Enphase Energy, Inc. (NASDAQ:ENPH) Receives Average Recommendation of “Moderate Buy” from Analysts


Shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) have received an average rating of “Moderate Buy” from the twenty-eight analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $238.41.

ENPH has been the topic of several research analyst reports. Cowen boosted their target price on Enphase Energy from $227.00 to $240.00 in a research note on Wednesday, April 27th. BMO Capital Markets upped their price target on Enphase Energy from $215.00 to $240.00 in a report on Friday, June 10th. Stephens started coverage on Enphase Energy in a report on Wednesday, April 13th. They set an “overweight” rating and a $280.00 price target on the stock. B. Riley upped their price target on Enphase Energy from $155.00 to $171.00 in a report on Wednesday, April 27th. Finally, Credit Suisse Group upped their price target on Enphase Energy from $163.00 to $174.00 in a report on Thursday, April 28th.

In other news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $200.00, for a total value of $7,730,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,059,051 shares of the company’s stock, valued at approximately $211,810,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin John Kortlang sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $197.89, for a total value of $4,947,250.00. Following the completion of the sale, the director now directly owns 249,289 shares of the company’s stock, valued at $49,331,800.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,850 shares of company stock valued at $30,289,084. 4.80% of the stock is owned by corporate insiders.

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Several large investors have recently bought and sold shares of ENPH. Amalgamated Bank lifted its stake in shares of Enphase Energy by 1.4% during the 1st quarter. Amalgamated Bank now owns 50,964 shares of the semiconductor company’s stock worth $10,284,000 after acquiring an additional 723 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Enphase Energy during the 1st quarter worth approximately $1,732,000. Kestra Private Wealth Services LLC lifted its stake in shares of Enphase Energy by 99.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,759 shares of the semiconductor company’s stock worth $758,000 after acquiring an additional 1,872 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of Enphase Energy by 97.6% during the 1st quarter. Gradient Investments LLC now owns 998 shares of the semiconductor company’s stock worth $201,000 after acquiring an additional 493 shares during the last quarter. Finally, M Holdings Securities Inc. bought a new stake in shares of Enphase Energy during the 1st quarter worth approximately $1,059,000. 68.30% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ ENPH opened at $195.72 on Monday. Enphase Energy has a 52 week low of $113.40 and a 52 week high of $282.46. The business has a 50-day simple moving average of $178.12 and a two-hundred day simple moving average of $170.64. The company has a quick ratio of 3.22, a current ratio of 3.44 and a debt-to-equity ratio of 3.62. The company has a market cap of $26.43 billion, a P/E ratio of 167.28, a P/E/G ratio of 2.02 and a beta of 1.37.

Enphase Energy (NASDAQ:ENPH – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $441.29 million during the quarter, compared to the consensus estimate of $434.21 million. Enphase Energy had a return on equity of 45.30% and a net margin of 10.88%. During the same quarter last year, the company posted $0.48 EPS. Equities research analysts anticipate that Enphase Energy will post 2.35 EPS for the current year.

About Enphase Energy (Get Rating)

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

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Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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