Enphase Energy (NASDAQ:ENPH – Get Rating) had its price target increased by JPMorgan Chase & Co. from $240.00 to $247.00 in a research report released on Wednesday, The Fly reports.
A number of other analysts have also recently commented on the stock. Oppenheimer upped their price target on shares of Enphase Energy from $290.00 to $307.00 in a research report on Wednesday, April 27th. StockNews.com initiated coverage on shares of Enphase Energy in a research report on Thursday, March 31st. They set a hold rating on the stock. TheStreet raised shares of Enphase Energy from a c+ rating to a b rating in a research report on Thursday, April 7th. Credit Suisse Group upped their price target on shares of Enphase Energy from $163.00 to $174.00 in a research report on Thursday, April 28th. Finally, Cowen upped their price target on shares of Enphase Energy from $227.00 to $240.00 in a research report on Wednesday, April 27th. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $243.35.
Enphase Energy Stock Performance
Shares of Enphase Energy stock opened at $211.54 on Wednesday. The company has a quick ratio of 3.22, a current ratio of 3.44 and a debt-to-equity ratio of 3.62. Enphase Energy has a twelve month low of $113.40 and a twelve month high of $282.46. The stock has a market cap of $28.56 billion, a price-to-earnings ratio of 180.80, a P/E/G ratio of 2.27 and a beta of 1.37. The company’s fifty day moving average is $190.78 and its 200 day moving average is $172.72.
Enphase Energy (NASDAQ:ENPH – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Enphase Energy had a net margin of 10.88% and a return on equity of 45.30%. The company had revenue of $441.29 million for the quarter, compared to analysts’ expectations of $434.21 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Sell-side analysts forecast that Enphase Energy will post 2.35 EPS for the current year.
Insiders Place Their Bets
In other Enphase Energy news, Director Joseph Ian Malchow sold 12,500 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $188.00, for a total value of $2,350,000.00. Following the completion of the sale, the director now directly owns 67,590 shares of the company’s stock, valued at approximately $12,706,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Enphase Energy news, Director Joseph Ian Malchow sold 12,500 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $188.00, for a total value of $2,350,000.00. Following the completion of the sale, the director now directly owns 67,590 shares of the company’s stock, valued at approximately $12,706,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the transaction, the chief executive officer now directly owns 1,059,051 shares of the company’s stock, valued at $211,810,200. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,850 shares of company stock valued at $30,289,084. Corporate insiders own 4.80% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Elequin Capital LP bought a new position in shares of Enphase Energy during the 1st quarter valued at approximately $26,000. American National Bank boosted its holdings in Enphase Energy by 80.5% in the 4th quarter. American National Bank now owns 148 shares of the semiconductor company’s stock worth $27,000 after buying an additional 66 shares during the period. Retirement Planning Co of New England Inc. bought a new position in Enphase Energy in the 4th quarter worth approximately $27,000. AlphaCentric Advisors LLC bought a new position in Enphase Energy in the 4th quarter worth approximately $27,000. Finally, KB Financial Partners LLC bought a new position in Enphase Energy in the 1st quarter worth approximately $28,000. 68.30% of the stock is owned by institutional investors.
About Enphase Energy
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.
Featured Stories
Receive News & Ratings for Enphase Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Enphase Energy and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
