Shares of Enphase Energy Inc (NASDAQ:ENPH) have been assigned a consensus rating of “Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.06.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Roth Capital restated a “neutral” rating and set a $2.00 price objective on shares of Enphase Energy in a research note on Friday, February 23rd. BidaskClub upgraded shares of Enphase Energy from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. ValuEngine lowered shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Oppenheimer restated a “buy” rating on shares of Enphase Energy in a research note on Monday, February 5th.
Enphase Energy (NASDAQ:ENPH) traded up $0.40 during trading hours on Friday, reaching $4.38. 2,117,686 shares of the company’s stock were exchanged, compared to its average volume of 1,291,203. The company has a market cap of $347.97, a price-to-earnings ratio of -7.24 and a beta of 0.78. The company has a debt-to-equity ratio of -4.75, a quick ratio of 1.30 and a current ratio of 1.59. Enphase Energy has a 1-year low of $0.65 and a 1-year high of $4.41.
Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC bought a new stake in shares of Enphase Energy in the fourth quarter worth approximately $517,000. Two Sigma Securities LLC purchased a new position in shares of Enphase Energy in the fourth quarter worth approximately $107,000. Goldman Sachs Group Inc. purchased a new position in shares of Enphase Energy in the fourth quarter worth approximately $128,000. Divisar Capital Management LLC boosted its holdings in shares of Enphase Energy by 28.1% in the fourth quarter. Divisar Capital Management LLC now owns 1,680,106 shares of the semiconductor company’s stock worth $4,049,000 after buying an additional 368,907 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Enphase Energy in the fourth quarter worth approximately $302,000. Hedge funds and other institutional investors own 26.72% of the company’s stock.
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Enphase Energy Company Profile
Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.
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