Enphase Energy (ENPH) Getting Somewhat Favorable Media Coverage, Report Shows

News stories about Enphase Energy (NASDAQ:ENPH) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enphase Energy earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 47.0665383912435 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Enphase Energy (NASDAQ:ENPH) traded down $0.16 during trading hours on Friday, reaching $2.24. The company’s stock had a trading volume of 810,846 shares, compared to its average volume of 861,666. The company has a current ratio of 1.59, a quick ratio of 1.30 and a debt-to-equity ratio of -4.75. Enphase Energy has a fifty-two week low of $0.65 and a fifty-two week high of $3.45. The company has a market cap of $191.59, a PE ratio of -3.03 and a beta of 1.49.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $77.00 million for the quarter, compared to analysts’ expectations of $77.13 million. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 18.66%. The business’s revenue was down 13.2% on a year-over-year basis. During the same period last year, the business earned ($0.28) EPS. equities research analysts forecast that Enphase Energy will post -0.57 earnings per share for the current year.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Enphase Energy in a research note on Tuesday, September 26th. Craig Hallum restated a “buy” rating and set a $4.00 price objective on shares of Enphase Energy in a research note on Monday, November 20th. Cowen restated a “buy” rating and set a $2.25 price objective on shares of Enphase Energy in a research note on Friday, November 10th. Finally, ValuEngine upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Enphase Energy currently has an average rating of “Hold” and an average target price of $2.20.

In other news, Director John Howard Weber sold 55,526 shares of Enphase Energy stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $2.64, for a total transaction of $146,588.64. Following the sale, the director now directly owns 35,326 shares in the company, valued at approximately $93,260.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 40,677 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $1.78 per share, for a total transaction of $72,405.06. Following the completion of the purchase, the chief executive officer now directly owns 40,677 shares in the company, valued at $72,405.06. The disclosure for this purchase can be found here. Insiders own 17.37% of the company’s stock.

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About Enphase Energy

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.

Insider Buying and Selling by Quarter for Enphase Energy (NASDAQ:ENPH)

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