Enphase Energy Inc (NASDAQ:ENPH) – Equities research analysts at Oppenheimer cut their Q2 2018 earnings per share (EPS) estimates for Enphase Energy in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Oppenheimer analyst C. Rusch now forecasts that the semiconductor company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.01. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Enphase Energy’s Q4 2018 earnings at $0.04 EPS.
ENPH has been the subject of several other research reports. Zacks Investment Research cut shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Roth Capital reaffirmed a “neutral” rating and issued a $2.00 price objective on shares of Enphase Energy in a report on Friday, February 23rd. BidaskClub raised shares of Enphase Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. ValuEngine cut shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Enphase Energy in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Enphase Energy presently has an average rating of “Buy” and an average target price of $3.05.
Shares of Enphase Energy (NASDAQ ENPH) traded up $0.27 during trading on Monday, hitting $4.25. 2,890,000 shares of the company traded hands, compared to its average volume of 1,520,000. 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 12-month low of $0.65 and a 12-month high of $4.44. The stock has a market capitalization of $363.51, a PE ratio of -7.59 and a beta of 0.78.
In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 40,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were purchased at an average cost of $3.32 per share, for a total transaction of $132,800.00. Following the completion of the transaction, the chief executive officer now owns 80,677 shares of the company’s stock, valued at approximately $267,847.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Humberto Garcia sold 16,375 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $2.75, for a total transaction of $45,031.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,537 shares of company stock worth $351,934. Company insiders own 15.92% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC acquired a new position in Enphase Energy during the fourth quarter worth about $517,000. Two Sigma Securities LLC acquired a new position in Enphase Energy in the 4th quarter valued at about $107,000. Goldman Sachs Group Inc. acquired a new position in Enphase Energy in the 4th quarter valued at about $128,000. Divisar Capital Management LLC boosted its holdings in Enphase Energy by 28.1% in the 4th quarter. Divisar Capital Management LLC now owns 1,680,106 shares of the semiconductor company’s stock valued at $4,049,000 after purchasing an additional 368,907 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Enphase Energy in the 4th quarter valued at about $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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