Enphase Energy (NASDAQ:ENPH) Rating Reiterated by Oppenheimer

Oppenheimer restated their buy rating on shares of Enphase Energy (NASDAQ:ENPH) in a research note published on Wednesday, AnalystRatings.com reports. They currently have a $50.00 price target on the semiconductor company’s stock.

Several other research analysts have also commented on ENPH. Barclays lifted their target price on Enphase Energy from $67.00 to $76.00 and gave the stock an overweight rating in a research report on Friday, May 1st. TheStreet lowered Enphase Energy from a b rating to a c+ rating in a research report on Thursday, June 18th. Roth Capital lifted their target price on Enphase Energy from $60.00 to $70.00 and gave the stock a buy rating in a research report on Monday, July 27th. JPMorgan Chase & Co. lifted their target price on Enphase Energy from $54.00 to $67.00 and gave the stock an overweight rating in a research report on Thursday, May 28th. Finally, JMP Securities began coverage on Enphase Energy in a research report on Friday, July 24th. They set a market perform rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $56.69.

ENPH stock opened at $60.36 on Wednesday. The company has a quick ratio of 3.07, a current ratio of 3.22 and a debt-to-equity ratio of 0.93. Enphase Energy has a 52-week low of $17.18 and a 52-week high of $70.36. The stock’s 50 day moving average is $52.51 and its two-hundred day moving average is $45.28. The company has a market capitalization of $7.56 billion, a PE ratio of 53.42 and a beta of 1.04.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.14. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $203.31 million. Enphase Energy had a return on equity of 71.56% and a net margin of 31.15%. Enphase Energy’s revenue for the quarter was up 105.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. As a group, sell-side analysts anticipate that Enphase Energy will post 0.83 EPS for the current year.

In other Enphase Energy news, major shareholder Moreno Isidoro Quiroga sold 13,548,476 shares of Enphase Energy stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $60.50, for a total transaction of $819,682,798.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Mandy Yang sold 36,570 shares of Enphase Energy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $55.06, for a total value of $2,013,544.20. The disclosure for this sale can be found here. Insiders have sold a total of 15,991,550 shares of company stock worth $940,135,871 in the last ninety days. 7.10% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Advisor Group Inc. raised its stake in shares of Enphase Energy by 55.5% in the 4th quarter. Advisor Group Inc. now owns 3,361 shares of the semiconductor company’s stock worth $87,000 after buying an additional 1,200 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Enphase Energy by 102.7% in the 4th quarter. Guggenheim Capital LLC now owns 43,674 shares of the semiconductor company’s stock worth $1,141,000 after buying an additional 22,124 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Enphase Energy by 24.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 83,947 shares of the semiconductor company’s stock worth $2,194,000 after buying an additional 16,393 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Enphase Energy by 2,501.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 44,635 shares of the semiconductor company’s stock worth $1,172,000 after buying an additional 42,919 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Enphase Energy by 2.8% in the 4th quarter. Alliancebernstein L.P. now owns 268,301 shares of the semiconductor company’s stock worth $7,011,000 after buying an additional 7,354 shares in the last quarter. 55.29% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that 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)

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