A.R.T. Advisors LLC raised its stake in Enphase Energy Inc (NASDAQ:ENPH) by 547.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,154 shares of the company’s stock after buying an additional 186,154 shares during the period. A.R.T. Advisors LLC owned about 0.36% of Enphase Energy worth $222,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Granite Point Capital Management L.P. acquired a new position in shares of Enphase Energy during the third quarter valued at about $944,000. Espalier Global Management LLC acquired a new position in shares of Enphase Energy during the third quarter valued at about $708,000. Renaissance Technologies LLC acquired a new position in shares of Enphase Energy during the fourth quarter valued at about $412,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Enphase Energy during the third quarter valued at about $439,000. Institutional investors and hedge funds own 23.84% of the company’s stock.

Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

Shares of Enphase Energy Inc (NASDAQ:ENPH) opened at 1.34 on Tuesday. The company’s 50-day moving average price is $1.50 and its 200 day moving average price is $1.35. Enphase Energy Inc has a one year low of $0.95 and a one year high of $2.82. The company’s market cap is $82.92 million.

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ENPH has been the subject of several analyst reports. Craig Hallum initiated coverage on Enphase Energy in a research report on Monday, December 5th. They set a “buy” rating and a $4.00 price objective for the company. Zacks Investment Research upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research report on Tuesday, November 22nd. Finally, Roth Capital set a $2.00 price objective on Enphase Energy and gave the stock a “hold” rating in a research report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $2.53.

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.

5 Day Chart for NASDAQ:ENPH

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