Brokerages Set Enphase Energy Inc (ENPH) PT at $2.06
Enphase Energy Inc (NASDAQ:ENPH) has received an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $2.06.
A number of analysts have weighed in on the stock. Oppenheimer reaffirmed a “buy” rating on shares of Enphase Energy in a research note on Monday, February 5th. Zacks Investment Research cut shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. ValuEngine cut shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Craig Hallum reaffirmed a “buy” rating and set a $4.00 target price on shares of Enphase Energy in a research note on Monday, November 20th. Finally, Cowen reaffirmed a “buy” rating and set a $2.25 target price on shares of Enphase Energy in a research note on Friday, November 10th.
Shares of Enphase Energy (NASDAQ ENPH) traded up $0.06 during trading hours on Wednesday, reaching $2.82. 878,086 shares of the company were exchanged, compared to its average volume of 966,095. The company has a market capitalization of $246.45, a PE ratio of -3.81 and a beta of 1.36. The company has a debt-to-equity ratio of -4.75, a current ratio of 1.59 and a quick ratio of 1.30. Enphase Energy has a fifty-two week low of $0.65 and a fifty-two week high of $3.45.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in shares of Enphase Energy during the fourth quarter worth $517,000. Two Sigma Securities LLC acquired a new position in shares of Enphase Energy during the fourth quarter worth $107,000. Goldman Sachs Group Inc. acquired a new position in shares of Enphase Energy during the fourth quarter worth $128,000. Divisar Capital Management LLC lifted its holdings in shares of Enphase Energy by 28.1% during the fourth quarter. Divisar Capital Management LLC now owns 1,680,106 shares of the semiconductor company’s stock worth $4,049,000 after purchasing an additional 368,907 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Enphase Energy during the fourth quarter worth $302,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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