Enphase Energy (ENPH) Earning Somewhat Favorable News Coverage, Study Shows
News articles about Enphase Energy (NASDAQ:ENPH) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Enphase Energy earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 45.6377373843097 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Enphase Energy Launches IQ Combiner+™ for Even Simpler Residential Solar Installations (finance.yahoo.com)
- Enphase Energy Inc (undefined:ENPH): How Does It Impact Your Portfolio? (finance.yahoo.com)
- ETFs with exposure to Enphase Energy, Inc. : December 11, 2017 (finance.yahoo.com)
- Enphase Energy Inc (ENPH) Valuation Review – ExpertGazette (expertgazette.com)
- Solar Micro Inverter Global Market Research Sources & Application Analysis & Forecast 2023 (emailwire.com)
A number of brokerages have recently weighed in on ENPH. Craig Hallum reiterated a “buy” rating and issued a $4.00 price objective on shares of Enphase Energy in a research report on Monday, November 20th. Cowen reiterated a “buy” rating and issued a $2.25 price objective on shares of Enphase Energy in a research report on Friday, November 10th. Needham & Company LLC reiterated a “hold” rating on shares of Enphase Energy in a research report on Tuesday, September 26th. Finally, ValuEngine upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Enphase Energy has an average rating of “Hold” and an average target price of $2.06.
Shares of Enphase Energy (ENPH) traded down $0.06 during mid-day trading on Thursday, hitting $2.66. The stock had a trading volume of 810,500 shares, compared to its average volume of 893,000. Enphase Energy has a 12-month low of $0.65 and a 12-month high of $3.45. The company has a debt-to-equity ratio of -4.75, a quick ratio of 1.30 and a current ratio of 1.59.
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, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $77.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 13.2% compared to the same quarter last year. During the same period last year, the company earned ($0.28) EPS. research analysts forecast that Enphase Energy will post -0.57 earnings per share for the current year.
In other news, CEO Badrinarayanan Kothandaraman purchased 40,677 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $1.78 per share, for a total transaction of $72,405.06. Following the completion of the transaction, the chief executive officer now directly owns 40,677 shares of the company’s stock, valued at approximately $72,405.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Howard Weber sold 55,526 shares of Enphase Energy stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $2.64, for a total value of $146,588.64. Following the sale, the director now owns 35,326 shares in the company, valued at $93,260.64. The disclosure for this sale can be found here. 17.37% of the stock is currently owned by company insiders.
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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