Enphase Energy (ENPH) Getting Somewhat Favorable Media Coverage, Analysis Finds
Media coverage about Enphase Energy (NASDAQ:ENPH) has been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Enphase Energy earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 47.1340729130919 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Enphase Energy (ENPH) Looks Good: Stock Adds 17.7% in Session – Nasdaq (nasdaq.com)
- Enphase Energy Inc.: JinkoSolar Announcement Drives Rally – Seeking Alpha (seekingalpha.com)
- ETFs with exposure to Enphase Energy, Inc. : September 18, 2017 (finance.yahoo.com)
- New study: PV micro inverter industry global market trends to 2022 (whatech.com)
Enphase Energy (NASDAQ ENPH) traded down 0.66% during trading on Tuesday, hitting $1.50. The stock had a trading volume of 446,773 shares. The firm’s market cap is $126.87 million. Enphase Energy has a 1-year low of $0.65 and a 1-year high of $2.03. The firm’s 50 day moving average is $1.00 and its 200 day moving average is $1.02.
Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $74.70 million for the quarter, compared to analysts’ expectations of $74.48 million. Enphase Energy had a negative net margin of 21.81% and a negative return on equity of 1,232.10%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.30) EPS. On average, analysts anticipate that Enphase Energy will post ($0.31) earnings per share for the current year.
Several research firms recently weighed in on ENPH. Roth Capital set a $1.00 target price on Enphase Energy and gave the stock a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Enphase Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. Deutsche Bank AG upgraded Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 target price on the stock in a research report on Tuesday, June 20th. Craig Hallum set a $2.00 target price on Enphase Energy and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, ValuEngine downgraded Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $1.96.
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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