Enphase Energy, Inc. (NASDAQ:ENPH) has received a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $2.10.

A number of analysts have weighed in on the company. Zacks Investment Research lowered Enphase Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Roth Capital set a $1.00 target price on Enphase Energy and gave the stock a “hold” rating in a research note on Thursday, June 22nd. 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 note on Tuesday, June 20th. Craig Hallum set a $2.00 price target on Enphase Energy and gave the company a “buy” rating in a research note on Monday, June 12th. Finally, ValuEngine lowered Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.

WARNING: This story was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/enphase-energy-inc-enph-receives-consensus-recommendation-of-hold-from-analysts/1528463.html.

Several institutional investors have recently made changes to their positions in ENPH. K2 Principal Fund L.P. purchased a new position in shares of Enphase Energy during the first quarter valued at approximately $106,000. Northern Trust Corp raised its position in shares of Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 5,479 shares in the last quarter. First Trust Advisors LP raised its position in shares of Enphase Energy by 55.4% in the second quarter. First Trust Advisors LP now owns 125,973 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 44,908 shares in the last quarter. KBC Group NV raised its position in shares of Enphase Energy by 40.8% in the first quarter. KBC Group NV now owns 89,472 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 25,926 shares in the last quarter. Finally, Trellus Management Company LLC purchased a new position in shares of Enphase Energy during the first quarter valued at approximately $171,000. Hedge funds and other institutional investors own 19.78% of the company’s stock.

Enphase Energy (NASDAQ:ENPH) traded down 1.87% during midday trading on Wednesday, hitting $0.92. 398,730 shares of the stock were exchanged. Enphase Energy has a 1-year low of $0.65 and a 1-year high of $2.03. The stock’s market cap is $77.81 million. The company’s 50 day moving average is $0.87 and its 200-day moving average is $1.08.

Enphase Energy (NASDAQ:ENPH) last released its 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. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 21.81%. The business had revenue of $74.70 million during the quarter, compared to analysts’ expectations of $74.48 million. During the same quarter in the previous year, the business earned ($0.30) EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts expect that Enphase Energy will post ($0.31) earnings per share for the current year.

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.

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.