Enphase Energy, Inc. (NASDAQ:ENPH) released its earnings results on Tuesday. The semiconductor company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04, Bloomberg Earnings reports. The business had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $77.13 million. Enphase Energy had a negative net margin of 21.81% and a negative return on equity of 1,232.10%. The company’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.28) earnings per share.

Enphase Energy (NASDAQ ENPH) traded down $0.03 on Tuesday, reaching $1.46. 815,680 shares of the company were exchanged, compared to its average volume of 461,397. Enphase Energy has a 52-week low of $0.65 and a 52-week high of $2.03. The company has a current ratio of 1.92, a quick ratio of 1.59 and a debt-to-equity ratio of -17.39.

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An institutional investor recently raised its position in Enphase Energy stock. Northern Trust Corp increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,328 shares of the semiconductor company’s stock after acquiring an additional 5,479 shares during the quarter. Northern Trust Corp owned about 0.15% of Enphase Energy worth $108,000 at the end of the most recent reporting period. 18.80% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine raised shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Needham & Company LLC reissued a “hold” rating on shares of Enphase Energy in a research note on Tuesday, September 26th. Finally, Cowen and Company reissued a “buy” rating and set a $2.00 target price on shares of Enphase Energy in a research note on Sunday, September 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Enphase Energy has a consensus rating of “Hold” and an average price target of $1.50.

Enphase Energy Company Profile

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.

Earnings History for Enphase Energy (NASDAQ:ENPH)

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