Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Enphase Energy (ENPH) Stock Price
Media headlines about Enphase Energy (NASDAQ:ENPH) have trended somewhat positive on Tuesday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Enphase Energy earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 47.7042399375577 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Contrasting Enphase Energy (ENPH) and Its Competitors (americanbankingnews.com)
- Enphase Energy (ENPH) vs. Its Rivals Head to Head Comparison (americanbankingnews.com)
- Enphase Energy (ENPH) versus The Competition Critical Review (americanbankingnews.com)
- Enphase Energy As A Turnaround Investment: 3Q Earnings Update – Seeking Alpha (seekingalpha.com)
- Enphase Energy’s (ENPH) Buy Rating Reaffirmed at Cowen and Company (americanbankingnews.com)
Enphase Energy (NASDAQ ENPH) opened at $2.32 on Tuesday. 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 has a 52-week low of $0.65 and a 52-week high of $2.36.
Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $77.00 million during 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%. Enphase Energy’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. analysts expect that Enphase Energy will post -0.57 EPS for the current year.
Several research analysts recently weighed in on the stock. Cowen and Company restated a “buy” rating and issued a $2.25 price objective on shares of Enphase Energy in a research report on Friday. ValuEngine upgraded shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Needham & Company LLC restated a “hold” rating on shares of Enphase Energy in a research report on Tuesday, September 26th. Finally, Zacks Investment Research cut shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $1.56.
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In other news, CEO Badrinarayanan Kothandaraman bought 40,677 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $1.78 per share, with a total value of $72,405.06. Following the completion of the purchase, the chief executive officer now directly owns 40,677 shares in the company, valued at $72,405.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.92% of the stock is owned by corporate insiders.
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.
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