To The Moon

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based micro inverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.

Key Points

• Enphase Energy's stock has been given a "sell (d)" rating by Weiss Ratings, reflecting ongoing concerns among analysts regarding its performance.

• Despite a slight increase in price target from JPMorgan Chase and a mix of ratings from other firms, the consensus rating for Enphase Energy remains at "Reduce" with a target price of $46.37.

• Enphase reported a 19.7% increase in quarterly revenue year-over-year, with earnings per share of $0.69, surpassing analyst expectations.

Enphase Energy (NASDAQ:ENPH) $Enphase Energy(ENPH)$ 's stock had its "sell (d)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Saturday.

ENPH has been the topic of several other reports.

JPMorgan Chase & Co. upped their price objective on shares of Enphase Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, October 16th.

Evercore ISI started coverage on shares of Enphase Energy in a research note on Monday, October 6th. They set an "in-line" rating and a $40.00 price objective on the stock.

Mizuho cut shares of Enphase Energy from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $50.00 to $37.00 in a research note on Thursday. TD Cowen decreased their price objective on shares of Enphase Energy from $45.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, July 23rd.

Finally, Johnson Rice cut shares of Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price objective on the stock. in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and thirteen have assigned a Sell rating to the stock.

Enphase Energy Price Performance

NASDAQ ENPH traded up $0.59 on Friday, reaching $36.23. The company's stock had a trading volume of 5,633,289 shares, compared to its average volume of 6,259,226. The firm has a market cap of $4.74 billion, a PE ratio of 28.30 and a beta of 1.56. The business has a 50-day moving average price of $37.14 and a 200 day moving average price of $40.45. Enphase Energy has a 52 week low of $29.89 and a 52 week high of $89.95. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The firm had revenue of $363.15 million for the quarter, compared to analysts' expectations of $359.14 million. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. Sell-side analysts expect that Enphase Energy will post 2.08 EPS for the current year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $30.82 per share, with a total value of $154,100.00. Following the completion of the purchase, the chief executive officer owned 1,620,632 shares in the company, valued at $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC. Insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Enphase Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of ENPH.

DekaBank Deutsche Girozentrale lifted its position in Enphase Energy by 0.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock worth $5,421,000 after buying an additional 238 shares in the last quarter.

Teachers Retirement System of The State of Kentucky lifted its position in Enphase Energy by 2.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock worth $643,000 after buying an additional 255 shares in the last quarter.

First Horizon Advisors Inc. lifted its position in Enphase Energy by 83.0% during the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock worth $35,000 after buying an additional 258 shares in the last quarter.

Empirical Finance LLC lifted its position in Enphase Energy by 9.1% during the 1st quarter. Empirical Finance LLC now owns 3,996 shares of the semiconductor company's stock worth $248,000 after buying an additional 332 shares in the last quarter.

Finally, Cidel Asset Management Inc. lifted its position in Enphase Energy by 7.1% during the 1st quarter. Cidel Asset Management Inc. now owns 5,070 shares of the semiconductor company's stock worth $315,000 after buying an additional 338 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

Should You Invest in Enphase Energy Right Now?

Not for me, at this point of time it is definitely a sell for me.

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