Roth Capital Boosts Enphase Energy (NASDAQ:ENPH) Price Target to

Enphase Energy (NASDAQ:ENPH) had its price objective boosted by Roth Capital from to in a report released on Wednesday morning, The Fly reports. They currently have a buy rating on the semiconductor company’s stock.

Other research analysts have also issued reports about the stock. Cowen upped their target price on shares of Enphase Energy from $45.00 to $49.00 and gave the company an outperform rating in a report on Wednesday. B. Riley lowered shares of Enphase Energy from a buy rating to a neutral rating and upped their target price for the company from $28.00 to $35.00 in a report on Thursday, February 13th. BidaskClub upgraded shares of Enphase Energy from a buy rating to a strong-buy rating in a report on Wednesday, December 18th. HC Wainwright restated a buy rating and issued a $48.00 target price (up from $36.00) on shares of Enphase Energy in a report on Wednesday. Finally, Craig Hallum upped their target price on shares of Enphase Energy from $31.00 to $54.00 and gave the company a buy rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $44.67.

Enphase Energy stock opened at $59.09 on Wednesday. Enphase Energy has a 52 week low of $7.38 and a 52 week high of $59.15. The company has a quick ratio of 2.46, a current ratio of 2.67 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $35.32 and its 200 day simple moving average is $27.59. The firm has a market capitalization of $7.19 billion, a PE ratio of 90.37 and a beta of 0.93.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 18th. The semiconductor company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. Enphase Energy had a net margin of 25.81% and a return on equity of 92.35%. The business had revenue of $210.03 million for the quarter, compared to analyst estimates of $205.13 million. During the same period in the previous year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 127.6% compared to the same quarter last year. On average, research analysts expect that Enphase Energy will post 0.97 EPS for the current fiscal year.

In other news, COO Jeff Mcneil sold 7,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $20.02, for a total transaction of $140,140.00. Following the completion of the transaction, the chief operating officer now owns 305,038 shares of the company’s stock, valued at approximately $6,106,860.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.46% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Enphase Energy by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 126,607 shares of the semiconductor company’s stock valued at $2,814,000 after acquiring an additional 472 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Enphase Energy by 55.5% during the 4th quarter. Advisor Group Inc. now owns 3,361 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 1,200 shares during the last quarter. Amalgamated Bank increased its stake in shares of Enphase Energy by 9.6% during the 4th quarter. Amalgamated Bank now owns 16,948 shares of the semiconductor company’s stock valued at $443,000 after acquiring an additional 1,481 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Enphase Energy by 95.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,075 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,505 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Enphase Energy by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 143,122 shares of the semiconductor company’s stock valued at $3,182,000 after acquiring an additional 1,710 shares during the last quarter. 47.04% of the stock is owned by institutional investors.

About Enphase Energy

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

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