Enphase Energy (NASDAQ:ENPH) PT Raised to $145.00

Enphase Energy (NASDAQ:ENPH) had its price target hoisted by stock analysts at TD Cowen from $140.00 to $145.00 in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective suggests a potential upside of 34.47% from the stock’s previous close.

ENPH has been the subject of a number of other research reports. Canaccord Genuity Group began coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price objective for the company. B. Riley boosted their price objective on shares of Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research report on Monday. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price objective for the company. in a research report on Wednesday. StockNews.com lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company raised shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $98.00 to $141.00 in a research report on Monday, January 8th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $141.00.

Enphase Energy Stock Up 0.6 %

Shares of NASDAQ ENPH opened at $107.83 on Wednesday. Enphase Energy has a 12-month low of $73.49 and a 12-month high of $192.22. The company has a market capitalization of $14.66 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The firm’s 50-day moving average is $118.79 and its two-hundred day moving average is $111.93.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.34%. Equities analysts anticipate that Enphase Energy will post 2.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,285 shares of company stock valued at $4,054,428. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Enphase Energy

Several large investors have recently made changes to their positions in the business. Lindbrook Capital LLC boosted its position in shares of Enphase Energy by 50.9% during the 1st quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 144 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Enphase Energy by 14.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,570 shares of the semiconductor company’s stock worth $3,577,000 after buying an additional 3,700 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Enphase Energy by 24.9% in the first quarter. V Square Quantitative Management LLC now owns 2,008 shares of the semiconductor company’s stock worth $243,000 after buying an additional 400 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of Enphase Energy by 47.3% in the first quarter. Newbridge Financial Services Group Inc. now owns 1,215 shares of the semiconductor company’s stock worth $147,000 after buying an additional 390 shares during the period. Finally, TriaGen Wealth Management LLC boosted its holdings in shares of Enphase Energy by 4.0% in the first quarter. TriaGen Wealth Management LLC now owns 6,293 shares of the semiconductor company’s stock worth $761,000 after buying an additional 241 shares during the period. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Company Profile

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 microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.