Enphase Energy Inc. (NASDAQ:ENPH) shares traded up 4.6% during mid-day trading on Monday . The company traded as high as $2.14 and last traded at $2.05, with a volume of 426,526 shares trading hands. The stock had previously closed at $1.96.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Canaccord Genuity began coverage on Enphase Energy in a research note on Wednesday, May 4th. They issued a “hold” rating for the company. Vetr upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $2.49 price target for the company in a research note on Monday, March 28th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Enphase Energy in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $4.98.

The stock’s 50 day moving average is $2.05 and its 200-day moving average is $2.34. The company’s market capitalization is $96.19 million.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.03. The business earned $64.12 million during the quarter, compared to analyst estimates of $65.37 million. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The company’s quarterly revenue was down 26.0% on a year-over-year basis. On average, equities research analysts expect that Enphase Energy Inc. will post ($1.02) EPS for the current fiscal year.

A hedge fund recently bought a new stake in Enphase Energy stock. GSA Capital Partners LLP bought a new stake in shares of Enphase Energy Inc. (NASDAQ:ENPH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 959,896 shares of the company’s stock, valued at approximately $3,369,000. GSA Capital Partners LLP owned about 2.12% of Enphase Energy as of its most recent SEC filing.

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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