Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Enphase Energy (NASDAQ:ENPH) Stock Price
Headlines about Enphase Energy (NASDAQ:ENPH) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Enphase Energy earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.8341468910075 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
- Yandex NV (YNDX) registers a price change of -0.89% while Enphase Energy, Inc. (ENPH) finishes with a flow of -3.62% – Stocks Gallery (stocksgallery.com)
- Shares Seesawing on Volume: Enphase Energy Inc (ENPH) – FLBC News (flbcnews.com)
- -$0.12 Earnings Per Share Expected for Enphase Energy, Inc. (NASDAQ:ENPH) This Quarter (americanbankingnews.com)
- Share Spotlight on Enphase Energy Inc (ENPH) : Technicals in Focus – Stock Press Daily (stockpressdaily.com)
- Head to Head Review: Enphase Energy (ENPH) vs. JinkoSolar Holding Company Limited (JKS) (americanbankingnews.com)
A number of analysts have recently issued reports on the company. Roth Capital set a $1.00 target price on Enphase Energy and gave the company a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Enphase Energy from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Deutsche Bank AG upgraded Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 price objective for the company in a report on Tuesday, June 20th. Craig Hallum set a $2.00 price objective on Enphase Energy and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, ValuEngine lowered Enphase Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $1.96.
Enphase Energy (NASDAQ:ENPH) traded up 5.6257% during trading on Thursday, reaching $0.8449. 2,153,779 shares of the company’s stock traded hands. The firm’s market cap is $71.20 million. Enphase Energy has a 12 month low of $0.65 and a 12 month high of $2.03. The firm has a 50 day moving average price of $0.81 and a 200-day moving average price of $1.19.
Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.05. Enphase Energy had a negative net margin of 22.98% and a negative return on equity of 757.76%. The firm had revenue of $54.75 million for the quarter, compared to analysts’ expectations of $62.72 million. During the same period in the previous year, the firm posted ($0.34) EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, analysts forecast that Enphase Energy will post ($0.30) earnings per share for the current fiscal year.
About Enphase Energy
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.
Receive News & Ratings for Enphase Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.