Shares of Enphase Energy, Inc. (NASDAQ:ENPH) traded up 6.5% during trading on Friday . The company traded as high as $0.99 and last traded at $0.98, with a volume of 519,444 shares changing hands. The stock had previously closed at $0.92.

A number of analysts recently commented on the company. Zacks Investment Research cut Enphase Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Roth Capital set a $1.00 price objective on Enphase Energy and gave the company a “hold” rating in a research report on Thursday, June 22nd. 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 research report on Tuesday, June 20th. Craig Hallum set a $2.00 price objective on Enphase Energy and gave the company a “buy” rating in a research report on Monday, June 12th. Finally, ValuEngine cut Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $1.96.

The company has a 50 day moving average price of $0.89 and a 200 day moving average price of $1.06. The company’s market capitalization is $82.90 million.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.01. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 21.81%. The firm had revenue of $74.70 million for the quarter, compared to analyst estimates of $74.48 million. During the same period in the prior year, the firm posted ($0.30) EPS. The business’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts expect that Enphase Energy, Inc. will post ($0.31) EPS for the current year.

A number of hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Enphase Energy by 10,872.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock worth $1,597,000 after buying an additional 1,829,566 shares in the last quarter. Old West Investment Management LLC purchased a new stake in shares of Enphase Energy during the first quarter worth approximately $1,446,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Enphase Energy by 2,281.8% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 898,485 shares of the semiconductor company’s stock worth $1,231,000 after buying an additional 860,762 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of Enphase Energy during the first quarter worth approximately $617,000. Finally, K2 Principal Fund L.P. raised its position in Enphase Energy by 470.1% in the second quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock worth $381,000 after buying an additional 363,490 shares during the last quarter. 19.78% of the stock is owned by institutional investors.

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Enphase Energy Company Profile

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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