Enphase Energy, Inc. (NASDAQ:ENPH)’s share price was up 1.5% during mid-day trading on Friday . The stock traded as high as $1.32 and last traded at $1.28. Approximately 538,547 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 725,412 shares. The stock had previously closed at $1.30.

Several equities analysts recently issued reports on ENPH shares. ValuEngine cut Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Zacks Investment Research cut Enphase Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. Craig Hallum set a $2.00 price target on Enphase Energy and gave the company a “buy” rating in a research report on Monday, June 12th. Deutsche Bank AG upgraded Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 price target on the stock in a research report on Tuesday, June 20th. Finally, Roth Capital set a $1.00 price target on Enphase Energy and gave the company a “hold” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $1.96.

The stock has a 50-day moving average of $0.92 and a 200-day moving average of $1.05. The firm’s market cap is $109.96 million.

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

Large investors have recently made changes to their positions in the business. K2 Principal Fund L.P. acquired a new stake in shares of Enphase Energy in the first quarter valued at approximately $106,000. First Trust Advisors LP acquired a new stake in shares of Enphase Energy in the first quarter valued at approximately $111,000. KBC Group NV increased its stake in shares of Enphase Energy by 40.8% in the first quarter. KBC Group NV now owns 89,472 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 25,926 shares during the period. Northern Trust Corp increased its stake in shares of Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 5,479 shares during the period. Finally, Wexford Capital LP acquired a new stake in shares of Enphase Energy in the first quarter valued at approximately $617,000. Institutional investors own 19.78% of the company’s stock.

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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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