Enphase Energy (ENPH) Earns News Impact Rating of 0.10
News coverage about Enphase Energy (NASDAQ:ENPH) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing 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 news sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.8851799620804 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- This Morning’s Research Reports on Semiconductor Stocks — Enphase Energy, Applied Materials, Brooks Automation, and Synopsys (broadwayworld.com)
- This Morning’s Research Reports on Semiconductor Stocks — Enphase Energy, Applied Materials, Brooks Automation … – PR Newswire (press release) (prnewswire.com)
- Enphase Energy, Inc. (ENPH) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Enphase Energy, Inc. (NASDAQ:ENPH) – Is The Stock A Good Investment? – Nasdaq Journal (press release) (nasdaqjournal.com)
- Enphase Energy, Inc. (NASDAQ:ENPH) – Lower The P/E, the Higher The Value of The Stock Justification – Nasdaq Journal (press release) (nasdaqjournal.com)
Shares of Enphase Energy (NASDAQ ENPH) opened at $2.49 on Friday. Enphase Energy has a fifty-two week low of $0.65 and a fifty-two week high of $3.45. The company has a current ratio of 1.59, a quick ratio of 1.30 and a debt-to-equity ratio of -4.75. The stock has a market cap of $209.55, a price-to-earnings ratio of -3.41 and a beta of 1.46.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $77.00 million for the quarter, compared to the consensus estimate of $77.13 million. During the same period in the prior year, the firm posted ($0.28) earnings per share. The business’s revenue was down 13.2% on a year-over-year basis. research analysts predict that Enphase Energy will post -0.57 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on ENPH shares. Cowen reaffirmed a “buy” rating and set a $2.00 price objective on shares of Enphase Energy in a report on Sunday, September 24th. ValuEngine downgraded shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Craig Hallum reaffirmed a “buy” rating and set a $4.00 price objective on shares of Enphase Energy in a report on Monday, November 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Enphase Energy in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $2.06.
In other Enphase Energy news, Director John Howard Weber sold 55,526 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $2.64, for a total value of $146,588.64. Following the completion of the sale, the director now directly owns 35,326 shares of the company’s stock, valued at $93,260.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Badrinarayanan Kothandaraman purchased 40,677 shares of the stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $1.78 per share, with a total value of $72,405.06. Following the completion of the purchase, the chief executive officer now directly owns 40,677 shares of the company’s stock, valued at $72,405.06. The disclosure for this purchase can be found here. Insiders own 17.37% of the company’s stock.
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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.
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