Oppenheimer reiterated their buy rating on shares of Enphase Energy (NASDAQ:ENPH) in a research note published on Monday morning.

A number of other research firms have also recently weighed in on ENPH. ValuEngine cut Enphase Energy from a sell rating to a strong sell rating in a research report on Friday, December 1st. Craig Hallum reissued a buy rating and issued a $4.00 price target on shares of Enphase Energy in a report on Monday, November 20th. Zacks Investment Research cut Enphase Energy from a buy rating to a hold rating in a report on Tuesday, January 16th. Finally, Cowen reissued a buy rating and issued a $2.25 price target on shares of Enphase Energy in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Enphase Energy has an average rating of Hold and an average target price of $2.10.

Enphase Energy (ENPH) opened at $2.28 on Monday. Enphase Energy has a 12-month low of $0.65 and a 12-month 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.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 18.66%. The firm had revenue of $77.00 million for the quarter, compared to analysts’ expectations of $77.13 million. During the same period in the previous year, the firm earned ($0.28) EPS. The business’s quarterly revenue was down 13.2% on a year-over-year basis. sell-side analysts anticipate that Enphase Energy will post -0.57 earnings per share for the current year.

In related news, Director John Howard Weber sold 55,526 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $2.64, for a total value of $146,588.64. Following the transaction, the director now directly owns 35,326 shares of the company’s stock, valued at approximately $93,260.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.37% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in Enphase Energy by 4.6% in the 2nd quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 5,479 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Enphase Energy in the 4th quarter worth approximately $244,000. KBC Group NV increased its stake in Enphase Energy by 101.3% in the 3rd quarter. KBC Group NV now owns 180,137 shares of the semiconductor company’s stock worth $274,000 after acquiring an additional 90,665 shares during the last quarter. K2 Principal Fund L.P. increased its stake in Enphase Energy by 14.9% in the 3rd quarter. K2 Principal Fund L.P. now owns 506,570 shares of the semiconductor company’s stock worth $770,000 after acquiring an additional 65,760 shares during the last quarter. Finally, Wasatch Advisors Inc. increased its stake in Enphase Energy by 197.0% in the 3rd quarter. Wasatch Advisors Inc. now owns 753,789 shares of the semiconductor company’s stock worth $1,146,000 after acquiring an additional 500,000 shares during the last quarter. 22.32% of the stock is currently 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.

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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