StockNews.com Begins Coverage on Enphase Energy (NASDAQ:ENPH)

StockNews.com initiated coverage on shares of Enphase Energy (NASDAQ:ENPH – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the semiconductor company’s stock.

A number of other research firms also recently weighed in on ENPH. Craig Hallum reduced their target price on shares of Enphase Energy from $323.00 to $315.00 in a research report on Wednesday, February 8th. Cowen increased their price objective on shares of Enphase Energy from $335.00 to $341.00 and gave the company an outperform rating in a research report on Wednesday, February 8th. OTR Global downgraded shares of Enphase Energy to a positive rating in a research report on Tuesday, January 24th. Janney Montgomery Scott raised shares of Enphase Energy from a neutral rating to a buy rating and set a $282.00 price objective on the stock in a research report on Monday, February 27th. Finally, Northland Securities upgraded shares of Enphase Energy from a market perform rating to an outperform rating and set a $365.00 target price on the stock in a research note on Monday, December 19th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy currently has a consensus rating of Moderate Buy and a consensus target price of $306.20.

Enphase Energy Stock Down 8.7 %

NASDAQ:ENPH opened at $183.64 on Thursday. The firm’s 50-day moving average price is $217.78 and its 200-day moving average price is $264.98. The company has a market capitalization of $25.07 billion, a PE ratio of 66.30, a P/E/G ratio of 1.13 and a beta of 1.49. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.55 and a quick ratio of 3.31. Enphase Energy has a 1-year low of $128.67 and a 1-year high of $339.92.

Insider Buying and Selling at Enphase Energy

In related news, Director Richard Mora sold 4,500 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $214.62, for a total value of $965,790.00. Following the completion of the transaction, the director now directly owns 1,600 shares of the company’s stock, valued at $343,392. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP David A. Ranhoff sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $203.25, for a total value of $1,524,375.00. Following the completion of the transaction, the executive vice president now directly owns 97,102 shares of the company’s stock, valued at $19,735,981.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Mora sold 4,500 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $214.62, for a total value of $965,790.00. Following the completion of the sale, the director now owns 1,600 shares of the company’s stock, valued at $343,392. The disclosure for this sale can be found here. Insiders own 4.80% of the company’s stock.

Institutional Trading of Enphase Energy

Several institutional investors and hedge funds have recently made changes to their positions in ENPH. Two Sigma Advisers LP grew its stake in Enphase Energy by 850.3% in the third quarter. Two Sigma Advisers LP now owns 1,418,909 shares of the semiconductor company’s stock valued at $393,705,000 after purchasing an additional 1,269,600 shares during the last quarter. Norges Bank purchased a new position in Enphase Energy in the fourth quarter valued at about $325,230,000. Two Sigma Investments LP purchased a new position in Enphase Energy in the third quarter valued at about $235,387,000. Jennison Associates LLC grew its stake in shares of Enphase Energy by 272.4% during the third quarter. Jennison Associates LLC now owns 890,322 shares of the semiconductor company’s stock worth $247,038,000 after acquiring an additional 651,254 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Enphase Energy during the third quarter worth about $178,809,000. 73.79% of the stock is currently owned by institutional investors.

Enphase Energy Company Profile

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Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.