Enphase Energy (NASDAQ:ENPH) Stock Rating Lowered by Guggenheim

Guggenheim lowered shares of Enphase Energy (NASDAQ:ENPH) from a neutral rating to a sell rating in a report released on Wednesday morning, Marketbeat reports. They currently have $92.00 price objective on the semiconductor company’s stock.

Other research analysts also recently issued research reports about the stock. B. Riley boosted their target price on shares of Enphase Energy from $121.00 to $149.00 and gave the company a buy rating in a research note on Monday, April 22nd. Susquehanna reissued a positive rating and issued a $140.00 target price on shares of Enphase Energy in a research note on Friday, April 5th. Royal Bank of Canada started coverage on shares of Enphase Energy in a research note on Wednesday, February 14th. They issued an outperform rating and a $140.00 target price for the company. Canaccord Genuity Group started coverage on shares of Enphase Energy in a research note on Tuesday, January 16th. They issued a buy rating and a $142.00 target price for the company. Finally, Oppenheimer raised shares of Enphase Energy from a market perform rating to an outperform rating and set a $133.00 target price for the company in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of Hold and an average target price of $137.41.

Enphase Energy Price Performance

Enphase Energy stock opened at $111.93 on Wednesday. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $192.22. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The firm’s 50-day simple moving average is $118.22 and its 200 day simple moving average is $111.90. The firm has a market capitalization of $15.23 billion, a PE ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The business had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. On average, equities research analysts predict that Enphase Energy will post 1.96 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now owns 118,360 shares in the company, valued at approximately $12,391,108.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,285 shares of company stock worth $6,148,228. 3.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors and hedge funds have recently bought and sold shares of ENPH. CWM LLC boosted its holdings in Enphase Energy by 6.3% in the 3rd quarter. CWM LLC now owns 4,040 shares of the semiconductor company’s stock worth $485,000 after acquiring an additional 239 shares during the period. AE Wealth Management LLC boosted its stake in shares of Enphase Energy by 24.3% during the 3rd quarter. AE Wealth Management LLC now owns 14,940 shares of the semiconductor company’s stock valued at $1,795,000 after buying an additional 2,921 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of Enphase Energy by 108.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 325 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Enphase Energy by 155.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 820 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in shares of Enphase Energy during the 3rd quarter valued at approximately $259,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.