TD Cowen Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $100.00

Enphase Energy (NASDAQ:ENPHGet Free Report) had its price objective cut by analysts at TD Cowen from $120.00 to $100.00 in a research note issued on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective would indicate a potential upside of 60.67% from the company’s current price.

Several other research firms have also recently issued reports on ENPH. Evercore ISI cut their target price on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. BNP Paribas cut Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research note on Friday, November 8th. Canaccord Genuity Group downgraded Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group decreased their target price on Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res cut shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $93.43.

Get Our Latest Analysis on ENPH

Enphase Energy Trading Down 2.7 %

Shares of ENPH opened at $62.24 on Monday. Enphase Energy has a 12-month low of $58.33 and a 12-month high of $141.63. The firm has a market capitalization of $8.41 billion, a P/E ratio of 141.45, a P/E/G ratio of 7.79 and a beta of 1.68. The firm has a 50-day moving average price of $69.43 and a 200 day moving average price of $90.79. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB increased its holdings in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after buying an additional 1,258,778 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after purchasing an additional 438,424 shares during the period. Aspex Management HK Ltd acquired a new stake in shares of Enphase Energy during the third quarter valued at about $48,442,000. Montrusco Bolton Investments Inc. raised its position in shares of Enphase Energy by 93.4% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock valued at $99,295,000 after purchasing an additional 424,327 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Enphase Energy by 372.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company’s stock valued at $31,830,000 after acquiring an additional 365,356 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.