Enphase Energy (NASDAQ:ENPH) Upgraded to “Mixed” at OTR Global

OTR Global upgraded shares of Enphase Energy (NASDAQ:ENPH) from a negative rating to a mixed rating in a report issued on Friday,Benzinga reports.

A number of other equities research analysts have also recently commented on ENPH. Barclays lowered their price target on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Canaccord Genuity Group restated a “hold” rating and issued a $76.00 target price on shares of Enphase Energy in a research note on Tuesday, November 19th. Roth Mkm cut their price target on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Susquehanna lowered their price objective on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, Piper Sandler dropped their price objective on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average target price of $100.33.

Enphase Energy Stock Up 8.6 %

Shares of NASDAQ:ENPH opened at $71.45 on Friday. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The company has a market capitalization of $9.65 billion, a PE ratio of 162.39, a price-to-earnings-growth ratio of 22.03 and a beta of 1.69. The business has a fifty day moving average price of $75.45 and a two-hundred day moving average price of $99.47. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. During the same period last year, the firm posted $0.84 earnings per share. Enphase Energy’s quarterly revenue was down 30.9% compared to the same quarter last year. Analysts forecast that Enphase Energy will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Enphase Energy during the third quarter worth about $34,000. Stone House Investment Management LLC bought a new stake in shares of Enphase Energy in the third quarter worth about $34,000. Finally, Quarry LP bought a new stake in shares of Enphase Energy in the third quarter worth about $37,000. 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.