Enphase Energy (NASDAQ:ENPH)‘s stock had its “neutral” rating reiterated by stock analysts at Roth Capital in a research note issued to investors on Friday. They currently have a $2.00 price objective on the semiconductor company’s stock. Roth Capital’s price target indicates a potential downside of 25.37% from the stock’s previous close.
ENPH has been the topic of a number of other research reports. Zacks Investment Research lowered Enphase Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. ValuEngine lowered Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Oppenheimer reissued a “buy” rating on shares of Enphase Energy in a research report on Monday, February 5th. Cowen reissued a “buy” rating and issued a $2.25 target price on shares of Enphase Energy in a research report on Friday, November 10th. Finally, Craig Hallum reissued a “buy” rating and issued a $4.00 target price on shares of Enphase Energy in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $2.30.
Shares of Enphase Energy (ENPH) opened at $2.68 on Friday. Enphase Energy has a 1 year low of $0.65 and a 1 year high of $3.45. The company has a quick ratio of 1.30, a current ratio of 1.59 and a debt-to-equity ratio of -4.75.
Hedge funds have recently bought and sold shares of the business. Two Sigma Securities LLC bought a new position in Enphase Energy in the fourth quarter valued at approximately $107,000. Wade G W & Inc. bought a new position in Enphase Energy in the fourth quarter valued at approximately $108,000. Northern Trust Corp grew its stake in Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 5,479 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Enphase Energy in the fourth quarter valued at approximately $128,000. Finally, Monashee Investment Management LLC bought a new position in Enphase Energy in the fourth quarter valued at approximately $133,000. Hedge funds and other institutional investors own 24.63% of the company’s stock.
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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.
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