Enphase Energy, Inc. (NASDAQ:ENPH) Receives $90.42 Average Price Target from Brokerages

Shares of Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) have been given an average rating of "Hold" by the thirty-three analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $90.42.

Several equities research analysts recently issued reports on the company. Citigroup boosted their price target on Enphase Energy from $71.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. Bank of America lowered their price objective on shares of Enphase Energy from $72.00 to $62.00 and set an "underperform" rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada lowered their price objective on shares of Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating for the company in a research report on Friday, November 22nd. Finally, Morgan Stanley lowered their price objective on shares of Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th.

Institutional Investors Weigh In On Enphase Energy

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Enphase Energy by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company's stock valued at $1,135,707,000 after buying an additional 44,782 shares in the last quarter. Baillie Gifford & Co. grew its stake in Enphase Energy by 32.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock valued at $574,975,000 after buying an additional 2,028,691 shares in the last quarter. Invesco Ltd. grew its stake in Enphase Energy by 43.4% in the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock valued at $313,034,000 after buying an additional 1,378,978 shares in the last quarter. Swedbank AB grew its stake in Enphase Energy by 0.3% in the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after buying an additional 11,890 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Enphase Energy by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,429,909 shares of the semiconductor company's stock valued at $234,994,000 after buying an additional 47,593 shares in the last quarter. Institutional investors own 72.12% of the company's stock.

Enphase Energy Stock Performance

Enphase Energy stock traded up $0.79 during midday trading on Wednesday, reaching $58.65. 3,719,678 shares of the company's stock were exchanged, compared to its average volume of 4,381,948. Enphase Energy has a 52 week low of $51.63 and a 52 week high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 79.26 and a beta of 1.68. The stock's 50-day simple moving average is $65.24 and its 200 day simple moving average is $82.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, analysts expect that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

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.