Enphase Energy (NASDAQ:ENPH) Now Covered by Redburn Atlantic

Redburn Atlantic started coverage on shares of Enphase Energy (NASDAQ:ENPH - Free Report) in a research note published on Monday, MarketBeat.com reports. The firm issued a neutral rating on the semiconductor company's stock.

A number of other analysts also recently issued reports on the stock. Citigroup boosted their price objective on shares of Enphase Energy from $71.00 to $72.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Royal Bank of Canada cut 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 report on Friday, November 22nd. Jefferies Financial Group downgraded shares of Enphase Energy from a "hold" rating to an "underperform" rating and cut their price target for the stock from $93.00 to $61.00 in a report on Thursday, November 7th. HSBC downgraded shares of Enphase Energy from a "buy" rating to a "hold" rating and cut their price target for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Finally, Barclays cut their price target on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $90.42.

Enphase Energy Stock Performance

ENPH traded up $0.79 on Monday, reaching $58.65. The company had a trading volume of 3,719,678 shares, compared to its average volume of 4,381,948. Enphase Energy has a fifty-two week low of $51.63 and a fifty-two week high of $141.63. The stock has a market cap of $7.77 billion, a P/E ratio of 79.26 and a beta of 1.68. The company's fifty day moving average is $65.24 and its 200 day moving average is $82.44. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ENPH. Avior Wealth Management LLC lifted its position in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 279 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Enphase Energy during the third quarter valued at about $34,000. Quarry LP bought a new position in shares of Enphase Energy during the third quarter valued at about $37,000. Venturi Wealth Management LLC lifted its position in shares of Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 509 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Enphase Energy during the fourth quarter valued at about $47,000. 72.12% of the stock is owned by institutional investors.

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.