Redburn Atlantic Begins Coverage on Enphase Energy (NASDAQ:ENPH)

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

A number of other analysts have also weighed in on ENPH. OTR Global raised Enphase Energy from a "negative" rating to a "mixed" rating in a research report on Friday, December 20th. Northland Securities cut their price target on Enphase Energy from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, November 19th. Morgan Stanley reduced their price target on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Enphase Energy from $83.00 to $77.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup raised their target price 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. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $90.42.

Enphase Energy Trading Up 1.4 %

ENPH traded up $0.79 during mid-day trading on Monday, hitting $58.65. 3,719,678 shares of the stock were exchanged, compared to its average volume of 4,381,948. The firm's fifty day moving average is $65.24 and its two-hundred day moving average is $82.44. Enphase Energy has a 1-year low of $51.63 and a 1-year high of $141.63. The company has a market cap of $7.77 billion, a PE ratio of 79.26 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44.

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

Institutional Trading of Enphase Energy

A number of hedge funds have recently added to or reduced their stakes in ENPH. Vanguard Group Inc. raised its stake in shares of Enphase Energy by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company's stock worth $1,135,707,000 after purchasing an additional 44,782 shares during the last quarter. Baillie Gifford & Co. increased 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 during the period. Invesco Ltd. raised its position in Enphase Energy by 43.4% during the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock worth $313,034,000 after buying an additional 1,378,978 shares during the last quarter. Swedbank AB raised its position in Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock worth $391,442,000 after buying an additional 11,890 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 worth $234,994,000 after acquiring an additional 47,593 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Company Profile

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.