Enphase Energy (NASDAQ:ENPH) Raised to "Mixed" at OTR Global

Enphase Energy (NASDAQ:ENPH - Get Free Report) was upgraded by stock analysts at OTR Global from a "negative" rating to a "mixed" rating in a note issued to investors on Friday,Benzinga reports.

Several other brokerages have also issued reports on ENPH. Canaccord Genuity Group lowered shares of Enphase Energy from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Northland Securities decreased their target price on Enphase Energy from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Tuesday, November 19th. Susquehanna dropped their price target on Enphase Energy from $104.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group lowered Enphase Energy from a "hold" rating to an "underperform" rating and decreased their price objective for the company from $93.00 to $61.00 in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Enphase Energy from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $100.33.

Enphase Energy Trading Up 8.6 %

Shares of NASDAQ:ENPH traded up $5.65 during trading on Friday, hitting $71.45. 6,559,520 shares of the company's stock were exchanged, compared to its average volume of 4,030,386. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The firm has a market cap of $9.65 billion, a P/E ratio of 162.39, a PEG ratio of 22.03 and a beta of 1.69. The firm has a 50-day moving average price of $76.04 and a two-hundred day moving average price of $100.07. Enphase Energy has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy's revenue was down 30.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. Equities analysts predict that Enphase Energy will post 0.94 earnings per share for the current year.

Institutional Trading of Enphase Energy

A number of hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% in the 3rd 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 during the period. UMB Bank n.a. boosted its position in shares of Enphase Energy by 784.8% in 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 period. nVerses Capital LLC acquired a new position in shares of Enphase Energy in the third quarter valued at about $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy during the third quarter worth about $34,000. Finally, Quarry LP acquired a new stake in Enphase Energy in the 3rd quarter worth about $37,000. Institutional investors and hedge funds 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.