Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $58.29 and last traded at $59.06, with a volume of 1491325 shares. The stock had previously closed at $61.19.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. OTR Global upgraded shares of Enphase Energy from a "negative" rating to a "mixed" rating in a report on Friday, December 20th. Barclays dropped their price target on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Guggenheim upgraded Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price objective for the company in a report on Friday, January 31st. Jefferies Financial Group lowered Enphase Energy from a "hold" rating to an "underperform" rating and lowered their target price for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. Finally, Truist Financial reiterated a "hold" rating and issued a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $90.42.
Read Our Latest Research Report on Enphase Energy
Enphase Energy Price Performance
The stock has a market capitalization of $7.79 billion, a P/E ratio of 78.91 and a beta of 1.68. The business has a fifty day simple moving average of $65.55 and a 200 day simple moving average of $82.85. 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 announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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, Inc. will post 2.08 earnings per share for the current year.
Institutional Trading of Enphase Energy
Several institutional investors and hedge funds have recently made changes to their positions in ENPH. Vanguard Group Inc. grew its position 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 worth $1,135,707,000 after purchasing an additional 44,782 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Enphase Energy by 32.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after buying an additional 2,028,691 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Enphase Energy by 43.4% in the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock valued at $313,034,000 after acquiring an additional 1,378,978 shares in the last quarter. Swedbank AB increased its position in shares of Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after acquiring an additional 11,890 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Enphase Energy by 1.4% during the fourth 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. Hedge funds and other institutional investors own 72.12% of the company's stock.
About Enphase Energy
(
Get Free Report)
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.
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