Enphase Energy (NASDAQ:ENPH) Lowered to Neutral at Susquehanna

Enphase Energy (NASDAQ:ENPH - Get Free Report) was downgraded by equities researchers at Susquehanna from a "positive" rating to a "neutral" rating in a research note issued on Wednesday, Marketbeat.com reports. They presently have a $104.00 price objective on the semiconductor company's stock, down from their prior price objective of $147.00. Susquehanna's price target would indicate a potential upside of 11.67% from the company's current price.

Several other equities analysts have also recently weighed in on the stock. Bank of America raised their target price on shares of Enphase Energy from $82.00 to $84.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. Canaccord Genuity Group cut their target price on shares of Enphase Energy from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. Piper Sandler raised their target price on shares of Enphase Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, July 22nd. BMO Capital Markets cut their target price on shares of Enphase Energy from $114.00 to $104.00 and set a "market perform" rating for the company in a research note on Monday. Finally, Craig Hallum raised their target price on shares of Enphase Energy from $147.00 to $153.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Enphase Energy currently has an average rating of "Hold" and a consensus price target of $123.49.

Enphase Energy Price Performance

Shares of ENPH stock traded up $1.09 on Wednesday, hitting $93.13. 3,421,204 shares of the stock traded hands, compared to its average volume of 3,725,326. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 5.57 and a beta of 1.72. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $141.63. The firm has a 50 day simple moving average of $112.12 and a two-hundred day simple moving average of $113.34. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The firm had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm's revenue for the quarter was down 57.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 earnings per share. As a group, equities research analysts predict that Enphase Energy will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enphase Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC lifted its holdings in Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company's stock valued at $27,000 after buying an additional 203 shares in the last quarter. Chilton Capital Management LLC raised its holdings in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 259 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 461 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Enphase Energy by 1,727.6% in the 2nd quarter. Mather Group LLC. now owns 530 shares of the semiconductor company's stock valued at $53,000 after purchasing an additional 501 shares in the last quarter. Institutional investors own 72.12% of the company's stock.

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.