Enphase Energy (NASDAQ:ENPH) Earns Sell Rating from Glj Research

Enphase Energy (NASDAQ:ENPHGet Free Report)‘s stock had its “sell” rating reissued by Glj Research in a research report issued on Tuesday,Benzinga reports. They presently have a $50.69 target price on the semiconductor company’s stock. Glj Research’s price target would indicate a potential downside of 24.17% from the stock’s current price.

A number of other brokerages have also recently commented on ENPH. BNP Paribas cut Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research report on Friday, November 8th. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 23rd. Jefferies Financial Group downgraded shares of Enphase Energy from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. Morgan Stanley dropped their price target on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $93.22.

View Our Latest Stock Report on Enphase Energy

Enphase Energy Trading Up 4.6 %

Shares of NASDAQ ENPH traded up $2.94 during midday trading on Tuesday, reaching $66.85. The company had a trading volume of 1,566,584 shares, compared to its average volume of 3,415,468. The stock has a market cap of $9.03 billion, a PE ratio of 151.92, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The firm’s fifty day moving average price is $69.11 and its 200-day moving average price is $89.39. Enphase Energy has a one year low of $58.33 and a one year high of $141.63.

Hedge Funds Weigh In On Enphase Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. raised its holdings in shares of Enphase Energy by 10.2% during the 2nd quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 118 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in Enphase Energy by 19.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 125 shares during the period. Empirical Finance LLC raised its stake in Enphase Energy by 3.9% during the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 137 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Enphase Energy by 5.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock valued at $354,000 after buying an additional 153 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Enphase Energy by 19.1% during the third quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 174 shares during the period. 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.

Further Reading

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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