Enphase Energy (NASDAQ:ENPH) Cut to Neutral at Janney Montgomery Scott

Janney Montgomery Scott lowered shares of Enphase Energy (NASDAQ:ENPH) from a buy rating to a neutral rating in a research report report published on Wednesday, MarketBeat reports. They currently have $83.00 price target on the semiconductor company’s stock.

ENPH has been the topic of a number of other reports. Barclays decreased their target price on Enphase Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. 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 report on Monday, October 14th. Royal Bank of Canada downgraded shares of Enphase Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $125.00 to $100.00 in a research note on Tuesday, October 15th. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price on the stock. in a report on Wednesday. Finally, William Blair assumed coverage on shares of Enphase Energy in a research report on Thursday, August 29th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $111.26.

Enphase Energy Trading Up 3.4 %

Shares of ENPH stock opened at $83.83 on Wednesday. The stock has a fifty day simple moving average of $108.44 and a two-hundred day simple moving average of $111.79. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $141.63. The firm has a market capitalization of $11.41 billion, a PE ratio of 43.66, a PEG ratio of 5.57 and a beta of 1.72. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same period last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was down 30.9% compared to the same quarter last year. On average, analysts predict that Enphase Energy will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Enphase Energy

Several large investors have recently modified their holdings of ENPH. Manchester Capital Management LLC increased its holdings in Enphase Energy by 1,068.4% during the first 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 during the period. Chilton Capital Management LLC increased 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 acquiring an additional 246 shares during the period. UMB Bank n.a. raised its position 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 worth $33,000 after acquiring an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Enphase Energy during the 3rd quarter worth $34,000. Finally, Quest Partners LLC boosted its position in Enphase Energy by 11,525.0% during the second 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. Institutional investors 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.