Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Green Alpha Advisors LLC

Green Alpha Advisors LLC lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 7.3% during the fourth quarter, Holdings Channel reports. The firm owned 6,626 shares of the semiconductor company’s stock after selling 522 shares during the period. Green Alpha Advisors LLC’s holdings in Enphase Energy were worth $455,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC raised its stake in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. grew its stake in Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares during the last quarter. nVerses Capital LLC purchased a new stake in Enphase Energy in the third quarter valued at approximately $34,000. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $34,000. Finally, Quarry LP acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ENPH. Bank of America lowered their price objective on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a research report on Thursday, November 7th. Craig Hallum lowered their price target on Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley decreased their price objective on 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. Guggenheim lowered 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, October 23rd. Finally, BNP Paribas downgraded Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target for the company. in a report on Friday, November 8th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $97.86.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $66.74 on Monday. 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 company has a market capitalization of $9.02 billion, a P/E ratio of 151.68, a price-to-earnings-growth ratio of 21.92 and a beta of 1.68. The firm has a 50-day moving average price of $70.53 and a two-hundred day moving average price of $94.11. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. During the same period last year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was down 30.9% on a year-over-year basis. As a group, research analysts expect that Enphase Energy, Inc. will post 0.94 earnings per share for the current fiscal year.

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.