Barclays Has Lowered Expectations for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its price target decreased by equities research analysts at Barclays from $91.00 to $86.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s target price suggests a potential upside of 35.37% from the stock’s previous close.

ENPH has been the subject of a number of other reports. HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Royal Bank of Canada reduced their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets reduced their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a research report on Wednesday. Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $82.00 in a research report on Wednesday. Finally, Northland Securities reduced their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Trading Down 4.5 %

Shares of ENPH opened at $63.53 on Thursday. The firm’s fifty day moving average is $68.61 and its two-hundred day moving average is $88.50. 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 stock has a market cap of $8.58 billion, a PE ratio of 144.39, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. Enphase Energy has a 52-week low of $58.33 and a 52-week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Research analysts forecast that Enphase Energy will post 0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of ENPH. Avior Wealth Management LLC increased its holdings 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 purchasing an additional 279 shares in the last quarter. UMB Bank n.a. increased its position 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 period. nVerses Capital LLC bought a new position in shares of Enphase Energy during the third quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy in the third quarter valued at about $34,000. Finally, Quarry LP acquired a new position in shares of Enphase Energy during the 3rd quarter worth $37,000. 72.12% of the stock is owned by institutional investors.

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.