Enphase Energy (NASDAQ:ENPH) PT Lowered to $169.00

Enphase Energy (NASDAQ:ENPH) had its target price dropped by JPMorgan Chase & Co. from $199.00 to $169.00 in a report issued on Friday, FlyOnTheWall reports. JPMorgan Chase & Co.‘s price objective points to a potential upside of 38.17% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. StockNews.com initiated coverage on Enphase Energy in a report on Thursday, August 17th. They set a “hold” rating for the company. The Goldman Sachs Group decreased their price objective on Enphase Energy from $250.00 to $217.00 and set a “buy” rating for the company in a report on Monday, July 31st. KeyCorp decreased their price objective on Enphase Energy from $267.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, August 17th. Barclays decreased their price objective on Enphase Energy from $221.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, July 28th. Finally, Piper Sandler decreased their price objective on Enphase Energy from $210.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Enphase Energy currently has an average rating of “Moderate Buy” and an average target price of $235.52.

Enphase Energy Trading Up 2.3 %

Shares of ENPH opened at $122.31 on Friday. The company has a quick ratio of 3.22, a current ratio of 3.44 and a debt-to-equity ratio of 1.23. Enphase Energy has a 12-month low of $118.14 and a 12-month high of $339.92. The firm has a market capitalization of $16.68 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52. The stock’s fifty day simple moving average is $145.56 and its 200-day simple moving average is $171.83.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Thursday, July 27th. The semiconductor company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.21. Enphase Energy had a return on equity of 71.20% and a net margin of 20.48%. The firm had revenue of $711.12 million for the quarter, compared to analyst estimates of $726.94 million. As a group, research analysts predict that Enphase Energy will post 3.77 earnings per share for the current year.

Institutional Trading of Enphase Energy

Several institutional investors have recently added to or reduced their stakes in ENPH. Agur Provident & Training Funds Management Ltd. bought a new stake in Enphase Energy in the 1st quarter valued at $25,000. Geneos Wealth Management Inc. boosted its stake in Enphase Energy by 1,400.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 150 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 140 shares during the period. GPS Wealth Strategies Group LLC bought a new stake in shares of Enphase Energy during the 1st quarter valued at $26,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Enphase Energy by 278.0% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 155 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 114 shares during the period. Finally, KB Financial Partners LLC bought a new stake in shares of Enphase Energy during the 1st quarter valued at $28,000. 71.05% of the stock is currently owned by institutional investors.

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 services.