StockNews.com Lowers Enphase Energy (NASDAQ:ENPH) to Sell

StockNews.com cut shares of Enphase Energy (NASDAQ:ENPHFree Report) from a hold rating to a sell rating in a report issued on Wednesday.

Several other equities analysts have also weighed in on the stock. Craig Hallum cut their price objective on shares of Enphase Energy from $190.00 to $113.00 and set a buy rating on the stock in a research report on Friday, October 27th. Roth Mkm cut their price objective on shares of Enphase Energy from $150.00 to $140.00 and set a buy rating on the stock in a research report on Thursday, February 1st. HSBC lowered shares of Enphase Energy from a buy rating to a hold rating and set a $86.00 price objective on the stock. in a research report on Friday, October 27th. Scotiabank lowered shares of Enphase Energy from a sector outperform rating to a sector perform rating and set a $140.00 price objective on the stock. in a research report on Thursday, October 19th. Finally, Mizuho raised their price objective on shares of Enphase Energy from $131.00 to $150.00 and gave the company a buy rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $158.23.

View Our Latest Stock Report on Enphase Energy

Enphase Energy Stock Performance

ENPH stock opened at $122.47 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.13 and a current ratio of 4.59. The stock has a market cap of $16.72 billion, a P/E ratio of 40.02, a P/E/G ratio of 3.23 and a beta of 1.48. The firm has a 50 day simple moving average of $115.40 and a 200 day simple moving average of $116.14. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $231.42.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 1,118 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $90.23 per share, for a total transaction of $100,877.14. Following the completion of the purchase, the chief executive officer now directly owns 1,272,015 shares of the company’s stock, valued at $114,773,913.45. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

A number of institutional investors have recently bought and sold shares of ENPH. Geneos Wealth Management Inc. boosted its stake in Enphase Energy by 1,400.0% during the second quarter. Geneos Wealth Management Inc. now owns 150 shares of the semiconductor company’s stock worth $25,000 after buying an additional 140 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in shares of Enphase Energy by 278.0% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 155 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 114 shares in the last quarter. Bogart Wealth LLC acquired a new stake in shares of Enphase Energy in the 4th quarter valued at $26,000. KB Financial Partners LLC acquired a new stake in shares of Enphase Energy in the 1st quarter valued at $28,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of Enphase Energy in the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 71.05% 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 services.

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