Enphase Energy (ENPH) Given a $14.00 Price Target at Roth Capital

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Roth Capital set a $14.00 price target on Enphase Energy (NASDAQ:ENPH) in a report published on Thursday. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other analysts have also commented on ENPH. Zacks Investment Research raised shares of Enphase Energy from a hold rating to a buy rating and set a $10.00 price objective for the company in a research note on Friday, March 1st. BidaskClub raised shares of Enphase Energy from a buy rating to a strong-buy rating in a research note on Thursday, February 28th. Cowen upped their price objective on shares of Enphase Energy from $6.75 to $8.50 and gave the company an in-line rating in a research note on Thursday, February 21st. TheStreet raised shares of Enphase Energy from a d+ rating to a c- rating in a research note on Wednesday, November 28th. Finally, HC Wainwright reaffirmed a buy rating and set a $12.00 price objective (up from $9.00) on shares of Enphase Energy in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $9.50.

NASDAQ ENPH traded down $0.19 on Thursday, reaching $9.19. The company’s stock had a trading volume of 1,662,108 shares, compared to its average volume of 2,632,025. Enphase Energy has a twelve month low of $3.70 and a twelve month high of $9.70. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 10.50. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -76.58 and a beta of 1.46.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 26th. The semiconductor company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $92.20 million for the quarter, compared to the consensus estimate of $85.40 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, research analysts predict that Enphase Energy will post 0.21 earnings per share for the current year.

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $8.74 per share, for a total transaction of $87,400.00. Following the acquisition, the chief executive officer now directly owns 143,839 shares of the company’s stock, valued at $1,257,152.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Mora sold 70,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $9.09, for a total value of $636,300.00. Following the completion of the transaction, the director now owns 109,788 shares in the company, valued at approximately $997,972.92. The disclosure for this sale can be found here. Insiders sold a total of 160,935 shares of company stock worth $1,459,403 in the last quarter. 13.52% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Enphase Energy by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 896,172 shares of the semiconductor company’s stock valued at $4,238,000 after purchasing an additional 79,874 shares during the period. HRT Financial LLC increased its holdings in shares of Enphase Energy by 32.1% in the 4th quarter. HRT Financial LLC now owns 29,246 shares of the semiconductor company’s stock valued at $138,000 after purchasing an additional 7,105 shares during the period. Tenzing Global Management LLC increased its holdings in shares of Enphase Energy by 0.7% in the 4th quarter. Tenzing Global Management LLC now owns 3,775,000 shares of the semiconductor company’s stock valued at $17,856,000 after purchasing an additional 25,000 shares during the period. Park West Asset Management LLC increased its holdings in shares of Enphase Energy by 18.8% in the 4th quarter. Park West Asset Management LLC now owns 4,487,779 shares of the semiconductor company’s stock valued at $21,227,000 after purchasing an additional 709,870 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Enphase Energy by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 30,033 shares of the semiconductor company’s stock valued at $142,000 after purchasing an additional 23,456 shares during the period. Institutional investors own 43.03% of the company’s stock.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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