Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $101.00 at Craig Hallum

Enphase Energy (NASDAQ:ENPH) had its price target dropped by investment analysts at Craig Hallum from $123.00 to $101.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective would indicate a potential upside of 49.44% from the company’s current price.

A number of other analysts have also recently issued reports on ENPH. BMO Capital Markets cut their price objective on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a research report on Wednesday. Hsbc Global Res lowered Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada lowered their target price on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. Canaccord Genuity Group lowered Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their target price on Enphase Energy from $101.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $91.19.

Enphase Energy Stock Up 2.0 %

NASDAQ ENPH traded up $1.34 during trading hours on Wednesday, hitting $67.59. 4,078,306 shares of the company traded hands, compared to its average volume of 3,683,722. The business’s 50-day moving average is $69.02 and its 200-day moving average is $89.11. Enphase Energy has a twelve month low of $58.33 and a twelve month high of $141.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 154.23, a P/E/G ratio of 8.22 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Sell-side analysts anticipate that Enphase Energy will post 0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ENPH. Avior Wealth Management LLC raised its position in shares of Enphase Energy by 6,975.0% in 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. increased its position in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC bought a new stake in Enphase Energy in the 3rd quarter valued at about $34,000. Stone House Investment Management LLC bought a new stake in Enphase Energy in the 3rd quarter valued at about $34,000. Finally, Quarry LP bought a new stake in Enphase Energy in the 3rd quarter valued at about $37,000. 72.12% of the stock is 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.