StockNews.com Begins Coverage on Enphase Energy (NASDAQ:ENPH)

StockNews.com initiated coverage on shares of Enphase Energy (NASDAQ:ENPH – Get Rating) in a research note released on Thursday. The brokerage issued a hold rating on the semiconductor company’s stock.

A number of other equities research analysts have also weighed in on ENPH. Scotiabank started coverage on shares of Enphase Energy in a report on Thursday, March 2nd. They set a sector outperform rating and a $300.00 target price on the stock. Barclays boosted their target price on shares of Enphase Energy from $251.00 to $257.00 and gave the stock an equal weight rating in a report on Wednesday, February 8th. Susquehanna reduced their target price on shares of Enphase Energy from $365.00 to $275.00 and set a neutral rating on the stock in a report on Wednesday, February 8th. OTR Global lowered shares of Enphase Energy to a positive rating in a report on Tuesday, January 24th. Finally, Cowen boosted their target price on shares of Enphase Energy from $335.00 to $341.00 and gave the stock an outperform rating in a report on Wednesday, February 8th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $306.20.

Enphase Energy Trading Down 8.7 %

Shares of Enphase Energy stock opened at $183.64 on Thursday. The firm has a market capitalization of $25.07 billion, a PE ratio of 66.30, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The company has a current ratio of 3.55, a quick ratio of 3.31 and a debt-to-equity ratio of 1.45. The firm’s 50 day moving average is $217.78 and its 200 day moving average is $264.98. Enphase Energy has a 1 year low of $128.67 and a 1 year high of $339.92.

Insiders Place Their Bets

In other Enphase Energy news, Director Richard Mora sold 4,500 shares of Enphase Energy stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $214.62, for a total transaction of $965,790.00. Following the transaction, the director now owns 1,600 shares of the company’s stock, valued at approximately $343,392. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP David A. Ranhoff sold 7,500 shares of Enphase Energy stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $203.25, for a total value of $1,524,375.00. Following the sale, the executive vice president now owns 97,102 shares of the company’s stock, valued at approximately $19,735,981.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Mora sold 4,500 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $214.62, for a total value of $965,790.00. Following the transaction, the director now directly owns 1,600 shares in the company, valued at approximately $343,392. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new position in shares of Enphase Energy in the second quarter worth about $26,000. Thompson Siegel & Walmsley LLC purchased a new position in Enphase Energy during the third quarter valued at approximately $28,000. Align Wealth Management LLC purchased a new position in Enphase Energy during the fourth quarter valued at approximately $28,000. NewSquare Capital LLC purchased a new position in Enphase Energy during the fourth quarter valued at approximately $28,000. Finally, KB Financial Partners LLC purchased a new position in Enphase Energy during the first quarter valued at approximately $28,000. 73.79% of the stock is currently owned by institutional investors.

Enphase Energy Company Profile

(Get Rating)

Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.