Enphase Energy (NASDAQ:ENPH) PT Lowered to $226.00

Enphase Energy (NASDAQ:ENPH – Get Rating) had its price objective reduced by Barclays from $248.00 to $226.00 in a research report issued on Wednesday, The Fly reports. Barclays‘s target price indicates a potential upside of 37.31% from the company’s current price.

Several other brokerages have also weighed in on ENPH. Evercore ISI decreased their target price on shares of Enphase Energy from $325.00 to $275.00 in a research report on Wednesday, April 26th. Wells Fargo & Company cut their price target on shares of Enphase Energy from $281.00 to $230.00 in a report on Friday, April 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Enphase Energy from $280.00 to $240.00 in a report on Thursday, April 27th. 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 research note on Wednesday, February 8th. Finally, Credit Suisse Group dropped their target price on shares of Enphase Energy from $295.00 to $260.00 in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $280.48.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $164.59 on Wednesday. Enphase Energy has a 1 year low of $152.15 and a 1 year high of $339.92. The firm’s fifty day simple moving average is $186.34 and its 200 day simple moving average is $232.49. The company has a current ratio of 3.45, a quick ratio of 3.24 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $22.56 billion, a PE ratio of 48.13, a PEG ratio of 1.49 and a beta of 1.52.

Insider Activity at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang acquired 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was acquired at an average price of $156.86 per share, for a total transaction of $549,010.00. Following the acquisition, the chief financial officer now directly owns 99,043 shares in the company, valued at $15,535,884.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Enphase Energy news, Director Thurman J. Rodgers purchased 32,900 shares of Enphase Energy stock in a transaction that occurred on Wednesday, April 26th. The stock was acquired at an average price of $166.88 per share, with a total value of $5,490,352.00. Following the transaction, the director now owns 32,900 shares in the company, valued at approximately $5,490,352. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandy Yang purchased 3,500 shares of Enphase Energy stock in a transaction that occurred on Tuesday, May 2nd. The stock was acquired at an average cost of $156.86 per share, with a total value of $549,010.00. Following the transaction, the chief financial officer now owns 99,043 shares in the company, valued at approximately $15,535,884.98. The disclosure for this purchase can be found here. 4.80% of the stock is owned by company insiders.

Institutional Trading of Enphase Energy

Several hedge funds have recently bought and sold shares of the business. Regal Investment Advisors LLC grew its stake in shares of Enphase Energy by 2.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 1,328 shares of the semiconductor company’s stock worth $368,000 after acquiring an additional 34 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Enphase Energy by 5.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 910 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 43 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in Enphase Energy by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 10,650 shares of the semiconductor company’s stock valued at $2,822,000 after purchasing an additional 47 shares during the last quarter. Dakota Wealth Management lifted its holdings in Enphase Energy by 3.4% during the fourth quarter. Dakota Wealth Management now owns 1,445 shares of the semiconductor company’s stock valued at $383,000 after purchasing an additional 47 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Enphase Energy by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company’s stock valued at $1,603,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 73.79% of the company’s stock.

About Enphase Energy

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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.