Enphase Energy, Inc. (NASDAQ:ENPH) Short Interest Update

Enphase Energy, Inc. (NASDAQ:ENPH) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 14,700,000 shares, a growth of 6.1% from the September 30th total of 13,850,000 shares. Based on an average daily trading volume, of 3,140,000 shares, the short-interest ratio is presently 4.7 days. Approximately 11.3% of the shares of the company are short sold.

Enphase Energy Trading Up 0.6 %

NASDAQ ENPH traded up $0.50 during trading on Friday, reaching $83.54. 4,100,674 shares of the stock traded hands, compared to its average volume of 3,817,744. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $141.63. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 189.86, a price-to-earnings-growth ratio of 9.26 and a beta of 1.72. The stock’s 50-day moving average price is $105.68 and its 200 day moving average price is $110.77.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The firm had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the prior year, the company earned $0.84 EPS. Enphase Energy’s quarterly revenue was down 30.9% on a year-over-year basis. Analysts predict that Enphase Energy will post 0.92 EPS for the current year.

Institutional Trading of Enphase Energy

A number of large investors have recently bought and sold shares of the business. Impax Asset Management Group plc raised its holdings in shares of Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after acquiring an additional 31,008 shares during the period. Quintet Private Bank Europe S.A. lifted its stake in Enphase Energy by 34.9% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 173,420 shares of the semiconductor company’s stock valued at $19,600,000 after acquiring an additional 44,864 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Enphase Energy by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 54,912 shares of the semiconductor company’s stock worth $6,206,000 after acquiring an additional 190 shares during the last quarter. Emerald Advisers LLC boosted its position in Enphase Energy by 252.2% during the 3rd quarter. Emerald Advisers LLC now owns 6,770 shares of the semiconductor company’s stock worth $765,000 after acquiring an additional 4,848 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Enphase Energy by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 87,532 shares of the semiconductor company’s stock worth $9,893,000 after acquiring an additional 2,789 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ENPH. William Blair began coverage on shares of Enphase Energy in a report on Thursday, August 29th. They set a “market perform” rating for the company. Royal Bank of Canada lowered their price objective on Enphase Energy from $100.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. The Goldman Sachs Group cut their target price on Enphase Energy from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Northland Securities lowered their price target on Enphase Energy from $150.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Raymond James cut their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $111.26.

About Enphase Energy

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.