Enphase Energy (NASDAQ:ENPH) Rating Lowered to “Hold” at Hsbc Global Res

Enphase Energy (NASDAQ:ENPH) was downgraded by equities researchers at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other brokerages have also commented on ENPH. Morgan Stanley cut their price target on Enphase Energy from $102.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Roth Mkm cut their price target on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Piper Sandler cut their price target on Enphase Energy from $105.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Guggenheim lowered Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target on the stock. in a research note on Wednesday, October 23rd. Finally, Evercore ISI cut their price target on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $104.03.

Enphase Energy Stock Down 6.6 %

NASDAQ ENPH opened at $66.90 on Friday. 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 50 day moving average price of $100.48 and a 200-day moving average price of $109.45. Enphase Energy has a one year low of $65.66 and a one year high of $141.63. The company has a market capitalization of $9.04 billion, a P/E ratio of 152.05, a P/E/G ratio of 8.40 and a beta of 1.77.

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

Institutional Investors Weigh In On Enphase Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Chilton Capital Management LLC raised its position in Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. Avior Wealth Management LLC raised its position in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. raised its position in Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new position in Enphase Energy during the third quarter valued at approximately $34,000. Finally, Quest Partners LLC raised its position in Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

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.