Barclays Issues Pessimistic Forecast for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its price target trimmed by Barclays from $91.00 to $86.00 in a report issued on Thursday,Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.

Several other equities research analysts have also recently weighed in on ENPH. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. HSBC lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Evercore ISI decreased their price objective on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Oppenheimer upped their price target on shares of Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Glj Research restated a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Price Performance

Enphase Energy stock opened at $66.51 on Thursday. The firm has a market capitalization of $8.99 billion, a P/E ratio of 151.16, a PEG ratio of 8.22 and a beta of 1.68. Enphase Energy has a one year low of $58.33 and a one year high of $141.63. The business has a fifty day moving average price of $68.77 and a 200-day moving average price of $88.79. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. As a group, equities research analysts forecast that Enphase Energy will post 0.92 EPS for the current year.

Institutional Trading of Enphase Energy

Large investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC lifted 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 valued at $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy in the third quarter worth about $34,000. Stone House Investment Management LLC bought a new stake in Enphase Energy during the third quarter worth approximately $34,000. Finally, Quarry LP acquired a new position in Enphase Energy in the 3rd quarter valued at $37,000. 72.12% of the stock is currently 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.