Published On: Fri, Sep 23rd, 2016

Enphase Energy Inc. (ENPH) PT Lowered to $1.30 at Deutsche Bank AG

Enphase Energy Inc. (NASDAQ:ENPH) had its target price reduced by investment analysts at Deutsche Bank AG from $1.50 to $1.30 in a note issued to investors on Friday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 22.16% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of Enphase Energy in a research report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Enphase Energy in a report on Friday, July 22nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $2.00 price target on shares of Enphase Energy in a report on Thursday, August 4th. Finally, Zacks Investment Research raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.51.

Enphase Energy (NASDAQ:ENPH) traded down 26.35% during trading on Friday, reaching $1.23. The company had a trading volume of 5,425,348 shares. Enphase Energy has a 52-week low of $1.16 and a 52-week high of $5.37. The company’s market capitalization is $57.50 million. The stock has a 50 day moving average price of $1.79 and a 200-day moving average price of $2.09.

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Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, August 2nd. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.03. The company earned $79.20 million during the quarter, compared to the consensus estimate of $78.71 million. Enphase Energy had a negative return on equity of 149.67% and a negative net margin of 16.25%. Enphase Energy’s revenue for the quarter was down 22.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS. On average, equities research analysts anticipate that Enphase Energy will post ($1.08) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Menta Capital LLC raised its position in Enphase Energy by 100.7% in the first quarter. Menta Capital LLC now owns 83,092 shares of the company’s stock worth $194,000 after buying an additional 41,699 shares during the last quarter. Spark Investment Management LLC raised its position in Enphase Energy by 767.4% in the first quarter. Spark Investment Management LLC now owns 615,851 shares of the company’s stock worth $1,434,000 after buying an additional 544,851 shares during the last quarter. Geode Capital Management LLC raised its position in Enphase Energy by 22.8% in the first quarter. Geode Capital Management LLC now owns 186,624 shares of the company’s stock worth $434,000 after buying an additional 34,592 shares during the last quarter. Robecosam AG raised its position in Enphase Energy by 8.5% in the first quarter. Robecosam AG now owns 1,720,000 shares of the company’s stock worth $3,939,000 after buying an additional 135,000 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc raised its position in Enphase Energy by 42.5% in the second quarter. Guinness Atkinson Asset Management Inc now owns 208,900 shares of the company’s stock worth $416,000 after buying an additional 62,300 shares during the last quarter. 29.54% of the stock is owned by hedge funds and other institutional investors.
Enphase Energy Company Profile
Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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