According to Stock Target Advisor, Enphase Energy, Inc. (ENPH:NSD) has been given an average recommendation of “Strong Buy” by 31 analysts who cover the company. Out of these, 18 analysts have assigned a buy rating while seven have assigned a hold rating. In the last year, the average target price set by analysts who have issued a report on the ENPH stock is $303.92.
ENPH Stock-Analyst Ratings:
Recently, Raymond James raised Enphase Energy’s rating from “market perform” to “outperform” and set a target price of $225.00 on March 20th.
Additionally, Citigroup raised their target price on the ENPH stock from $205.00 to $285.00 and assigned a “buy” rating on March 10th.
Cowen raised their target price on Enphase Energy’s stock from $335.00 to $341.00 and gave it an “outperform” rating on February 8th.
On March 2nd, Scotiabank began covering Enphase Energy’s stock and gave it a “sector outperform” rating with a $300.00 target price.
Lastly, on February 27th, Janney Montgomery Scott upgraded Enphase Energy from a “neutral” rating to a “buy” rating with a $282.00 price target.
ENPH Stock Price Analysis:
As of Wednesday, ENPH opened at $202.54 on the NASDAQ. It has a market capitalization of $27.65 billion, a P/E ratio of 73.12, a PEG ratio of 1.18, and a beta of 1.54. Enphase Energy has a 1-year low of $128.67 and a 1-year high of $339.92.
The company has a debt-to-equity ratio of 1.45, a current ratio of 3.55, and a quick ratio of 3.31. Its 50-day moving average price is $209.62, while its 200-day moving average price is $256.23.
In terms of insider activity, Director Richard Mora sold 4,500 shares of the stock on March 3rd, with an average price of $214.62, totaling $965,790.00. Following the sale, the director now owns 1,600 shares of the ENPH stock valued at $343,392.
Additionally, EVP David A. Ranhoff sold 7,500 shares of the company’s stock on February 21st, at an average price of $203.25, for a total transaction of $1,524,375.00. Following the sale, the executive vice president now owns 97,102 shares of the company’s stock valued at $19,735,981.50. Insiders own 4.80% of the ENPH stock.
Hedge Funds & Institutional Holdings:
Institutional investors and hedge funds have shown a great deal of interest in Enphase Energy stock in recent months. Vanguard Group Inc. increased its stake in the semiconductor company by 2.3% in the third quarter of last year, now holding 15,387,471 shares worth $4,269,562,000.
Geode Capital Management LLC lifted its stake in Enphase Energy by 2.7% in the fourth quarter, now owning 2,846,187 shares worth $752,817,000.
Two Sigma Advisers LP also increased its position in shares of Enphase Energy by 850.3% in the third quarter, now holding 1,418,909 shares worth $393,705,000.
Jennison Associates LLC also increased its holdings in Enphase Energy by 46.0% in the fourth quarter, now owning 1,300,019 shares worth $344,453,000. Overall, 73.79% of the ENPH stock is owned by institutional investors and hedge funds.
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 services. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.