Enphase Energy (NASDAQ:ENPH) Upgraded by Guggenheim to Neutral Rating

Guggenheim upgraded shares of Enphase Energy (NASDAQ:ENPH) from a sell rating to a neutral rating in a research note published on Friday morning, MarketBeat.com reports. They currently have $62.00 price objective on the semiconductor company’s stock.

ENPH has been the topic of several other reports. Barclays decreased their target price on shares of Enphase Energy from $114.00 to $91.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Janney Montgomery Scott downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, October 23rd. Oppenheimer dropped their target price on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. StockNews.com upgraded Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $93.06.

Enphase Energy Trading Up 0.4 %

ENPH stock opened at $62.28 on Friday. The firm has a fifty day moving average price of $69.27 and a 200 day moving average price of $90.03. Enphase Energy has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The firm has a market cap of $8.41 billion, a PE ratio of 141.55, a price-to-earnings-growth ratio of 7.94 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16.

Institutional Trading of Enphase Energy

Several hedge funds and other institutional investors have recently made changes to their positions in ENPH. Avior Wealth Management LLC raised its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares during the last quarter. UMB Bank n.a. raised its position in shares of Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy in the 3rd quarter worth approximately $34,000. Stone House Investment Management LLC purchased a new stake in Enphase Energy during the 3rd quarter worth approximately $34,000. Finally, Quarry LP purchased a new position in shares of Enphase Energy in the third quarter worth $37,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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.