How Analysts Feel About Enphase Energy, Inc. (ENPH) After Touching 52-Week High?

March 24, 2018 - By Jan Rainey

Investors sentiment increased to 0.8 in Q3 2017. Its up 0.18, from 0.62 in 2017Q2. It increased, as 12 investors sold Enphase Energy, Inc. shares while 3 reduced holdings. 4 funds opened positions while 8 raised stakes. 13.44 million shares or 4.10% less from 14.02 million shares in 2017Q2 were reported.
Wasatch Advsrs Inc invested in 753,789 shares. 20,299 were accumulated by Brown Advisory. Ancora Limited Liability Com stated it has 100,000 shares. Brandes Ptnrs Ltd Partnership has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). Moreover, Jacobs Levy Equity Mgmt has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH) for 21,594 shares. Electron Capital Prtnrs Limited Co holds 1.22% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH) for 4.31M shares. Tinicum reported 0.41% in Enphase Energy, Inc. (NASDAQ:ENPH). Morgan Stanley accumulated 86,647 shares or 0% of the stock. Guggenheim Cap Ltd Liability Corp holds 22,955 shares or 0% of its portfolio. California Pub Employees Retirement holds 0% or 37,300 shares in its portfolio. Citadel Advsr Llc holds 85,832 shares. Moreover, Gradient Investments Limited Com has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH). Savings Bank Of Ny Mellon reported 0% in Enphase Energy, Inc. (NASDAQ:ENPH). Old West Inv Limited Liability Company, a California-based fund reported 1.62 million shares. Boothbay Fund Mngmt Ltd Liability Corp has 66,535 shares for 0.02% of their portfolio.

Since February 15, 2018, it had 1 buying transaction, and 2 insider sales for $212,757 activity. $45,031 worth of Enphase Energy, Inc. (NASDAQ:ENPH) shares were sold by Garcia Humberto. The insider Kothandaraman Badrinarayanan bought $132,800.

The stock of Enphase Energy, Inc. (NASDAQ:ENPH) hit a new 52-week high and has $5.02 target or 4.00 % above today’s $4.83 share price. The 9 months bullish chart indicates low risk for the $414.99M company. The 1-year high was reported on Mar, 24 by If the $5.02 price target is reached, the company will be worth $16.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.11% or $0.1 during the last trading session, reaching $4.83. About 1.30M shares traded. Enphase Energy, Inc. (NASDAQ:ENPH) has declined 60.65% since March 24, 2017 and is downtrending. It has underperformed by 77.35% the S&P500.

Analysts await Enphase Energy, Inc. (NASDAQ:ENPH) to report earnings on May, 8. They expect $-0.06 earnings per share, up 71.43 % or $0.15 from last year’s $-0.21 per share. After $-0.03 actual earnings per share reported by Enphase Energy, Inc. for the previous quarter, Wall Street now forecasts 100.00 % negative EPS growth.

Enphase Energy, Inc. (NASDAQ:ENPH) Ratings Coverage

Among 12 analysts covering Enphase Energy Inc (NASDAQ:ENPH), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Enphase Energy Inc had 34 analyst reports since July 24, 2015 according to SRatingsIntel. Roth Capital maintained it with “Hold” rating and $2.4 target in Friday, February 23 report. Roth Capital upgraded the shares of ENPH in report on Wednesday, February 28 to “Buy” rating. The rating was maintained by JP Morgan with “Neutral” on Monday, November 2. The company was maintained on Monday, September 25 by Needham. As per Friday, September 22, the company rating was maintained by Cowen & Co. On Friday, November 3 the stock rating was maintained by Roth Capital with “Hold”. The firm earned “Buy” rating on Monday, November 2 by Roth Capital. The firm earned “Strong Buy” rating on Wednesday, August 5 by Needham. The rating was downgraded by Oppenheimer on Wednesday, February 24 to “Market Perform”. Oppenheimer upgraded the shares of ENPH in report on Wednesday, November 2 to “Outperform” rating.

Enphase Energy, Inc., together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company has market cap of $414.99 million. The company's semiconductor microinverter system converts direct current electricity to alternating current electricity at the individual solar module level. It currently has negative earnings. It also offers energy storage systems, including its AC battery; and energy monitoring and control services.

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