Enphase Energy (ENPH) Getting Somewhat Favorable Media Coverage, Report Finds

News articles about Enphase Energy (NASDAQ:ENPH) have trended somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Enphase Energy earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.7255464928703 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the headlines that may have effected Accern’s analysis:

A number of equities research analysts recently weighed in on the stock. HC Wainwright assumed coverage on shares of Enphase Energy in a research note on Wednesday. They issued a “buy” rating and a $8.00 target price on the stock. ValuEngine raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Zacks Investment Research downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Oppenheimer raised their target price on shares of Enphase Energy from $4.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, May 2nd. Finally, Cowen set a $6.00 target price on shares of Enphase Energy and gave the company a “buy” rating in a research note on Wednesday, April 25th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $5.25.

Shares of ENPH opened at $5.53 on Friday. The company has a market capitalization of $513.30 million, a P/E ratio of -10.24 and a beta of 0.37. The company has a current ratio of 1.43, a quick ratio of 1.25 and a debt-to-equity ratio of -1.17. Enphase Energy has a 1-year low of $5.33 and a 1-year high of $6.03.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, May 1st. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $70.00 million during the quarter, compared to analysts’ expectations of $67.06 million. During the same period in the prior year, the business earned ($0.18) earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. analysts anticipate that Enphase Energy will post -0.02 EPS for the current fiscal year.

In other Enphase Energy news, Director John Howard Weber sold 77,551 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $3.88, for a total transaction of $300,897.88. Following the transaction, the director now directly owns 27,763 shares in the company, valued at $107,720.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Badrinarayanan Kothandaraman purchased 40,000 shares of Enphase Energy stock in a transaction on Thursday, March 1st. The shares were acquired at an average price of $3.32 per share, for a total transaction of $132,800.00. Following the completion of the transaction, the chief executive officer now directly owns 80,677 shares of the company’s stock, valued at $267,847.64. The disclosure for this purchase can be found here. 13.52% of the stock is owned by company insiders.

Enphase Energy Company Profile

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's semiconductor-based microinverter system converts direct current electricity to alternating current (AC) electricity at the individual solar module level.

Insider Buying and Selling by Quarter for Enphase Energy (NASDAQ:ENPH)

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