Weiss Ratings Reiterates Sell (D) Rating for Enphase Energy (NASDAQ:ENPH)

Enphase Energy (NASDAQ:ENPH)‘s stock had its “sell (d)” rating reiterated by analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on ENPH. Susquehanna decreased their target price on shares of Enphase Energy from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. TD Cowen decreased their target price on shares of Enphase Energy from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, July 23rd. Citigroup upped their price objective on shares of Enphase Energy from $30.00 to $32.00 and gave the stock a “sell” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 30th. Finally, Evercore ISI initiated coverage on shares of Enphase Energy in a research report on Monday, October 6th. They issued an “in-line” rating and a $40.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and thirteen have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $46.37.

Enphase Energy Trading Up 1.7%

NASDAQ ENPH opened at $36.23 on Friday. Enphase Energy has a 1 year low of $29.89 and a 1 year high of $89.95. The company has a market capitalization of $4.74 billion, a PE ratio of 28.30 and a beta of 1.56. The company has a fifty day moving average of $37.14 and a 200 day moving average of $40.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82.

Insider Buying and Selling

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $30.82 per share, with a total value of $154,100.00. Following the purchase, the chief executive officer owned 1,620,632 shares in the company, valued at $49,947,878.24. This trade represents a 0.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

Hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. raised its holdings in Enphase Energy by 83.0% in the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 258 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Enphase Energy during the 1st quarter worth approximately $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Enphase Energy by 431.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after buying an additional 514 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after buying an additional 368 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in shares of Enphase Energy by 761.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 861 shares of the semiconductor company’s stock worth $32,000 after buying an additional 761 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Company Profile

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.