Enphase Energy (NASDAQ:ENPH) Raised to “Neutral” at Guggenheim

Enphase Energy (NASDAQ:ENPH) was upgraded by research analysts at Guggenheim from a “sell” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat.com reports.

Several other research firms have also commented on ENPH. Morgan Stanley decreased their price objective on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. TD Cowen lowered their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday. BNP Paribas downgraded Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Friday, November 8th. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 23rd. Finally, Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.43.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $62.05 on Friday. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $69.35 and its two-hundred day moving average is $90.38. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 141.02, a PEG ratio of 7.94 and a beta of 1.68. Enphase Energy has a 12-month low of $58.33 and a 12-month high of $141.63.

Hedge Funds Weigh In On Enphase Energy

Several hedge funds and other institutional investors have recently made changes to their positions in ENPH. DDD Partners LLC lifted its holdings in Enphase Energy by 29.5% in the fourth quarter. DDD Partners LLC now owns 2,924 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 666 shares during the period. MN Wealth Advisors LLC lifted its stake in shares of Enphase Energy by 61.7% in the 4th quarter. MN Wealth Advisors LLC now owns 10,159 shares of the semiconductor company’s stock worth $698,000 after acquiring an additional 3,878 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Enphase Energy by 40.2% in the fourth quarter. V Square Quantitative Management LLC now owns 5,263 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 1,508 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Enphase Energy by 53.4% in the fourth quarter. Vontobel Holding Ltd. now owns 91,749 shares of the semiconductor company’s stock valued at $6,301,000 after acquiring an additional 31,954 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Enphase Energy by 18.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 65,310 shares of the semiconductor company’s stock worth $4,711,000 after purchasing an additional 10,398 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.