Enphase Energy Inc (NASDAQ:ENPH) Director Richard Mora sold 60,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $31.03, for a total value of $1,861,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ ENPH opened at $34.83 on Thursday. Enphase Energy Inc has a fifty-two week low of $3.70 and a fifty-two week high of $35.09. The firm’s 50-day simple moving average is $24.92 and its 200 day simple moving average is $15.04. The company has a quick ratio of 2.30, a current ratio of 2.44 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.13 billion, a P/E ratio of -290.25 and a beta of 1.01.
Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09. Enphase Energy had a net margin of 2.63% and a return on equity of 31.17%. The business had revenue of $134.09 million for the quarter, compared to analysts’ expectations of $120.36 million. During the same period in the previous year, the business earned $0.02 earnings per share. The company’s revenue was up 76.7% on a year-over-year basis. On average, sell-side analysts anticipate that Enphase Energy Inc will post 0.54 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. TheStreet upgraded Enphase Energy from a “c” rating to a “b-” rating in a research note on Tuesday, May 21st. HC Wainwright upgraded Enphase Energy from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, July 31st. Roth Capital raised their target price on Enphase Energy from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, July 29th. B. Riley reiterated a “buy” rating and issued a $21.00 target price on shares of Enphase Energy in a research note on Wednesday, June 12th. Finally, Northland Securities assumed coverage on Enphase Energy in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company’s stock. Enphase Energy presently has a consensus rating of “Buy” and an average price target of $32.25.
About Enphase Energy
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.
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