Enphase Energy, Inc. (ENPH) Stock Price Hits 52-Week High Today

June 15, 2018 - By Adrian Erickson

Enphase Energy, Inc. (NASDAQ:ENPH) Logo

Investors sentiment decreased to 2.53 in Q1 2018. Its down 0.64, from 3.17 in 2017Q4. It dived, as 10 investors sold Enphase Energy, Inc. shares while 9 reduced holdings. 22 funds opened positions while 26 raised stakes. 23.79 million shares or 29.68% less from 33.84 million shares in 2017Q4 were reported.
Laurion Capital Mngmt L P invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). 157,113 were accumulated by Northern Tru. Goldman Sachs Gru invested in 0% or 501,809 shares. Morgan Stanley reported 53,477 shares. 15,680 were accumulated by Raymond James Financial. Millennium Limited Co has invested 0.01% in Enphase Energy, Inc. (NASDAQ:ENPH). Geode Llc reported 0% stake. Menta Ltd Liability Company accumulated 125,479 shares. Ancora Advsr Limited Liability Company stated it has 0.02% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Renaissance Tech holds 233,911 shares. 111,985 are owned by Barclays Pcl. Moreover, Macquarie Grp Incorporated has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH). New York-based Jane Street Gp Limited Liability Company has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). San Francisco Sentry Inv Group Inc (Ca) accumulated 2,500 shares or 0% of the stock. Susquehanna International Grp Ltd Liability Partnership has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH) for 625,604 shares.

Since February 15, 2018, it had 1 insider purchase, and 2 sales for $212,757 activity. On Thursday, March 1 the insider Kothandaraman Badrinarayanan bought $132,800. Weber John Howard sold $300,526 worth of Enphase Energy, Inc. (NASDAQ:ENPH) on Tuesday, March 6.

The stock of Enphase Energy, Inc. (NASDAQ:ENPH) hit a new 52-week high and has $6.32 target or 5.00 % above today’s $6.02 share price. The 6 months bullish chart indicates low risk for the $583.03 million company. The 1-year high was reported on Jun, 15 by Barchart.com. If the $6.32 price target is reached, the company will be worth $29.15 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 decreased 6.52% or $0.42 during the last trading session, reaching $6.02. About 4.30M shares traded or 66.51% up from the average. Enphase Energy, Inc. (NASDAQ:ENPH) has risen 671.35% since June 15, 2017 and is uptrending. It has outperformed by 658.78% the S&P500.

Analysts await Enphase Energy, Inc. (NASDAQ:ENPH) to report earnings on August, 14. They expect $-0.01 earnings per share, up 88.89 % or $0.08 from last year’s $-0.09 per share. After $-0.06 actual earnings per share reported by Enphase Energy, Inc. for the previous quarter, Wall Street now forecasts -83.33 % EPS growth.

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

Among 6 analysts covering Enphase Energy (NASDAQ:ENPH), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enphase Energy has $8 highest and $2.4 lowest target. $6.50’s average target is 7.97% above currents $6.02 stock price. Enphase Energy had 11 analyst reports since February 23, 2018 according to SRatingsIntel. FBR Capital maintained the shares of ENPH in report on Wednesday, June 13 with “Buy” rating. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) earned “Buy” rating by FBR Capital on Monday, March 26. The rating was maintained by Roth Capital on Thursday, March 22 with “Buy”. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, May 2. The firm earned “Buy” rating on Tuesday, April 24 by Cowen & Co. The rating was maintained by Roth Capital on Wednesday, April 4 with “Buy”. The firm has “Buy” rating by Roth Capital given on Wednesday, February 28. Roth Capital maintained Enphase Energy, Inc. (NASDAQ:ENPH) rating on Friday, February 23. Roth Capital has “Hold” rating and $2.4 target. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) earned “Buy” rating by Roth Capital on Monday, April 16.

More notable recent Enphase Energy, Inc. (NASDAQ:ENPH) news were published by: Seekingalpha.com which released: “Enphase Energy adds former Tesla exec Branderiz as new CFO” on June 04, 2018, also Nasdaq.com with their article: “Mid-Day Market Update: Pivotal Software Gains Following Q1 Results; Flex Pharma Shares Slide” published on June 13, 2018, Globenewswire.com published: “Enphase Energy Announces 4.5MW Solar Installation in India” on May 29, 2018. More interesting news about Enphase Energy, Inc. (NASDAQ:ENPH) were released by: Globenewswire.com and their article: “Enphase Energy to Participate at ROTH London Investor Conference” published on June 14, 2018 as well as Streetinsider.com‘s news article titled: “After-Hours Stock Movers 06/12: (ENPH) (FOXA) (TWX) Higher; (VTVT) (HRB) (OXM) Lower (more…)” with publication date: June 12, 2018.

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 $583.03 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.

Enphase Energy, Inc. (NASDAQ:ENPH) Institutional Positions Chart

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