Should Enphase Energy (NASDAQ:ENPH) Shares Be Watched After H.C. Wainwright Initiates Coverage?

May 17, 2018 - By Migdalia James

Enphase Energy, Inc. (NASDAQ:ENPH) Logo

Investors sentiment increased to 3.17 in Q4 2017. Its up 2.37, from 0.8 in 2017Q3. It increased, as 3 investors sold Enphase Energy, Inc. shares while 9 reduced holdings. 28 funds opened positions while 10 raised stakes. 33.84 million shares or 151.70% more from 13.44 million shares in 2017Q3 were reported.

91,575 were accumulated by Jacobs Levy Equity Mgmt Inc. Emerald Mutual Fund Advisers holds 0.03% or 268,600 shares. White Pine Lc holds 21,000 shares or 0.02% of its portfolio. Illinois-based Hightower Advsrs Llc has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). 142,675 are owned by Susquehanna Group Inc Llp. Two Sigma Secs Ltd Liability Corp holds 44,275 shares. Geode Cap Management Limited Liability Company reported 369,816 shares. Ancora Ltd Liability Co has invested 0.01% in Enphase Energy, Inc. (NASDAQ:ENPH). Brandes Ptnrs Lp has 46,000 shares for 0% of their portfolio. The Massachusetts-based Wade G W And Incorporated has invested 0.01% in Enphase Energy, Inc. (NASDAQ:ENPH). Tinicum Inc invested in 0.56% or 763,500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 44,100 shares for 0% of their portfolio. Vanguard Group invested in 2.41M shares. Group Incorporated One Trading L P owns 18,500 shares for 0% of their portfolio. Alpine Mgmt Limited Liability Corporation holds 0.03% or 54,822 shares.

Since February 15, 2018, it had 1 buy, and 2 insider sales for $212,757 activity. $132,800 worth of Enphase Energy, Inc. (NASDAQ:ENPH) was bought by Kothandaraman Badrinarayanan. Weber John Howard sold $300,526 worth of stock or 77,551 shares.

Why Has H.C. Wainwright Given Enphase Energy (NASDAQ:ENPH) a $8.0000 Price Target

Analysts at H.C. Wainwright started coverage on shares of Enphase Energy (NASDAQ:ENPH) in analysts note issued to clients on Wednesday morning. The financial firm set Buy rating on the $542.35 million market cap company.

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 $600 highest and $2.4 lowest target. $5.58’s average target is -0.36% below currents $5.6 stock price. Enphase Energy had 10 analyst reports since November 20, 2017 according to SRatingsIntel. As per Monday, November 20, the company rating was maintained by Craig Hallum. The stock has “Buy” rating by Roth Capital on Monday, April 16. As per Wednesday, February 28, the company rating was upgraded by Roth Capital. As per Tuesday, April 24, the company rating was maintained by Cowen & Co. The stock has “Hold” rating by Roth Capital on Friday, February 23. The firm has “Buy” rating given on Monday, March 26 by FBR Capital. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) has “Buy” rating given on Wednesday, April 4 by Roth Capital. Oppenheimer maintained Enphase Energy, Inc. (NASDAQ:ENPH) rating on Wednesday, May 2. Oppenheimer has “Outperform” rating and $6 target. Roth Capital maintained the shares of ENPH in report on Thursday, March 22 with “Buy” rating.

The stock increased 5.66% or $0.3 during the last trading session, reaching $5.6. About 5.21 million shares traded or 173.55% up from the average. Enphase Energy, Inc. (NASDAQ:ENPH) has risen 309.68% since May 17, 2017 and is uptrending. It has outperformed by 298.13% the S&P500.

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

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 $542.35 million. The companyÂ’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.

More notable recent Enphase Energy, Inc. (NASDAQ:ENPH) news were published by: Seekingalpha.com which released: “Enphase Energy On The Rise” on May 14, 2018, also Seekingalpha.com with their article: “Positive Karma For Enphase Energy” published on April 26, 2018, Finance.Yahoo.com published: “3 Stocks That Doubled to Start 2018” on May 16, 2018. More interesting news about Enphase Energy, Inc. (NASDAQ:ENPH) were released by: Nasdaq.com and their article: “Enphase Energy and ImagineSolar Announce Training Collaboration for Smart-Grid-Ready Solar Technology” published on May 14, 2018 as well as Benzinga.com‘s news article titled: “40 Stocks Moving In Wednesday’s Mid-Day Session” with publication date: May 16, 2018.

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

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