What’s Propelling Enphase Energy, Inc. (ENPH) to Increase So Much?

March 14, 2018 - By Vivian Currie

Investors sentiment increased to 0.8 in 2017 Q3. Its up 0.18, from 0.62 in 2017Q2. It is positive, as 12 investors sold Enphase Energy, Inc. shares while 3 reduced holdings. 4 funds opened positions while 8 raised stakes. 13.44 million shares or 4.10% less from 14.02 million shares in 2017Q2 were reported.
Wasatch Advsr Incorporated owns 753,789 shares. Guggenheim Capital Limited Liability reported 22,955 shares. Ancora Advsr Ltd Liability Com owns 0.01% invested in Enphase Energy, Inc. (NASDAQ:ENPH) for 100,000 shares. Emerald Mutual Fund Advisers holds 268,600 shares. Old West Inv Management invested in 1.29% or 1.62M shares. Royal Retail Bank Of Canada has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). The New York-based Morgan Stanley has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). Barclays Public Limited reported 5,000 shares or 0% of all its holdings. Northern reported 139,964 shares. Boothbay Fund Mngmt Lc, a New York-based fund reported 66,535 shares. Retail Bank Of Mellon Corporation reported 23,679 shares stake. Jacobs Levy Equity Management reported 21,594 shares. Citigroup holds 2,000 shares. Vanguard Gp Inc stated it has 2.10M shares or 0% of all its holdings. Merriman Wealth Mgmt Ltd Liability owns 20,000 shares for 0.01% of their portfolio.

Since February 15, 2018, it had 1 insider buy, and 2 selling transactions for $212,757 activity. On Tuesday, March 6 Weber John Howard sold $300,526 worth of Enphase Energy, Inc. (NASDAQ:ENPH) or 77,551 shares. 16,375 shares were sold by Garcia Humberto, worth $45,031.

The stock of Enphase Energy, Inc. (NASDAQ:ENPH) is a huge mover today! The stock increased 6.78% or $0.27 during the last trading session, reaching $4.25. About 2.89M shares traded or 147.58% up from the average. Enphase Energy, Inc. (NASDAQ:ENPH) has declined 60.65% since March 14, 2017 and is downtrending. It has underperformed by 77.35% the S&P500.
The move comes after 9 months positive chart setup for the $365.15 million company. It was reported on Mar, 14 by Barchart.com. We have $4.38 PT which if reached, will make NASDAQ:ENPH worth $10.95M more.

Analysts await Enphase Energy, Inc. (NASDAQ:ENPH) to report earnings on May, 8. They expect $-0.06 earnings per share, up 71.43 % or $0.15 from last year’s $-0.21 per share. After $-0.03 actual earnings per share reported by Enphase Energy, Inc. for the previous quarter, Wall Street now forecasts 100.00 % negative EPS growth.

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

Among 12 analysts covering Enphase Energy Inc (NASDAQ:ENPH), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Enphase Energy Inc had 33 analyst reports since July 24, 2015 according to SRatingsIntel. Oppenheimer downgraded the shares of ENPH in report on Wednesday, February 24 to “Market Perform” rating. Deutsche Bank upgraded Enphase Energy, Inc. (NASDAQ:ENPH) on Tuesday, June 20 to “Hold” rating. The firm earned “Outperform” rating on Wednesday, September 9 by Oppenheimer. The firm has “Buy” rating by Cowen & Co given on Monday, October 23. The rating was upgraded by Avondale on Wednesday, November 2 to “Mkt Outperform”. Roth Capital upgraded Enphase Energy, Inc. (NASDAQ:ENPH) on Wednesday, February 28 to “Buy” rating. The stock has “Hold” rating by Needham on Wednesday, November 4. The company was maintained on Monday, September 25 by Needham. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) has “Outperform” rating given on Wednesday, November 2 by Oppenheimer. The firm has “Sell” rating by Deutsche Bank given on Wednesday, November 4.

More notable recent Enphase Energy, Inc. (NASDAQ:ENPH) news were published by: Fool.com which released: “Why Enphase Energy Inc’s Shares Popped 24% Today” on February 28, 2018, also Globenewswire.com with their article: “Enphase Energy to Participate at Upcoming ROTH Investor Conference” published on March 06, 2018, Zacks.com published: “Enphase Energy (ENPH) Q4 Earnings Beat, Issues Guidance” on March 01, 2018. More interesting news about Enphase Energy, Inc. (NASDAQ:ENPH) were released by: Streetinsider.com and their article: “Enphase Energy (ENPH) and Panasonic Enter Strategic Partnership for High …” published on February 12, 2018 as well as Seekingalpha.com‘s news article titled: “Enphase Energy’s High IQ” with publication date: March 05, 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 $365.15 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.

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