Enphase Energy, Inc. (ENPH) Just Reaches 52-Week High?

March 16, 2018 - By Linda Rogers

Investors sentiment increased to 0.8 in 2017 Q3. Its up 0.18, from 0.62 in 2017Q2. It increased, 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.
Kbc Gru Inc Nv has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH). White Pine Lc has 21,000 shares. Morgan Stanley accumulated 0% or 86,647 shares. 46,000 were accumulated by Brandes Invest Prtnrs Lp. Citigroup invested in 0% or 2,000 shares. Ancora Advsr Ltd owns 100,000 shares or 0.01% of their US portfolio. Gradient Invs Ltd Liability holds 0% or 10,000 shares in its portfolio. Vanguard Gru invested in 2.10 million shares. California Public Employees Retirement System has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). State Bank Of Mellon holds 0% or 23,679 shares in its portfolio. Barclays Public Limited Com reported 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Guggenheim Capital Limited Liability Corporation has invested 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Moreover, Emerald Mutual Fund Advisers Trust has 0.02% invested in Enphase Energy, Inc. (NASDAQ:ENPH). Tinicum has invested 0.41% in Enphase Energy, Inc. (NASDAQ:ENPH). Electron Cap Ptnrs Ltd Com holds 4.31M shares.

Since February 15, 2018, it had 1 buy, and 2 selling transactions for $212,757 activity. Garcia Humberto also sold $45,031 worth of Enphase Energy, Inc. (NASDAQ:ENPH) shares. Another trade for 40,000 shares valued at $132,800 was made by Kothandaraman Badrinarayanan on Thursday, March 1.

The stock of Enphase Energy, Inc. (NASDAQ:ENPH) hit a new 52-week high and has $4.89 target or 6.00 % above today’s $4.61 share price. The 7 months bullish chart indicates low risk for the $396.08 million company. The 1-year high was reported on Mar, 16 by Barchart.com. If the $4.89 price target is reached, the company will be worth $23.76 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 increased 4.54% or $0.2 during the last trading session, reaching $4.61. About 665,983 shares traded. Enphase Energy, Inc. (NASDAQ:ENPH) has declined 60.65% since March 16, 2017 and is downtrending. It has underperformed by 77.35% the S&P500.

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 has $30 highest and $0.9000 lowest target. $3.80’s average target is -17.57% below currents $4.61 stock price. Enphase Energy Inc had 33 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, February 28 the stock rating was upgraded by Roth Capital to “Buy”. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, November 4. Deutsche Bank downgraded Enphase Energy, Inc. (NASDAQ:ENPH) rating on Tuesday, October 20. Deutsche Bank has “Sell” rating and $30 target. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) has “Hold” rating given on Tuesday, June 20 by Deutsche Bank. Deutsche Bank maintained Enphase Energy, Inc. (NASDAQ:ENPH) on Wednesday, November 4 with “Sell” rating. TH Capital maintained the stock with “Buy” rating in Monday, November 2 report. The firm has “Outperform” rating by Cowen & Co given on Thursday, September 3. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) earned “Buy” rating by Cowen & Co on Monday, October 23. The rating was maintained by JP Morgan with “Neutral” on Monday, November 2. The firm has “Mkt Outperform” rating by Avondale given on Wednesday, November 2.

More important recent Enphase Energy, Inc. (NASDAQ:ENPH) news were published by: Globenewswire.com which released: “Enphase Energy to Participate at Upcoming ROTH Investor Conference” on March 06, 2018, also Zacks.com published article titled: “Enphase Energy (ENPH) Q4 Earnings Beat, Issues Guidance”, Seekingalpha.com published: “Enphase Energy’s High IQ” on March 05, 2018. More interesting news about Enphase Energy, Inc. (NASDAQ:ENPH) was released by: Fool.com and their article: “Why Enphase Energy Inc’s Shares Popped 24% Today” with publication date: February 28, 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 $396.08 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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