Enphase Energy (NASDAQ:ENPH) Is Now Covered By H.C. Wainwright. What can We Expect?

May 16, 2018 - By Ellis Scott

Enphase Energy, Inc. (NASDAQ:ENPH) Logo

Investors sentiment increased to 3.17 in 2017 Q4. Its up 2.37, from 0.8 in 2017Q3. It improved, 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.

Weiss Asset Management Limited Partnership accumulated 0.01% or 24,090 shares. Wade G W has invested 0.01% in Enphase Energy, Inc. (NASDAQ:ENPH). Guggenheim Ltd Liability Corp stated it has 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Susquehanna Grp Ltd Liability Partnership invested in 0% or 142,675 shares. Old West Invest Management Limited Co holds 1.78M shares or 2.44% of its portfolio. Tower Research Capital Lc (Trc) accumulated 8,028 shares. Pennsylvania-based Emerald Mutual Fund Advisers has invested 0.03% in Enphase Energy, Inc. (NASDAQ:ENPH). Two Sigma Ltd Llc has invested 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Brandes Inv Prtnrs Ltd Partnership owns 46,000 shares or 0% of their US portfolio. Sei Invs Com reported 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Citigroup Incorporated owns 2,000 shares or 0% of their US portfolio. 138,428 were reported by Northern Tru. Jpmorgan Chase Co invested in 2,381 shares. 155,900 were accumulated by Spark Mngmt Limited Liability Corp. Tinicum Incorporated owns 763,500 shares for 0.56% of their portfolio.

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

Why Has H.C. Wainwright Given Enphase Energy (NASDAQ:ENPH) a $8 Price Target

H.C. Wainwright analyst has initiated coverage with a “Buy” rating on Enphase Energy (NASDAQ:ENPH) today and set a price target of $8. The company’s shares opened today at 5.82.

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 -4.12% below currents $5.82 stock price. Enphase Energy had 10 analyst reports since November 20, 2017 according to SRatingsIntel. Roth Capital maintained Enphase Energy, Inc. (NASDAQ:ENPH) on Friday, February 23 with “Hold” rating. The firm earned “Buy” rating on Wednesday, April 4 by Roth Capital. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) earned “Buy” rating by Craig Hallum on Monday, November 20. The firm has “Outperform” rating by Oppenheimer given on Wednesday, May 2. On Wednesday, February 28 the stock rating was upgraded by Roth Capital to “Buy”. The stock has “Buy” rating by Roth Capital on Thursday, March 22. The rating was initiated by FBR Capital on Monday, March 26 with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Tuesday, April 24 report. The firm has “Buy” rating by Roth Capital given on Monday, April 16.

The stock increased 9.90% or $0.52 during the last trading session, reaching $5.82. About 3.68M shares traded or 93.16% up from the average. Enphase Energy, Inc. (NASDAQ:ENPH) has risen 309.68% since May 16, 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 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., 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 $564.11 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: Globenewswire.com which released: “Enphase Energy Announces Chief Financial Officer Resignation” on May 01, 2018, also Nasdaq.com with their article: “Enphase Energy and ImagineSolar Announce Training Collaboration for Smart-Grid-Ready Solar Technology” published on May 14, 2018, Nasdaq.com published: “3 Stocks That Doubled to Start 2018” on May 15, 2018. More interesting news about Enphase Energy, Inc. (NASDAQ:ENPH) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Positive Karma For Enphase Energy” with publication date: April 26, 2018.

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

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