What’s Propelling Enphase Energy, Inc. (ENPH) to Reach 52-Week High?

May 16, 2018 - By Darrin Black

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 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.
Tinicum owns 0.56% invested in Enphase Energy, Inc. (NASDAQ:ENPH) for 763,500 shares. Barclays Public Limited Liability Company reported 231,126 shares. Royal Bancorp Of Canada stated it has 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Amundi Pioneer Asset Incorporated holds 0% or 133,453 shares. National Bank Of Ny Mellon Corporation holds 0% in Enphase Energy, Inc. (NASDAQ:ENPH) or 29,926 shares. Tower Cap Ltd Liability Corporation (Trc) has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). Old West Invest Mgmt Ltd Liability Co holds 1.78 million shares. 22,078 are owned by Sei Investments Com. Spark Invest Mgmt Limited Com has invested 0.02% in Enphase Energy, Inc. (NASDAQ:ENPH). Bank & Trust Of America De owns 31,210 shares or 0% of their US portfolio. Two Sigma Ltd Liability Corp holds 0% in Enphase Energy, Inc. (NASDAQ:ENPH) or 44,275 shares. Ancora Advsrs Ltd Com holds 100,000 shares. Guggenheim Ltd Co holds 19,605 shares. Geode Cap Management Ltd Llc has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). Manufacturers Life Insur Com The has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH) for 2,749 shares.

Since February 15, 2018, it had 1 insider buy, and 2 sales for $212,757 activity. $132,800 worth of Enphase Energy, Inc. (NASDAQ:ENPH) was bought by Kothandaraman Badrinarayanan on Thursday, March 1. Weber John Howard also 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 $5.99 target or 3.00 % above today’s $5.82 share price. The 5 months bullish chart indicates low risk for the $563.66 million company. The 1-year high was reported on May, 16 by Barchart.com. If the $5.99 price target is reached, the company will be worth $16.91M 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 9.81% or $0.52 during the last trading session, reaching $5.82. About 3.46M shares traded or 81.85% 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 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. (NASDAQ:ENPH) Ratings Coverage

Among 7 analysts covering Enphase Energy (NASDAQ:ENPH), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enphase Energy has $8 highest and $2.4 lowest target. $5.93’s average target is 1.89% above currents $5.82 stock price. Enphase Energy had 11 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has “Hold” rating by Roth Capital given on Friday, February 23. The firm has “Buy” rating by Roth Capital given on Monday, April 16. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) has “Outperform” rating given on Wednesday, May 2 by Oppenheimer. Roth Capital maintained the stock with “Buy” rating in Wednesday, April 4 report. As per Monday, November 20, the company rating was maintained by Craig Hallum. Roth Capital upgraded the stock to “Buy” rating in Wednesday, February 28 report. The stock has “Buy” rating by Roth Capital on Thursday, March 22. FBR Capital initiated it with “Buy” rating and $600 target in Monday, March 26 report. Cowen & Co maintained the stock with “Buy” rating in Tuesday, April 24 report.

More notable recent Enphase Energy, Inc. (NASDAQ:ENPH) news were published by: Nasdaq.com which released: “Why Solar Stocks Charged Higher Thursday” on May 11, 2018, also Nasdaq.com with their article: “3 Stocks That Doubled to Start 2018” published on May 15, 2018, Seekingalpha.com published: “Enphase Energy On The Rise” on May 14, 2018. More interesting news about Enphase Energy, Inc. (NASDAQ:ENPH) were released by: Globenewswire.com and their article: “Enphase Energy Announces Chief Financial Officer Resignation” published on May 01, 2018 as well as Seekingalpha.com‘s news article titled: “Positive Karma For Enphase Energy” with publication date: April 26, 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 $563.66 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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