Oppenheimer analysts increased NASDAQ: ENPH objective price to $116.00 from $77.00 during the Wednesday report. They also issued a rating of “outperform” and a 17.61 percent increase of price target on Enphase Energy.
What Do Stock Market Analysts Say About NASDAQ: ENPH Stock?
ValuEngine increased NASDAQ: ENPH stock to a rating of “Buy” from a rating of “Hold” on 19th October during a Monday report. Credit Suisse Group increased their target price to $89.00 from $60.00 and issued a rating of “neutral” during the Monday report. Needham & Company LLC increased its target piece to $118.00 from $77.00 and issued a rating of “buy” during the Wednesday report. Barclays increased its Enphase Energy target price to $127.00 from $90.00 and issued a rating of “overweight” during the Wednesday report. Lastly, Zacks Investment Research increased the Enphase Energy rating to “buy” from “Hold.” They also announced its NASDAQ: ENPH price target to $52.00 on 6th July during a Monday report.
Overall, twenty stock market analysts issued ratings on NASDAQ: ENPH. Out of the twenty, six issued a rating of “hold”, thirteen issued a rating of “buy”, and one issued a rating of “strong buy.”
Currently, Enphase Energy has an average consensus of “buy” rating. The target price stands at $91.44.
On 27th October, during a Tuesday report, the company released its earnings for the quarter. As per reports, Enphase Energy (NASDAQ: ENPH) brought in $0.30 EPS for this quarter. The company’s net margin and return on equity are 23.49 percent and 34.22 percent. Stock market analysts estimate that the company will bring in $0.95 earnings per share for this FY.
How Did The Hedge Funds React To Enphase Energy Stock?
FMR LLC increased its NASDAQ: ENPH Holdings by 34.4 percent. It currently owns an estimate of $507,576,000, which comes from 10,670,090 company shares. Vanguard Group Inc also raised its NASDAQ: ENPH holdings by 15.8 percent. It currently owns an estimate of $484,165,000, which comes from 10,117,968 company shares. Sylebra Capital Ltd also increased its Enphase Energy (NASDAQ: ENPH) Holdings by 498.6 percent. It currently owns an estimate of $156,231,000, which comes from 3,284,224 company shares. State Street Corp also reused its NASDAQ: ENPH Holdings by 3.7 percent. It currently owns an estimate of $62,837,000, which comes from 1,946,008 company shares. Lastly, Electron Capital Partners LLC raised its Enphase Energy Holdings by 208.7 percent. It currently owns an estimate of $74,402,000, which comes from 1,564,053 company shares.
It should be noted that at least 68.15 percent of NASDAQ: ENPH stock is owned by stock market institutional investors.