Where Enphase Energy Inc (ENPH) Stands on Analytical Review Chart?

Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company.

Previously Enphase Energy Inc (NASDAQ:ENPH) reported $-0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $-0.08 by $0. Enphase Energy, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO Nahi Paul B has sold 4,410 shares of Enphase Energy, Inc.

In terms of Buy, Sell or Hold recommendations, Enphase Energy Inc (NASDAQ:ENPH) has analysts' mean recommendation of 2.4.

Investors are more bullish on Enphase Energy, Inc. lately if you take into consideration the fall in short interest. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ENPH is a Strong buy, which implies that ENPH is expected to outperform the market based on prior trading patterns.

A number of hedge funds have recently made changes to their positions in ENPH. First Trust Advisors LP acquired a new stake in shares of Enphase Energy in the 1st quarter valued at $111,000.

Enphase Energy Inc (NASDAQ:ENPH) 52-week high price stands at $2.03 and low price stands at $0.65, its price distance from 52-week high is -25.12% while its distance from 52-week low price is 133.81%. Renaissance Technologies LLC lifted its stake in shares of Enphase Energy by 28.2% in the 1st quarter. KBC Group NV lifted its position in Enphase Energy by 40.8% during the 1st quarter. Finally, Gilder Gagnon Howe & Co. As of quarter end Old West Investment Management, LLC had disposed of 12,008 shares trimming its position 1.1%. If you are reading this story on another domain, it was copied illegally and republished in violation of U.S. & global trademark & copyright laws. The Chemical Bank holds 36,907 shares with $1.11M value, down from 69,732 last quarter. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright legislation. About 4.28M shares traded. It turned negative, as 12 investors sold Enphase Energy Inc shares while 14 reduced holdings.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.08) by ($0.01). The company had revenue of $74.70 million for the quarter, compared to analysts' expectations of $74.48 million.

On the other hand the company has Relative Strength Index (RSI 14) of 78.66 along with Average True Range (ATR 14) of 0.11, Consequently Enphase Energy Inc (NASDAQ:ENPH)'s weekly and monthly volatility is 12.96%, 9.06% respectively. Millennium Mngmt Ltd Llc invested 0% in Enphase Energy Inc (NASDAQ:ENPH). K2 Principal Fund, L.p. now owns 440,810 shares with a value of $381,000.

Several analysts have released their opinion on Enphase Energy, Inc. They expect $0.42 earnings per share, 0.00% or $0.00 from last year's $0.42 per share.

Hitesh Doshi, chairman and managing director at Waaree Energies, added: "The attachment of Waaree solar PV modules with the Enphase microinverter system is a significant win for installers and customers".

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