Oppenheimer Holdings Weighs in on Enphase Energy, Inc.’s Q2 2018 Earnings (ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) – Analysts at Oppenheimer Holdings issued their Q2 2018 earnings estimates for Enphase Energy in a research report issued on Tuesday. Oppenheimer Holdings analyst C. Rusch anticipates that the semiconductor company will post earnings per share of $0.01 for the quarter.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Enphase Energy had a negative net margin of 18.66% and a negative return on equity of 1,975.02%. The firm had revenue of $77.00 million during the quarter, compared to analyst estimates of $77.13 million. During the same period last year, the business earned ($0.28) earnings per share. The business’s revenue was down 13.2% on a year-over-year basis.

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Other equities analysts have also issued reports about the stock. Cowen and Company restated a “buy” rating and issued a $2.00 price objective on shares of Enphase Energy in a report on Sunday, September 24th. Needham & Company LLC restated a “hold” rating on shares of Enphase Energy in a report on Tuesday, September 26th. ValuEngine upgraded shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, Zacks Investment Research lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Enphase Energy has a consensus rating of “Hold” and a consensus price target of $1.56.

Enphase Energy (NASDAQ:ENPH) opened at $1.96 on Friday. Enphase Energy has a 1-year low of $0.65 and a 1-year high of $2.10. The company has a debt-to-equity ratio of -17.39, a current ratio of 1.92 and a quick ratio of 1.59.

Several hedge funds have recently modified their holdings of the company. Northern Trust Corp grew its position in shares of Enphase Energy by 4.6% during the 2nd quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 5,479 shares during the period. First Trust Advisors LP boosted its holdings in Enphase Energy by 55.4% in the 2nd quarter. First Trust Advisors LP now owns 125,973 shares of the semiconductor company’s stock worth $109,000 after buying an additional 44,908 shares during the period. K2 Principal Fund L.P. boosted its holdings in Enphase Energy by 14.9% in the 3rd quarter. K2 Principal Fund L.P. now owns 506,570 shares of the semiconductor company’s stock worth $770,000 after buying an additional 65,760 shares during the period. Vanguard Group Inc. boosted its holdings in Enphase Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock worth $1,678,000 after buying an additional 84,549 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Enphase Energy by 28.2% in the 1st quarter. Renaissance Technologies LLC now owns 523,033 shares of the semiconductor company’s stock worth $717,000 after buying an additional 114,900 shares during the period. 18.80% of the stock is owned by hedge funds and other institutional investors.

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 40,677 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $1.78 per share, with a total value of $72,405.06. Following the transaction, the chief executive officer now directly owns 40,677 shares in the company, valued at approximately $72,405.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 17.37% of the company’s stock.

Enphase Energy Company Profile

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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