Coverage Initiated by Needham & Company LLC for Enphase Energy (NASDAQ:ENPH)

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Stock analysts at Needham & Company LLC initiated coverage on shares of  Enphase Energy (NASDAQ:ENPH) in a report issued on Monday. The brokerage set a Buy rating on the Oils/Energy stock. A price-to-earnings ratio of 28.05 and a beta of 1.13. Enphase Energy has a twelve month low $17.18 of  and a twelve month high of $70.36.

Shares of Enphase Energy traded up $1.97 on Monday, reaching $47.27. 1535669 shares of the stock traded hands, compared to its average volume of 8894436. Shares of Enphase Energy were trading at $47.27 on Monday mid-day. The firm’s 50 day moving average is $$50.63 and its 200 day moving average is $35.25.Enphase Energy  has a 12 month low of $45.21 and a 12 month high of $70.36. While on yearly highs and lows, Enphase Energy’s today has traded high as $47.42 and has touched $45.21 on the downward trend. See More Analyst Rating at: RATING

Enphase Energy Earnings and What to expect: 

Enphase Energy last announced its quarterly earnings results on May 5th, 2020. The semiconductor company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.14. The firm earned $205.50 million during the quarter, compared to analyst estimates of $203.31 million. Its quarterly revenue was up 105.3% compared to the same quarter last year. Enphase Energy has generated $0.67 earnings per share over the last year and currently has a price-to-earnings ratio of 26.8. Enphase Energy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for Enphase Energy are expected to grow by 51.25% in the coming year, from $0.80 to $1.21 per share. The P/E ratio of Enphase Energy is 26.80, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.03. The P/E ratio of Enphase Energy is 26.80, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.15. Enphase Energy has a P/B Ratio of 20.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 7.10%
  • On 6/15/2020 Director Benjamin John Kortlang Sell 180,000 at average share price of $50.23 which equates to $9,041,400.00 in money value.
  • On 6/11/2020 Director Thurman J Rodgers Sell 2,000,000 at average price of  $48.63 with total value of : Not Data Available
  • On 6/8/2020 Director Thurman J Rodgers Sell 1,477 at average price of  $52.50 with total value of : $77,542.50

Analyt at Needham & Company LLC other ratings :

  • 6/29/2020 – Legend Biotech is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $40.00 price target on the stock.
  • 6/26/2020 – Zogenix had its price target lowered by analysts at Needham & Company LLC from $50.00 to $48.00. They now have a “buy” rating on the stock.
  • 6/26/2020 – Aerie Pharmaceuticals is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $38.00 price target on the stock.
  • 6/26/2020 – Collegium Pharmaceutical is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $36.00 price target on the stock.

Latest rating for Enphase Energy by other brokers:

  • 6/23/2020 – Enphase Energy was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/22/2020 – Enphase Energy had its price target raised by analysts at Northland Securities from $40.00 to $52.00. They now have an “outperform” rating on the stock.
  • 6/18/2020 – Enphase Energy was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 6/18/2020 – Enphase Energy was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating. They now have a $68.00 price target on the stock.

Enphase Energy (NASDAQ:ENPH) Moving Average Technical Analysis

5 day Moving Average is $45.76 And 5 day price change is -$0.05 (-0.11%)  with average volume for 5 day average is 6,271,396. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $48.78 and 20 day price change is -$14.17 (-23.74%) and average 20 day moving volume is 10,148,459. 50 day moving average is $50.63  and 50 day price change is $6.55 ( 16.81%)  and with average volume for 50 days is : 7,874,578. 200 day moving average is $35.25  and 200 day price change is $23.31 (105.00%)  and with average volume for 200 days is : 6,447,795.

See More Analyst Rating at: RATING