Deutsche Bank Maintains Enphase Energy Inc to Sell with Price Target $1.30

Brokerage firm Deutsche Bank Maintains its rating on Enphase Energy Inc(NASDAQ:ENPH). In a research note issued to the investors, the brokerage major Lowers the price-target to $1.30 per share. The shares have been rated Sell. The rating by Deutsche Bank was issued on Sep 23, 2016.

Enphase Energy Inc (ENPH) remained unchanged at the close of Tuesday session. Even as the volume increased to 11,46,968 ,the shares failed to make any impression and ended at 0 points or 0.00% at $1.2. The trading session commenced at $1.2 and the stock hit a high of $1.23 and touched $1.18 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $5.3699 and the 52-week low is $1.16. The company has a market cap of $56 M and has approximately 4,67,44,842 outstanding shares.

Enphase Energy Inc(ENPH) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $79.19M. Analysts had an estimated revenue of $78.71M. Earnings per share were $-0.30. Analysts had estimated an EPS of $-0.27.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Humberto Garcia (VP and CFO) sold 1,618 shares at $1.78 per share price.Also, On Aug 16, 2016, Paul B Nahi (President and CEO) sold 8,863 shares at $1.78 per share price.On Feb 11, 2016, Benjamin John Kortlang (director) purchased 250,000 shares at $2.09 per share price, according to the Form-4 filing with the securities and exchange commission.

Enphase Energy Inc. (Enphase) is engaged in designing developing manufacturing and selling microinverter systems for the solar photovoltaic (PV) industry. The Company’s semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level. The Company’s microinverter system consists of three components such as Enphase microinverter which delivers power conversion at the individual solar module level; Envoy communications gateway which is installed in the system owner’s home or business and serves as a networking hub that collects data from the microinverter array and Enlighten Web-based software which collects and analyzes the collected data from the microinverter array. The Company offers microinverter systems to the residential and commercial markets in the United States Canada the United Kingdom France the Benelux region certain other European markets Australia and New Zealand.

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