Enphase Energy (ENPH) Receives Price Target

Enphase Energy (ENPH) : The highest short term price target forecast on Enphase Energy (ENPH) is $5 and the lowest target price is $2. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $2.51 with a standard deviation of $1.26.

Enphase Energy (ENPH) : Zacks Investment Research ranks Enphase Energy (ENPH) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.13, which indicates as a Hold.


Enphase Energy (NASDAQ:ENPH): The stock was completely flat for the day, closing at $1.82 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $1.83, the stock touched an intraday high of $1.83 and a low of $1.79. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.82. The total trading volume on Thursday was 212,417.

Enphase Energy, Inc. (Enphase) is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic (PV) industry. The Companys semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level. The Companys 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 owners 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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