Enphase Energy Inc (ENPH) : Tinicum Inc scooped up 616,500 additional shares in Enphase Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 763,500 shares of Enphase Energy Inc which is valued at $1,359,030.Enphase Energy Inc makes up approximately 0.61% of Tinicum Inc’s portfolio.
Other Hedge Funds, Including , D. E. Shaw reduced its stake in ENPH by selling 6,465 shares or 11.25% in the most recent quarter. The Hedge Fund company now holds 51,010 shares of ENPH which is valued at $90,798.Menta Capital boosted its stake in ENPH in the latest quarter, The investment management firm added 81,972 additional shares and now holds a total of 165,064 shares of Enphase Energy Inc which is valued at $293,814. Enphase Energy Inc makes up approx 0.04% of Menta Capital’s portfolio.Blackrock Advisors reduced its stake in ENPH by selling 7,500 shares or 59.84% in the most recent quarter. The Hedge Fund company now holds 5,033 shares of ENPH which is valued at $8,959.First Trust Advisors Lp boosted its stake in ENPH in the latest quarter, The investment management firm added 24,011 additional shares and now holds a total of 46,407 shares of Enphase Energy Inc which is valued at $87,709. Zurcher Kantonalbank (zurich Cantonalbank) sold out all of its stake in ENPH during the most recent quarter. The investment firm sold 66,187 shares of ENPH which is valued $118,475.
Enphase Energy Inc (ENPH) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.83 and reached the intraday high at $1.83. The bulls started the profit booking and pushed the shares to intraday low of $1.79. The trading session was marked by a volume range of 2,12,417 shares exchanging hands. The 52-week high of the shares is $5.3699 and the 52-week low is $1.6311. The market cap of the company stands at $85 M and there are 4,67,44,842 shares in public circulation.
On the company’s financial health, Enphase Energy Inc reported $-0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.29. The company had revenue of $79.20 million for the quarter, compared to analysts expectations of $78.71 million. The company’s revenue was down -22.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.
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.