Economy

Enphase Energy (ENPH) Receives Daily Media Impact Score of 0.11

The recent change has given its price a 42.4% lead over SMA 50 and -30.54% deficit over its 52-week high. This works out to a net decrease in ownership of 4.76 million shares, and suggests that institutions are feeling bearish about the stock.

Hedge funds have recently added to or reduced their stakes in the stock.

Recent insider trends for Enphase Energy, Inc. Among active positions in the latest quarter, 21 holders increased their positions by a total of 4.52 million shares, 33 holders decreased the positions by a total of 9.28 million shares, and 15 holders held their positions. KBC Group NV lifted its position in Enphase Energy by 40.8% during the 1st quarter. First Trust Advisors LP lifted its holdings in Enphase Energy by 55.4% in the 2nd quarter. As of quarter end Old West Investment Management, LLC had disposed of 12,008 shares trimming its position 1.1%. Old West Investment Management, LLC owns 1,043,655 shares worth $902,000. Finally, Renaissance Technologies LLC lifted 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 valued at $717,000 after purchasing an additional 114,900 shares during the last quarter.

Institutional investors now hold around $26 million or 29% in ENPH stock.

Analysts await Enphase Energy Inc (NASDAQ:ENPH) to report earnings on November, 7. Craig Hallum set a $2.00 price objective on shares of Enphase Energy and gave the stock a "buy" rating in a research note on Monday, June 12th. Zacks Investment Research lowered shares of Enphase Energy from a "hold" rating to a "sell" rating in a research note on Friday, June 23rd. Vanguard Gp has 0% invested in Enphase Energy Inc (NASDAQ:ENPH) for 1.94 million shares. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. 23, 2016, the shares were bought at an average price of $1.2, giving away a sum of $720,000. Enphase Energy Inc had 26 analyst reports since July 24, 2015 according to SRatingsIntel. (ENPH) in the open market. The firm's market cap is $137.95 million.

It is now trading at $1.51 impressively higher than the 50 day moving average which is $1.02 and which is quite a bit above the 200 day moving average of $1.02.

Enphase Energy Inc (NASDAQ:ENPH) 52-week high price stands at $2.03 and low price stands at $0.65, its price distance from 52-week high is -25.12% while its distance from 52-week low price is 133.81%.

Enphase Energy, Inc. (ENPH)'s RSI (Relative Strength Index) is 65.55.

As of the last earnings report the EPS was $-1.00 and is estimated to be $-0.31 for the current year with 84,581,000 shares now outstanding. The company had revenue of $74.70 million for the quarter, compared to analysts' expectations of $74.48 million. During the same quarter in the prior year, the firm earned ($0.30) earnings per share.

Enphase Energy Inc (NASDAQ:ENPH)'s trailing twelve month revenues are $308.7 Million, whereas its price to sales ratio for the same period is 0.35. On average, equities research analysts anticipate that Enphase Energy will post ($0.31) EPS for the current fiscal year. If you are reading this story on another domain, it was copied illegally and republished in violation of U.S. & worldwide trademark & copyright laws. The legal version of this piece can be viewed at https://www.equitiesfocus.com/2017/09/23/enphase-energy-inc-enph-holdings-boosted-by-k2-principal-fund-l-p.html. The Company is involved in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic (PV) industry.



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