The Enphase Energy (ENPH) Receives Coverage Optimism Score of 0.40

The Enphase Energy (ENPH) Receives Coverage Optimism Score of 0.40

Here are some of the news headlines that may have impacted AlphaOne’s rankings:

News headlines about Enphase Energy (NASDAQ:ENPH) have been trending positive recently, AlphaOne reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Enphase Energy earned a media sentiment score of 0.40 on AlphaOne’s scale. AlphaOne also assigned media coverage about the semiconductor company an impact score of 31 out of 100, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the next several days.

Several analysts have commented on the stock. Roth Capital set a $2.00 target price on shares of Enphase Energy and gave the stock a “hold” rating in a research note on Monday, February 27th. ValuEngine cut shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Zacks Investment Research cut shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $2.29. Enphase Energy (NASDAQ:ENPH) opened at 0.824 on Monday. The firm’s market cap is $69.44 million. Enphase Energy has a 12-month low of $0.65 and a 12-month high of $2.38. The company’s 50 day moving average is $1.00 and its 200 day moving average is $1.27.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.05. Enphase Energy had a negative net margin of 23.54% and a negative return on equity of 294.30%. The business had revenue of $54.75 million for the quarter, compared to the consensus estimate of $62.72 million. During the same period in the prior year, the company posted ($0.34) earnings per share. Enphase Energy’s revenue was down 14.6% compared to the same quarter last year. On average, equities analysts anticipate that Enphase Energy will post ($0.28) earnings per share for the current year. Enphase Energy Company Profile

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ENPH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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