ENPH

GLJ Research Initiates Coverage of Enphase Energy (ENPH) with Sell Recommendation

Fintel reports that on May 22, 2024, GLJ Research initiated coverage of Enphase Energy (NasdaqGM:ENPH) with a Sell recommendation.

Analyst Price Forecast Suggests 15.13% Upside

As of May 22, 2024, the average one-year price target for Enphase Energy is 128.37. The forecasts range from a low of 71.71 to a high of $173.25. The average price target represents an increase of 15.13% from its latest reported closing price of 111.50.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Enphase Energy is 4,076MM, an increase of 122.96%. The projected annual non-GAAP EPS is 6.58.

What is the Fund Sentiment?

There are 1,479 funds or institutions reporting positions in Enphase Energy. This is an decrease of 114 owner(s) or 7.16% in the last quarter. Average portfolio weight of all funds dedicated to ENPH is 0.26%, an increase of 4.49%. Total shares owned by institutions increased in the last three months by 3.12% to 107,434K shares. ENPH / Enphase Energy, Inc. Put/Call Ratios The put/call ratio of ENPH is 0.84, indicating a bullish outlook.

What are Other Shareholders Doing?

ENPH / Enphase Energy, Inc. Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,058K shares representing 2.98% ownership of the company. In its prior filing, the firm reported owning 4,033K shares , representing an increase of 0.63%. The firm decreased its portfolio allocation in ENPH by 1.10% over the last quarter.

Baillie Gifford holds 3,981K shares representing 2.93% ownership of the company. In its prior filing, the firm reported owning 4,080K shares , representing a decrease of 2.49%. The firm decreased its portfolio allocation in ENPH by 66.77% over the last quarter.

Invesco holds 3,625K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 4,237K shares , representing a decrease of 16.88%. The firm decreased its portfolio allocation in ENPH by 93.53% over the last quarter.

Swedbank AB holds 3,506K shares representing 2.58% ownership of the company.

VFINX - Vanguard 500 Index Fund Investor Shares holds 3,335K shares representing 2.45% ownership of the company. In its prior filing, the firm reported owning 3,276K shares , representing an increase of 1.77%. The firm decreased its portfolio allocation in ENPH by 1.10% over the last quarter.

Enphase Energy Background Information
(This description is provided by the company.)

Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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