Fintel reports that on April 11, 2023, B of A Securities maintained coverage of Enphase Energy (NASDAQ:ENPH) with a Neutral recommendation.
Analyst Price Forecast Suggests 52.76% Upside
As of April 6, 2023, the average one-year price target for Enphase Energy is $299.10. The forecasts range from a low of $220.18 to a high of $383.25. The average price target represents an increase of 52.76% from its latest reported closing price of $195.80.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Enphase Energy is $3,242MM, an increase of 39.09%. The projected annual non-GAAP EPS is $5.41.
What are Other Shareholders Doing?
PDT Partners holds 3K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 13K shares, representing a decrease of 366.12%. The firm decreased its portfolio allocation in ENPH by 78.08% over the last quarter.
Nfj Investment Group holds 1K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 5K shares, representing a decrease of 276.49%. The firm decreased its portfolio allocation in ENPH by 49.93% over the last quarter.
Bank Of America holds 747K shares representing 0.55% ownership of the company. In it's prior filing, the firm reported owning 518K shares, representing an increase of 30.65%. The firm increased its portfolio allocation in ENPH by 31.23% over the last quarter.
Lord, Abbett & Co. holds 445K shares representing 0.33% ownership of the company. In it's prior filing, the firm reported owning 761K shares, representing a decrease of 70.91%. The firm decreased its portfolio allocation in ENPH by 45.21% over the last quarter.
RYAWX - S&P 500 Pure Growth Fund Class H holds 2K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 4K shares, representing a decrease of 131.49%. The firm decreased its portfolio allocation in ENPH by 58.45% over the last quarter.
What is the Fund Sentiment?
There are 1910 funds or institutions reporting positions in Enphase Energy.
This is an increase
of
163
owner(s) or 9.33% in the last quarter.
Average portfolio weight of all funds dedicated to ENPH is 0.47%,
a decrease
of 16.27%.
Total shares owned by institutions increased
in the last three months by 1.70% to 114,313K shares.
The put/call ratio of ENPH is 1.00, indicating a
bullish
outlook.
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.
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.
