Enphase Energy, Inc. (NASDAQ:ENPH) Short Interest Update

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 20,630,000 shares, an increase of 22.9% from the April 30th total of 16,790,000 shares. Approximately 16.3% of the shares of the stock are short sold. Based on an average trading volume of 5,900,000 shares, the short-interest ratio is currently 3.5 days.

Enphase Energy Stock Down 2.9%

Shares of ENPH traded down $1.25 during mid-day trading on Thursday, hitting $41.91. 2,512,927 shares of the company traded hands, compared to its average volume of 5,217,111. Enphase Energy has a 1-year low of $37.59 and a 1-year high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $5.50 billion, a PE ratio of 56.64 and a beta of 1.80. The business has a 50 day moving average of $48.55 and a 200 day moving average of $59.96.

Analysts Set New Price Targets

Several research analysts recently issued reports on ENPH shares. Citigroup decreased their price target on shares of Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a research note on Thursday. Redburn Atlantic began coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They issued a "neutral" rating on the stock. Oppenheimer set a $84.00 price objective on shares of Enphase Energy and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. The Goldman Sachs Group lowered their price objective on shares of Enphase Energy from $90.00 to $77.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, TD Cowen decreased their target price on shares of Enphase Energy from $78.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Eleven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Enphase Energy currently has an average rating of "Hold" and an average target price of $68.31.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was bought at an average price of $46.35 per share, with a total value of $185,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,598,696 shares in the company, valued at approximately $74,099,559.60. This represents a 0.25% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enphase Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its holdings in Enphase Energy by 0.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock worth $5,421,000 after buying an additional 238 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Enphase Energy by 2.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock worth $643,000 after purchasing an additional 255 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Enphase Energy by 83.0% in the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 258 shares in the last quarter. Leibman Financial Services Inc. boosted its position in Enphase Energy by 1.0% in the 1st quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company's stock worth $1,829,000 after purchasing an additional 305 shares in the last quarter. Finally, McGowan Group Asset Management Inc. boosted its position in Enphase Energy by 2.0% in the 4th quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock worth $1,145,000 after purchasing an additional 319 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.