Bouvel Investment Partners LLC Takes Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Bouvel Investment Partners LLC bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,658 shares of the semiconductor company's stock, valued at approximately $847,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENPH. CX Institutional acquired a new stake in shares of Enphase Energy during the 1st quarter worth about $29,000. Venturi Wealth Management LLC increased its stake in shares of Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after buying an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Enphase Energy during the 4th quarter worth about $47,000. GeoWealth Management LLC lifted its holdings in Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after buying an additional 321 shares during the period. Finally, Sava Infond d.o.o. bought a new position in shares of Enphase Energy in the 4th quarter worth $69,000. 72.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

ENPH has been the subject of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of Enphase Energy from $44.00 to $37.00 and set an "underperform" rating for the company in a research note on Wednesday, April 23rd. Citigroup reduced their price target on shares of Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a report on Thursday, June 5th. Canaccord Genuity Group lowered their price objective on shares of Enphase Energy from $70.00 to $58.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. BNP Paribas Exane lowered Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 target price on the stock. in a research report on Tuesday, May 13th. Finally, Redburn Atlantic began coverage on Enphase Energy in a research report on Monday, March 3rd. They issued a "neutral" rating on the stock. Twelve investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $67.07.

Enphase Energy Trading Up 4.2%

Shares of ENPH stock traded up $1.46 during trading hours on Wednesday, reaching $36.38. The company's stock had a trading volume of 14,467,400 shares, compared to its average volume of 4,704,506. The firm's fifty day simple moving average is $46.06 and its 200 day simple moving average is $58.37. Enphase Energy, Inc. has a one year low of $33.01 and a one year high of $130.08. The stock has a market capitalization of $4.77 billion, a P/E ratio of 33.69 and a beta of 1.69. The company has a current ratio of 1.90, a quick ratio of 1.77 and a debt-to-equity ratio of 0.70.

Insiders Place Their Bets

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the purchase, the chief executive officer now directly owns 1,598,696 shares of the company's stock, valued at $74,099,559.60. This trade represents a 0.25% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.10% 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.