Enphase Energy (ENPH) Receives Daily Media Impact Score of 0.21
Press coverage about Enphase Energy (NASDAQ:ENPH) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Enphase Energy earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.6944423398501 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- What is The Actual Stock’s Value – Complete Picture in Focus – Enphase Energy (NASDAQ:ENPH) (nasdaqjournal.com)
- Global Home Energy Storage Systems Market Estimated to Reach US$ 83.83 Mn by 2022 (openpr.com)
- Positive Karma For Enphase Energy (seekingalpha.com)
- Big Queensland business first to use Tesla Powerpack to go off-grid (reneweconomy.com.au)
- Enphase Energy and Solaria Corporation introduce high-performance modules (renewableenergymagazine.com)
Several brokerages have commented on ENPH. Cowen upped their price objective on Enphase Energy from $3.50 to $5.50 and gave the company an “outperform” rating in a research report on Tuesday. Roth Capital set a $6.00 price objective on Enphase Energy and gave the company a “buy” rating in a research report on Monday, April 16th. Zacks Investment Research downgraded Enphase Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. BidaskClub raised Enphase Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Oppenheimer reissued a “buy” rating on shares of Enphase Energy in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Enphase Energy currently has a consensus rating of “Buy” and an average price target of $4.33.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $79.67 million for the quarter, compared to the consensus estimate of $75.91 million. equities analysts expect that Enphase Energy will post -0.02 EPS for the current year.
In related news, CFO Humberto Garcia sold 16,375 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $2.75, for a total transaction of $45,031.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Howard Weber sold 77,551 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $3.88, for a total value of $300,897.88. Following the sale, the director now owns 27,763 shares of the company’s stock, valued at $107,720.44. The disclosure for this sale can be found here. Insiders have sold a total of 96,537 shares of company stock worth $351,934 in the last three months. Corporate insiders own 13.52% of the company’s stock.
Enphase Energy Company Profile
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current electricity to alternating current (AC) electricity at the individual solar module level.
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