B of A Securities Maintains Enphase Energy (ENPH) Neutral Recommendation

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.

See all Enphase Energy regulatory filings.

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.