Wall Street Stock Recommendations: Enphase Energy, Inc. (ENPH), ChromaDex Corporation (CDXC)

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Wall Street Stock Recommendations: Enphase Energy, Inc. (ENPH), ChromaDex Corporation (CDXC)

(NASDAQ:ENPH) have been given a consensus rating of "Hold" by the nine analysts that are presently covering the firm, Marketbeat Ratings reports. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/08/12/research-analysts-issue-forecasts-for-enphase-energy-inc-s-fy2018-earnings-nasdaqenph.html. During the same period past year, the company posted ($0.30) earnings per share. The company is expected to issue its next earnings report on Tuesday, August 1st. Oppenheimer Holdings analyst C. Rusch now anticipates that the semiconductor company will post earnings per share of $0.00 for the year, down from their prior estimate of $0.02.

Investors and Traders continue to monitor technical levels of shares of Splunk Inc. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.26) by $0.05.

For the third quarter, Enphase Energy says it expects revenues of between $72 million and $80 million which should lead to a gross margin of between 18% and 21%. The firm had revenue of $74.70 million for the quarter, compared to the consensus estimate of $74.48 million. Gross margin in the quarter dropped to 18.1% from 18.9% as of previous year.

A number of brokerages have recently issued reports on ENPH. Craig Hallum set a $2.00 price target on shares of Enphase Energy and gave the company a "buy" rating in a research note on Monday, June 12th. Analysts on average have given a price target of $1.58 to Enphase Energy, Inc. stock. Zacks Investment Research lowered Enphase Energy from a "hold" rating to a "sell" rating in a report on Monday, May 15th. Finally, ValuEngine downgraded Enphase Energy from a "sell" rating to a "strong sell" rating in a research report on Friday, June 2nd. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy, Inc. with MarketBeat.com's FREE daily email newsletter.

Several hedge funds have recently modified their holdings of the company. LLC boosted its stake in Enphase Energy by 2,281.8% in the first quarter. A total of 3.8 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 923.51 Million shares, while its relative volume stands at 4.12. Renaissance Technologies LLC raised its stake in shares of Enphase Energy by 28.2% in the first quarter. Divisar Capital Management LLC now owns 1,011,838 shares of the semiconductor company's stock valued at $1,386,000 after buying an additional 106,766 shares during the period. Trellus Management Company LLC purchased a new position in shares of Enphase Energy during the first quarter worth $171,000. Finally, Wexford Capital LP purchased a new stake in Enphase Energy during the first quarter valued at approximately $617,000. Electron Capital Partners, LLC is the second biggest holder with 4 million shares now valued at 5.11 million whilst Vanguard Group Inc has 2 million shares valued at 2.54 million.

Enphase Energy, Inc. (ENPH) has an annual dividend of $0, while its annual dividend yield is 0%.

Fine tuning their focus in on Enphase Energy, Inc. (SPLK) stock showed the move of -0.17% with the closing price of $58.89. Enphase Energy Inc (NASDAQ:ENPH) has a market cap of $79.37 Million and the number of outstanding shares have been calculated 85.53 Million.

ILLEGAL ACTIVITY WARNING: This story was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and worldwide copyright & trademark legislation. During the past six months, Enphase Energy, Inc. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry.

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