Daqo New Energy Corp. (DQ) Forms $39.37 Double Top; Enphase Energy (ENPH)’s Sentiment Is 2.53

Enphase Energy, Inc. (NASDAQ:ENPH) Logo

Enphase Energy Inc (ENPH) investors sentiment decreased to 2.53 in Q1 2018. It’s down -0.64, from 3.17 in 2017Q4. The ratio has dropped, as 48 investment professionals opened new or increased holdings, while 19 sold and reduced their positions in Enphase Energy Inc. The investment professionals in our database now own: 23.79 million shares, down from 33.84 million shares in 2017Q4. Also, the number of investment professionals holding Enphase Energy Inc in top ten holdings increased from 1 to 2 for an increase of 1. Sold All: 10 Reduced: 9 Increased: 26 New Position: 22.

Daqo New Energy Corp. (DQ) formed double top with $40.94 target or 4.00% above today’s $39.37 share price. Daqo New Energy Corp. (DQ) has $506.45 million valuation. The stock decreased 1.48% or $0.59 during the last trading session, reaching $39.37. About 1.08M shares traded or 89.25% up from the average. Daqo New Energy Corp. (NYSE:DQ) has risen 188.79% since June 12, 2017 and is uptrending. It has outperformed by 176.22% the S&P500. Some Historical DQ News: ; 08/05/2018 – DAQO NEW ENERGY CORP – CAPITAL EXPENDITURES FOR EXPANSION PROJECT IS ESTIMATED TO BE APPROXIMATELY RMB3.2 BLN; 08/05/2018 – DAQO NEW ENERGY CORP – DESIGN, CONSTRUCTION AND INSTALLATION OF NEW FACILITY IS SCHEDULED TO COMMENCE IN MAY 2018; 08/05/2018 – DAQO NEW ENERGY – PHASE 4A EXPANSION PLAN CALLS FOR CONSTRUCTION OF NEW MANUFACTURING FACILITY ADJACENT TO EXISTING FACILITIES IN SHIHEZI; 11/04/2018 – Daqo New Energy Corp. Announces Proposed Follow-on Public Offering of Amer Depositary Shrs; 08/05/2018 – DAQO NEW ENERGY CORP – CONSTRUCTION OF PHASE 3B NOW EXPECTED TO BE COMPLETED AND BEGIN PILOT PRODUCTION BY END OF 2018; 08/05/2018 – DAQO NEW ENERGY CORP – QTRLY INCOME PER ADS $2.79; 24/05/2018 – DAQO NEW ENERGY – RECEIVED GOVT APPROVAL OF PHASE 4 CAPACITY EXPANSION PLAN IN ENTIRETY & SIGNED INVESTMENT DEAL WITH LOCAL GOVT; 08/05/2018 – Daqo New Energy 1Q Net $31.6M; 16/03/2018 – Daqo New Energy Filed Its 2017 Annual Report on Form 20-F; 08/05/2018 – DAQO NEW ENERGY CORP – QTRLY ADJUSTED EARNINGS PER DILUTED ADS $2.90

Since January 1, 0001, it had 1 insider buy, and 2 selling transactions for $212,757 activity.

Analysts await Enphase Energy, Inc. (NASDAQ:ENPH) to report earnings on August, 14. They expect $-0.01 EPS, up 88.89% or $0.08 from last year’s $-0.09 per share. After $-0.06 actual EPS reported by Enphase Energy, Inc. for the previous quarter, Wall Street now forecasts -83.33% EPS growth.

Ratings analysis reveals 100% of Enphase Energy’s analysts are positive. Out of 2 Wall Street analysts rating Enphase Energy, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. ENPH was included in 2 notes of analysts from November 2, 2016. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) earned “Outperform” rating by Oppenheimer on Wednesday, November 2. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) earned “Mkt Outperform” rating by Avondale on Wednesday, November 2.

Old West Investment Management Llc holds 3.88% of its portfolio in Enphase Energy, Inc. for 1.47 million shares. Electron Capital Partners Llc owns 4.24 million shares or 3.67% of their US portfolio. Moreover, Northpointe Capital Llc has 0.32% invested in the company for 560,380 shares. The California-based Eam Investors Llc has invested 0.3% in the stock. Menta Capital Llc, a California-based fund reported 125,479 shares.

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 has market cap of $447.44 million. The companyÂ’s semiconductor microinverter system converts direct current electricity to alternating current electricity at the individual solar module level. It currently has negative earnings. It also offers energy storage systems, including its AC battery; and energy monitoring and control services.

The stock decreased 8.15% or $0.41 during the last trading session, reaching $4.62. About 4.85M shares traded or 125.51% up from the average. Enphase Energy, Inc. (ENPH) has risen 671.35% since June 12, 2017 and is uptrending. It has outperformed by 658.78% the S&P500. Some Historical ENPH News: ; 12/04/2018 – Enphase Energy and GRID Alternatives Renew Collaboration for 2018; 19/04/2018 – DJ Enphase Energy Inc, Inst Holders, 1Q 2018 (ENPH); 11/04/2018 – @Golan_Lewkowicz @Enphase Thanks Golan, Will add to the interview list; 14/05/2018 – Enphase Energy and lmagineSolar Announce Training Collaboration for Smart-Grid-Ready Solar Technology; 10/05/2018 – Enphase Energy to Participate at Investor Conferences in May 2018; 06/03/2018 – Enphase Energy to Participate at Upcoming ROTH Investor Conference; 01/05/2018 – Enphase Energy Reports Continued Gross Margin Expansion in the First Quarter of 2018; 29/03/2018 – Enphase Energy Receives Dutch Solar Innovation Award 2018; 19/03/2018 – Enphase Energized™ AC Modules Reach Over 180 Solar lnstallers; 14/05/2018 – Enphase Energy and ImagineSolar Announce Training Collaboration for Smart-Grid-Ready Solar Technology

More notable recent Enphase Energy, Inc. (NASDAQ:ENPH) news were published by: Seekingalpha.com which released: “Enphase Energy Q2 Surprise?” on May 31, 2018, also Globenewswire.com with their article: “Enphase Energy Appoints New Chief Financial Officer” published on June 04, 2018, Globenewswire.com published: “Enphase Energy Announces 4.5MW Solar Installation in India” on May 29, 2018. More interesting news about Enphase Energy, Inc. (NASDAQ:ENPH) were released by: Fool.com and their article: “Why Enphase Energy’s Shares Popped 14% Today” published on May 16, 2018 as well as Investorplace.com‘s news article titled: “Despite Growing Pains, Solar Stocks Have Inevitability Behind Them” with publication date: June 11, 2018.

Analysts await Daqo New Energy Corp. (NYSE:DQ) to report earnings on August, 14. They expect $2.45 earnings per share, up 105.88% or $1.26 from last year’s $1.19 per share. DQ’s profit will be $31.52M for 4.02 P/E if the $2.45 EPS becomes a reality. After $2.79 actual earnings per share reported by Daqo New Energy Corp. for the previous quarter, Wall Street now forecasts -12.19% negative EPS growth.

Enphase Energy, Inc. (NASDAQ:ENPH) Institutional Positions Chart