Enphase Energy, Inc. (ENPH) Reaches $4.20 After 5.00% Up Move; Thrivent Financial For Lutherans Lowered Rowan Companies Plc (RDC) Stake By $28.87 Million

April 16, 2018 - By Michael Collier

Enphase Energy, Inc. (NASDAQ:ENPH) Logo

Thrivent Financial For Lutherans decreased Rowan Companies Plc (RDC) stake by 90.05% reported in 2017Q4 SEC filing. Thrivent Financial For Lutherans sold 1.92 million shares as Rowan Companies Plc (RDC)’s stock declined 25.51%. The Thrivent Financial For Lutherans holds 212,726 shares with $3.33M value, down from 2.14 million last quarter. Rowan Companies Plc now has $1.88 billion valuation. The stock decreased 0.27% or $0.04 during the last trading session, reaching $14.83. About 322,560 shares traded. Rowan Companies plc (NYSE:RDC) has declined 22.59% since April 16, 2017 and is downtrending. It has underperformed by 34.14% the S&P500.

The stock of Enphase Energy, Inc. (NASDAQ:ENPH) is a huge mover today! The stock increased 6.60% or $0.26 during the last trading session, reaching $4.2. About 692,766 shares traded. Enphase Energy, Inc. (NASDAQ:ENPH) has risen 309.68% since April 16, 2017 and is uptrending. It has outperformed by 298.13% the S&P500.The move comes after 9 months positive chart setup for the $402.48 million company. It was reported on Apr, 16 by Barchart.com. We have $4.41 PT which if reached, will make NASDAQ:ENPH worth $20.12M more.

Analysts await Rowan Companies plc (NYSE:RDC) to report earnings on May, 1. They expect $-0.68 earnings per share, down 1,071.43% or $0.75 from last year’s $0.07 per share. After $-0.31 actual earnings per share reported by Rowan Companies plc for the previous quarter, Wall Street now forecasts 119.35% negative EPS growth.

Among 33 analysts covering Rowan Companies Inc. (NYSE:RDC), 7 have Buy rating, 4 Sell and 22 Hold. Therefore 21% are positive. Rowan Companies Inc. had 103 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, November 19, the company rating was maintained by Jefferies. Piper Jaffray downgraded Rowan Companies plc (NYSE:RDC) rating on Wednesday, January 10. Piper Jaffray has “Hold” rating and $17.6 target. As per Monday, April 24, the company rating was maintained by Credit Suisse. The stock has “Hold” rating by Tudor Pickering on Friday, March 24. On Friday, October 9 the stock rating was initiated by KeyBanc Capital Markets with “Sector Weight”. As per Tuesday, December 22, the company rating was downgraded by Credit Agricole. The stock has “Hold” rating by Susquehanna on Thursday, March 1. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, July 11. Seaport Global upgraded Rowan Companies plc (NYSE:RDC) on Monday, March 14 to “Buy” rating. The company was maintained on Thursday, March 15 by Cowen & Co.

Thrivent Financial For Lutherans increased Brinks Co (NYSE:BCO) stake by 56,986 shares to 836,321 valued at $65.82M in 2017Q4. It also upped Old Dominion Freight Line (NASDAQ:ODFL) stake by 4,876 shares and now owns 107,716 shares. Saul Centers Inc (NYSE:BFS) was raised too.

Since February 22, 2018, it had 0 buys, and 1 insider sale for $47,686 activity. Butz Stephen M sold $47,686 worth of stock.

Investors sentiment increased to 0.95 in Q4 2017. Its up 0.25, from 0.7 in 2017Q3. It is positive, as 24 investors sold RDC shares while 77 reduced holdings. 39 funds opened positions while 57 raised stakes. 127.30 million shares or 1.57% less from 129.33 million shares in 2017Q3 were reported. Sterling Capital Mngmt Limited reported 0.01% of its portfolio in Rowan Companies plc (NYSE:RDC). Mackenzie Finance reported 3.05 million shares. 114,832 were reported by Ahl Llp. Vident Inv Advisory Ltd Liability stated it has 0.09% in Rowan Companies plc (NYSE:RDC). 8,525 were accumulated by Assetmark. Wells Fargo & Mn stated it has 208,446 shares. Teacher Retirement System Of Texas invested in 39,489 shares. Geode Cap Management Ltd Liability Co holds 0.01% or 949,869 shares. 8,322 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Liberty Mutual Gru Asset Mgmt, a Massachusetts-based fund reported 28,842 shares. Tiaa Cref Investment Management Lc holds 0.01% or 885,613 shares. Louisiana State Employees Retirement Systems stated it has 0.02% in Rowan Companies plc (NYSE:RDC). Blackrock Inc has 13.16 million shares. Royal Bancorporation Of Canada holds 41,231 shares or 0% of its portfolio. Comerica Retail Bank reported 95,642 shares.

Investors sentiment increased to 3.17 in 2017 Q4. Its up 2.37, from 0.8 in 2017Q3. It is positive, as 3 investors sold Enphase Energy, Inc. shares while 9 reduced holdings. 28 funds opened positions while 10 raised stakes. 33.84 million shares or 151.70% more from 13.44 million shares in 2017Q3 were reported. Utah-based Wasatch has invested 0.01% in Enphase Energy, Inc. (NASDAQ:ENPH). Eam Investors Ltd Co holds 865,546 shares or 0.27% of its portfolio. Blackrock has invested 0% in Enphase Energy, Inc. (NASDAQ:ENPH). White Pine Cap Lc invested in 0.02% or 21,000 shares. Moreover, Millennium Mgmt Lc has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH) for 214,387 shares. San Francisco Sentry Group Inc (Ca) reported 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Tower Rech Cap Lc (Trc) holds 8,028 shares or 0% of its portfolio. Old West Inv Mgmt Ltd Llc owns 1.78 million shares. Electron Cap Partners Limited Liability Company accumulated 4.24M shares. Bank & Trust Of Mellon has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH). Guggenheim Cap Lc has 19,605 shares for 0% of their portfolio. Kbc Grp Inc Inc Nv stated it has 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Alpine Mgmt Limited Liability reported 54,822 shares or 0.03% of all its holdings. Amundi Pioneer Asset Mngmt has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH) for 133,453 shares. Jpmorgan Chase And owns 2,381 shares.

Since February 15, 2018, it had 1 buying transaction, and 2 sales for $212,757 activity. Garcia Humberto also sold $45,031 worth of Enphase Energy, Inc. (NASDAQ:ENPH) shares. The insider Kothandaraman Badrinarayanan bought $132,800. Another trade for 77,551 shares valued at $300,526 was made by Weber John Howard on Tuesday, March 6.

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 $402.48 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.

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

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