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BABA   76.51 (+0.72%)
T   16.59 (-1.25%)
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MU   89.46 (+4.02%)
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GE   154.77 (+0.94%)
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NASDAQ:ENPH

Enphase Energy (ENPH) Stock Price, News & Analysis

$119.84
+1.65 (+1.40%)
(As of 02/26/2024 ET)
Today's Range
$117.83
$122.44
50-Day Range
$97.80
$137.34
52-Week Range
$73.49
$231.42
Volume
2.59 million shs
Average Volume
4.75 million shs
Market Capitalization
$16.27 billion
P/E Ratio
39.16
Dividend Yield
N/A
Price Target
$157.66

Enphase Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
31.6% Upside
$157.66 Price Target
Short Interest
Bearish
7.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.51
Upright™ Environmental Score
News Sentiment
1.04mentions of Enphase Energy in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$2.93 M Sold Last Quarter
Proj. Earnings Growth
87.74%
From $2.12 to $3.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.90 out of 5 stars

Oils/Energy Sector

6th out of 234 stocks

Semiconductors & Related Devices Industry

5th out of 88 stocks


ENPH stock logo

About Enphase Energy Stock (NASDAQ:ENPH)

Enphase Energy, Inc. is a US-based technology company focused on the solar power industry. It was founded in 2006 by Martin Fornage and partner Raghu Belur after inspiration from Fornage. The company’s goal is to help residential consumers harness the sun for daily use and provide the ability to sell excess production back to the grid.

Mr. Fornage noticed a low-performance problem with a solar array at his ranch. The array was linked to a central inverter, as most are still to this day which poses a problem. When linked together, the DC current generated by an array of solar panels is limited to the weakest output. To solve this issue, Fornage and the company will develop proprietary microinverters and install one on the back of each panel of an array, an arrangement that increases output and total efficiency. The solar inverter is important because solar panels generate DC current which is not compatible with the electric grid, it converts the DC to AC and is a necessary component of all solar power generating facilities.

The company launched its first product, the M175, following a capital raise in 2007. The follow-up product, the M190, sold about 400,000 units in its first year alone and helped the company secure 13% of the residential market share by 2010. Enphase went public in 2012 and then decided to enter the battery-storage industry as well. The company will continue growing through 2020, releasing new products and entering new markets. By the end of 2020, Enphase has 48% of the US residential inverter market which is more than 70% of the world microinverter market but less than 2% of the total inverter market.

The post-2020 period is focused on new acquisitions and building out an SaaS network for home power generation and storage. By the end of 2022, the company had sold more than 50 million inverters, expanding its offerings and deepening its penetration. Part of the strategy is to branch out into services, including microinverter solutions for small businesses.

Today, Enphase Energy operates through a network of subsidiaries. The company is in business designing and developing solar power and alternative energy solutions for the residential market. It manufactures and sells semiconductor-based home energy solutions including microinverters, batteries, solar leads and software solutions to help operate and maintain the systems. Total revenue in 2021 topped $1.38 billion.

Among the many products now offered are EV charging stations. The Clipper Creek subsidiary is the leader in home EV charging solutions and will install a model best suited for each consumer's make and model vehicle. Chargers are compatible with all models sold in the US and come with a 25-foot charging cable for ultimate flexibility.

Enphase is helping to accelerate the shift to solar power by making solar power generation and storage more accessible and affordable for residential consumers. The future of renewable energy is broad networks of micro-generating facilities, such as homes and small businesses, that are backed up by battery storage capacity.

ENPH Stock Price History

ENPH Stock News Headlines

MarketBeat Week in Review – 2/12 - 2/16 (ENPH)
Higher inflation readings dampened expectations for rate cuts, and a shortened trading week may get more volatile when many retail stocks report earnings
The S&P 500's 3 best 10-year performers are all in this industry (ENPH)
Given the critical role semiconductors play in the global economy, it’s no surprise that chipmakers have hauled in some serious profits over the past decade.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
How to Invest in Electric Cars (ENPH)
How do you invest in electric cars? Buy the stock of automakers or buy an exchange-traded fund? We’ll show you how to invest in electric cars.
MarketBeat Week in Review – 2/5 - 2/9 (ENPH)
The markets continue to rise as investors come to grips with higher interest rates, but next week's inflation data may cool down the bullish momentum
Here's your warning: Enphase stock ready to rally
It's only been three weeks since we called Enphase Energy Inc. NASDAQ: ENPH an "under-the-radar energy stock" with a ton of potential, and we're already being proved right. Having spent almost all last year being beaten down by the bears, the end-of-year rally starting in November has added fresh fuel.
Here's your warning: Enphase stock ready to rally (ENPH)
It's only been three weeks since we called Enphase an under-the-radar energy stock with much potential, and we're already being proved right.
2 solar tracker stocks to make your portfolio sizzle in 2024 (ENPH)
Solar energy stocks broadly remain under pressure, but you can still look at these two dominant leaders in the solar tracker industry to heat your portfolio
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
12 Best Green Stocks To Invest In 2024
7 Overlooked Renewable Energy Stocks to Watch Now
Enphase: Raging On
Why Enphase Probably Bottomed Already
3 Solar Energy Stocks Poised for a Strong Comeback
Enphase: A Surging Opportunity
Is Enphase Energy Stock a Buy for 2024?
Is Enphase Energy Stock a Buy for 2024?
See More Headlines
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Company Calendar

Last Earnings
10/26/2021
Today
2/26/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:ENPH
CUSIP
29355A10
Employees
3,157
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$157.66
High Stock Price Target
$282.00
Low Stock Price Target
$86.00
Potential Upside/Downside
+31.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
30 Analysts

Profitability

Net Income
$438.94 million
Pretax Margin
22.40%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$3.93 per share
Book Value
$7.20 per share

Miscellaneous

Free Float
130,057,000
Market Cap
$16.27 billion
Optionable
Optionable
Beta
1.48

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ENPH Stock Analysis - Frequently Asked Questions

Should I buy or sell Enphase Energy stock right now?

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last year. There are currently 1 sell rating, 11 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ENPH shares.
View ENPH analyst ratings
or view top-rated stocks.

What is Enphase Energy's stock price target for 2024?

30 brokers have issued 12 month target prices for Enphase Energy's stock. Their ENPH share price targets range from $86.00 to $282.00. On average, they predict the company's stock price to reach $157.66 in the next year. This suggests a possible upside of 31.6% from the stock's current price.
View analysts price targets for ENPH
or view top-rated stocks among Wall Street analysts.

How have ENPH shares performed in 2024?

Enphase Energy's stock was trading at $132.14 at the beginning of the year. Since then, ENPH stock has decreased by 9.3% and is now trading at $119.84.
View the best growth stocks for 2024 here
.

Are investors shorting Enphase Energy?

Enphase Energy saw a increase in short interest in January. As of January 31st, there was short interest totaling 10,350,000 shares, an increase of 10.1% from the January 15th total of 9,400,000 shares. Based on an average daily volume of 5,090,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 7.9% of the shares of the company are short sold.
View Enphase Energy's Short Interest
.

When is Enphase Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our ENPH earnings forecast
.

How were Enphase Energy's earnings last quarter?

Enphase Energy, Inc. (NASDAQ:ENPH) announced its quarterly earnings data on Tuesday, October, 26th. The semiconductor company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.11. The semiconductor company had revenue of $351.52 million for the quarter, compared to the consensus estimate of $343.77 million. Enphase Energy had a trailing twelve-month return on equity of 47.73% and a net margin of 19.16%. The business's quarterly revenue was up 96.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share.
Read the conference call transcript
.

What guidance has Enphase Energy issued on next quarter's earnings?

Enphase Energy updated its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $260.0 million-$300.0 million, compared to the consensus revenue estimate of $319.4 million.

What is Badri Kothandaraman's approval rating as Enphase Energy's CEO?

105 employees have rated Enphase Energy Chief Executive Officer Badri Kothandaraman on Glassdoor.com. Badri Kothandaraman has an approval rating of 52% among the company's employees. This puts Badri Kothandaraman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 69.0% of employees surveyed would recommend working at Enphase Energy to a friend.

What other stocks do shareholders of Enphase Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enphase Energy investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Block (SQ), SolarEdge Technologies (SEDG), Alibaba Group (BABA), Micron Technology (MU), PayPal (PYPL), Netflix (NFLX) and Salesforce (CRM).

Who are Enphase Energy's major shareholders?

Enphase Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.52%), Baillie Gifford & Co. (2.99%), Voya Investment Management LLC (1.86%), Citadel Advisors LLC (0.00%), Northern Trust Corp (1.00%) and Legal & General Group Plc (0.98%). Insiders that own company stock include Badrinarayanan Kothandaraman, Benjamin John Kortlang, David A Ranhoff, Eric Branderiz, Jeff Mcneil, Jerry S Lanchbury, Joseph Ian Malchow, Mandy Yang, Richard Mora, Sean E George, Steven J Gomo and Thurman J Rodgers.
View institutional ownership trends
.

How do I buy shares of Enphase Energy?

Shares of ENPH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Enphase Energy have any subsidiaries?
The following companies are subsidiares of Enphase Energy: 365 Pronto Inc., 365 Pronto Inc., ClipperCreek Inc., Clippercreek, Enphase Brasil Energia Solar LTDA, Enphase Energy Australia Pty. Ltd., Enphase Energy Canada Holdings Inc., Enphase Energy Canada Inc., Enphase Energy International LLC, Enphase Energy Mexico S. DE R.L. DE C.V., Enphase Energy NL B.V., Enphase Energy New Zealand, Enphase Energy S.A.S., Enphase Energy S.r.l., Enphase Energy Technology (Shanghai) Co. Ltd., Enphase Service Company LLC, Enphase Solar Energy India Pvt. Limited, GreenCom Networks AG, Sofdesk Inc., SolarLeadFactory LLC, and SunPower.
Read More
This page (NASDAQ:ENPH) was last updated on 2/26/2024 by MarketBeat.com Staff