Enphase Energy (ENPH) Stock Forecast, Price & News

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last year. There are currently 1 sell rating, 7 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ENPH shares.
View ENPH analyst ratings or view top-rated stocks.

27 brokerages have issued 12-month target prices for Enphase Energy's stock. Their ENPH share price forecasts range from $114.00 to $365.00. On average, they predict the company's share price to reach $232.31 in the next twelve months. This suggests a possible upside of 91.9% from the stock's current price.
View analysts price targets for ENPH or view top-rated stocks among Wall Street analysts.

Enphase Energy's stock was trading at $264.96 on January 1st, 2023. Since then, ENPH shares have decreased by 54.3% and is now trading at $121.07.
View the best growth stocks for 2023 here.

Enphase Energy saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 10,690,000 shares, an increase of 6.4% from the August 15th total of 10,050,000 shares. Based on an average daily volume of 3,740,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 8.1% of the company's stock are short sold.
View Enphase Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our ENPH earnings forecast.

Enphase Energy, Inc. (NASDAQ:ENPH) released its earnings results on Thursday, July, 27th. The semiconductor company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.21. The semiconductor company had revenue of $711.12 million for the quarter, compared to the consensus estimate of $726.94 million. Enphase Energy had a net margin of 20.48% and a trailing twelve-month return on equity of 71.20%.
Read the conference call transcript.

ETFs with the largest weight of Enphase Energy (NASDAQ:ENPH) stock in their portfolio include Meet Kevin Pricing Power ETF (PP), Invesco Solar ETF (TAN), Global X Solar ETF (RAYS), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), iShares Global Clean Energy ETF (ICLN), Gen Z ETF (ZGEN), Virtus Duff & Phelps Clean Energy ETF (VCLN) and Global X Clean Tech ETF (CTEC).

Enphase Energy issued an update on its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $550.00 million-$600.00 million, compared to the consensus revenue estimate of $748.08 million.

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.

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).

Enphase Energy trades on the NASDAQ under the ticker symbol "ENPH."

Enphase Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Geode Capital Management LLC (2.20%), Citadel Advisors LLC (0.00%), Northern Trust Corp (0.93%), Schroder Investment Management Group (0.80%), Charles Schwab Investment Management Inc. (0.54%) and Capital International Investors (0.53%). 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.

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

One share of ENPH stock can currently be purchased for approximately $121.07.

Enphase Energy (NASDAQ:ENPH) has a market capitalization of $16.51 billion and generates $2.33 billion in revenue each year. The semiconductor company earns $397.36 million in net income (profit) each year or $3.97 on an earnings per share basis.

The company employs 2,821 workers across the globe.

Enphase Energy's mailing address is 47281 BAYSIDE PARKWAY, FREMONT CA, 94538. The official website for the company is www.enphase.com. The semiconductor company can be reached via phone at (877) 774-7000, via email at ir@enphaseenergy.com, or via fax at 302-636-5454.