NASDAQ:ENPH

Enphase Energy (ENPH) Stock Price, News & Analysis

$114.32
-2.53 (-2.17%)
(As of 05/17/2024 ET)
Today's Range
$113.66
$118.11
50-Day Range
$105.16
$128.69
52-Week Range
$73.49
$192.22
Volume
2.26 million shs
Average Volume
4.37 million shs
Market Capitalization
$15.55 billion
P/E Ratio
59.54
Dividend Yield
N/A
Price Target
$133.45

Enphase Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
16.7% Upside
$133.45 Price Target
Short Interest
Healthy
8.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.77mentions of Enphase Energy in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$3.22 M Sold Last Quarter
Proj. Earnings Growth
126.42%
From $1.59 to $3.60 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.

4.81 out of 5 stars

Oils/Energy Sector

14th out of 242 stocks

Semiconductors & Related Devices Industry

9th out of 87 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

3 Stocks Getting Boosted by Analysts
Wall Street analysts reconsider their views on specific stocks and sectors every earnings season. Investors should keep up with ratings and sentiment changes for those names that could interest their portfolios.
3 Stocks Getting Boosted by Analysts (ENPH)
Three stocks show double-digit upside in both EPS projections and price targets today, all part of a wider fundamental tailwind carrying them all forward
Company News For May 15, 2024
The 3 Best Energy Stocks to Buy in May 2024
Enphase: Market Pessimism Won't Last Forever
See More Headlines
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Company Calendar

Last Earnings
4/23/2024
Today
5/18/2024
Next Earnings (Estimated)
7/25/2024
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
$133.45
High Stock Price Target
$235.00
Low Stock Price Target
$86.00
Potential Upside/Downside
+16.7%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
31 Analysts

Profitability

Net Income
$438.94 million
Pretax Margin
17.65%

Debt

Sales & Book Value

Annual Sales
$1.83 billion
Cash Flow
$3.79 per share
Book Value
$6.78 per share

Miscellaneous

Free Float
131,437,000
Market Cap
$15.55 billion
Optionable
Optionable
Beta
1.50

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ENPH Stock Analysis - Frequently Asked Questions

Should I buy or sell Enphase Energy stock right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last year. There are currently 2 sell ratings, 13 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ENPH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ENPH, but not buy additional shares or sell existing shares.
View ENPH analyst ratings
or view top-rated stocks.

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

31 Wall Street analysts have issued twelve-month price targets for Enphase Energy's stock. Their ENPH share price targets range from $86.00 to $235.00. On average, they expect the company's share price to reach $133.45 in the next twelve months. This suggests a possible upside of 16.7% 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 shares have decreased by 13.5% and is now trading at $114.32.
View the best growth stocks for 2024 here
.

When is Enphase Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our ENPH earnings forecast
.

How were Enphase Energy's earnings last quarter?

Enphase Energy, Inc. (NASDAQ:ENPH) announced its quarterly earnings results on Tuesday, April, 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.11 by $0.17. The semiconductor company had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a net margin of 15.10% and a trailing twelve-month return on equity of 31.89%.

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

Enphase Energy issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $290.0 million-$330.0 million, compared to the consensus revenue estimate of $350.7 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.48%), Baillie Gifford & Co. (2.93%), Nordea Investment Management AB (0.67%), UniSuper Management Pty Ltd (0.47%), Canada Pension Plan Investment Board (0.36%) and Swiss National Bank (0.30%). 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.
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This page (NASDAQ:ENPH) was last updated on 5/18/2024 by MarketBeat.com Staff

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