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Soaring EV Industry Keeps Investor Focus on Lithium (Ad)
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REV Group Shifts Into High Gear: Double-Digit Upside Ahead
S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
Soaring EV Industry Keeps Investor Focus on Lithium (Ad)
Stock market today: European shares slip, Asian shares higher after Wall St's return to bull market
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
Soaring EV Industry Keeps Investor Focus on Lithium (Ad)
The S&P 500 is in a bull market. Here's what that means and how long the bull might run
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
Graphite versus Lithium - What Investors Should Know (Ad)
6 Best Online and Direct Marketing Retail Stocks to Invest in
REV Group Shifts Into High Gear: Double-Digit Upside Ahead
S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
Soaring EV Industry Keeps Investor Focus on Lithium (Ad)
Stock market today: European shares slip, Asian shares higher after Wall St's return to bull market
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
Soaring EV Industry Keeps Investor Focus on Lithium (Ad)
The S&P 500 is in a bull market. Here's what that means and how long the bull might run
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
Graphite versus Lithium - What Investors Should Know (Ad)
6 Best Online and Direct Marketing Retail Stocks to Invest in
REV Group Shifts Into High Gear: Double-Digit Upside Ahead
Most-Downgraded StocksMost-Downgraded
NASDAQ:ENPH

Enphase Energy (ENPH) Stock Forecast, Price & News

$181.40
-0.69 (-0.38%)
(As of 06/8/2023 ET)
Compare
Today's Range
$179.57
▼
$183.93
50-Day Range
$152.88
▼
$227.87
52-Week Range
$152.15
▼
$339.92
Volume
1.80 million shs
Average Volume
2.91 million shs
Market Capitalization
$24.85 billion
P/E Ratio
53.04
Dividend Yield
N/A
Price Target
$280.48
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Enphase Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
54.6% Upside
$280.48 Price Target
Short Interest
Healthy
5.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.24
Upright™ Environmental Score
News Sentiment
1.07mentions of Enphase Energy in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$6.04 M Bought Last Quarter
Proj. Earnings Growth
42.55%
From $4.23 to $6.03 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.30 out of 5 stars

Oils/Energy Sector

10th out of 247 stocks

Semiconductors & Related Devices Industry

1st out of 87 stocks

See Top Rated MarketRank™ Stocks Here

ENPH stock logo

About Enphase Energy (NASDAQ:ENPH) Stock

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.

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ENPH Stock News Headlines

May 16, 2023 | marketbeat.com
First Solar Rises to a 15-Year High on Sunny Takeover Deal (ENPH)
First Solar is shining again, trading at its highest level since 2008 thanks to an astute buyout and positive regulatory news.
June 5, 2023 | msn.com
The Bottom Fishing Club: Enphase Energy
June 9, 2023 | Edge On The Street (Ad)
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
June 4, 2023 | msn.com
7 Best Stocks to Buy in June 2023
June 4, 2023 | americanbankingnews.com
Zacks Research Equities Analysts Boost Earnings Estimates for Enphase Energy, Inc. (NASDAQ:ENPH)
June 3, 2023 | americanbankingnews.com
Insider Selling: Enphase Energy, Inc. (NASDAQ:ENPH) Director Sells $248,880.00 in Stock
June 1, 2023 | msn.com
What's Going On With Enphase Energy Stock This Week?
June 1, 2023 | benzinga.com
Board Member at Enphase Energy Exercises Options Worth $263K
June 9, 2023 | Edge On The Street (Ad)
All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
June 1, 2023 | americanbankingnews.com
Enphase Energy, Inc. (NASDAQ:ENPH) EVP David A. Ranhoff Sells 1,791 Shares of Stock
May 31, 2023 | msn.com
Enphase (ENPH) Extends Distribution Deal With Natec in Europe
May 30, 2023 | msn.com
Enphase Energy and Natec expand footprint in Europe
May 30, 2023 | msn.com
Enphase Energy Strengthens Ties With Natec In Europe
May 28, 2023 | americanbankingnews.com
Brokerages Set Enphase Energy, Inc. (NASDAQ:ENPH) Price Target at $280.04
May 26, 2023 | americanbankingnews.com
Barclays Trims Enphase Energy (NASDAQ:ENPH) Target Price to $226.00
May 19, 2023 | americanbankingnews.com
Traders Buy High Volume of Put Options on Enphase Energy (NASDAQ:ENPH)
May 18, 2023 | finance.yahoo.com
Best Stocks to Buy Now: Is Enphase Energy Stock a Buy?
May 18, 2023 | msn.com
Enphase Energy: I Am Buying And Loading Up On Any Future Drawdown
May 17, 2023 | marketwatch.com
Energy Storage For Microgrid Market Size 2023 Will Grow Rapidly Another Level in The Forthcoming Year
May 16, 2023 | msn.com
Enphase: Fortune Favors The Brave Now
May 12, 2023 | msn.com
Unusual Put Option Trade in Enphase Energy (ENPH) Worth $17,745.00K
May 11, 2023 | markets.businessinsider.com
3 Solar Stocks Set to Shine in the Clean Energy Transition
May 11, 2023 | 247wallst.com
Unusual Put Option Trade in Enphase Energy Worth $17,745K
May 11, 2023 | seekingalpha.com
Enphase: Sell-Off Presents Opportunity To Buy Quality Solar Leader
May 8, 2023 | benzinga.com
Enphase Energy Expands IQ8 Microinverter Deployments in Mexico
May 8, 2023 | msn.com
Enphase Energy: Substantial Room For Growth But Still Too Expensive
May 5, 2023 | msn.com
Enphase Energy Stock Is Up Over 3,000% In 5 Years, Can It Keep Going?
See More Headlines

ENPH Price History

ENPH Company Calendar

Last Earnings
10/26/2021
Today
6/09/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
Electrical Components & Equipment
Sector
Oils/Energy
Current Symbol
NASDAQ:ENPH
CUSIP
29355A10
CIK
1463101
Web
www.enphase.com
Phone
(877) 774-7000
Fax
302-636-5454
Employees
2,821
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$280.48
High Stock Price Forecast
$365.00
Low Stock Price Forecast
$169.00
Forecasted Upside/Downside
+54.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
28 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.42
Trailing P/E Ratio
53.04
Forward P/E Ratio
42.88
P/E Growth
1.66
Net Income
$397.36 million
Net Margins
18.83%
Pretax Margin
21.93%
Return on Equity
74.86%
Return on Assets
18.44%

Debt

Debt-to-Equity Ratio
1.24
Current Ratio
3.45
Quick Ratio
3.24

Sales & Book Value

Annual Sales
$2.33 billion
Price / Sales
10.66
Cash Flow
$3.56 per share
Price / Cash Flow
50.98
Book Value
$6.07 per share
Price / Book
29.88

Miscellaneous

Outstanding Shares
137,000,000
Free Float
130,424,000
Market Cap
$24.85 billion
Optionable
Optionable
Beta
1.50

Social Links


Key Executives

  • Badrinarayanan KothandaramanBadrinarayanan Kothandaraman
    President, Chief Executive Officer & Director
  • Ron Swenson
    Vice President-Operations
  • Mandy YangMandy Yang
    Treasurer, Chief Accounting & Financial Officer
  • Mike LaBouff
    VP-New Product & Information Technology
  • Hans van Antwerpen
    Chief Technology Officer & Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













ENPH Stock - Frequently Asked Questions

Should I buy or sell Enphase Energy stock right now?

28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ENPH shares.
View ENPH analyst ratings or view top-rated stocks.

What is Enphase Energy's stock price forecast for 2023?

28 Wall Street analysts have issued 1 year target prices for Enphase Energy's shares. Their ENPH share price forecasts range from $169.00 to $365.00. On average, they predict the company's share price to reach $280.48 in the next year. This suggests a possible upside of 54.6% 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 2023?

Enphase Energy's stock was trading at $264.96 at the beginning of 2023. Since then, ENPH shares have decreased by 31.5% and is now trading at $181.40.
View the best growth stocks for 2023 here.

Are investors shorting Enphase Energy?

Enphase Energy saw a decline in short interest in May. As of May 15th, there was short interest totaling 6,900,000 shares, a decline of 8.7% from the April 30th total of 7,560,000 shares. Based on an average trading volume of 3,930,000 shares, the short-interest ratio is presently 1.8 days. Currently, 5.2% of the shares of the stock are sold short.
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, July 25th 2023.
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, topping the consensus estimate 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 net margin of 18.83% and a trailing twelve-month return on equity of 74.86%. The firm's revenue was up 96.9% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS.
Read the conference call transcript.

What ETFs hold Enphase Energy's stock?

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

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

Enphase Energy issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $700.00 million-$750.00 million, compared to the consensus revenue estimate of $772.96 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).

What is Enphase Energy's stock symbol?

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

Who are Enphase Energy's major shareholders?

Enphase Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (2.11%), Mizuho Markets Americas LLC (1.70%), Susquehanna International Group LLP (0.00%), First Trust Advisors LP (0.71%), Renaissance Technologies LLC (0.69%) and Arrowstreet Capital Limited Partnership (0.65%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Enphase Energy's stock price today?

One share of ENPH stock can currently be purchased for approximately $181.40.

How much money does Enphase Energy make?

Enphase Energy (NASDAQ:ENPH) has a market capitalization of $24.85 billion and generates $2.33 billion in revenue each year. The semiconductor company earns $397.36 million in net income (profit) each year or $3.42 on an earnings per share basis.

How many employees does Enphase Energy have?

The company employs 2,821 workers across the globe.

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
How can I contact Enphase Energy?

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.

This page (NASDAQ:ENPH) was last updated on 6/9/2023 by MarketBeat.com Staff

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