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Most-Downgraded StocksMost-Downgraded
NASDAQ:ENPH

Enphase Energy (ENPH) Stock Forecast, Price & News

$119.24
-0.91 (-0.76%)
(As of 10:22 AM ET)
Compare
Today's Range
$117.84
▼
$120.66
50-Day Range
$117.16
▼
$179.47
52-Week Range
$116.35
▼
$339.92
Volume
665,280 shs
Average Volume
3.95 million shs
Market Capitalization
$16.26 billion
P/E Ratio
30.04
Dividend Yield
N/A
Price Target
$232.31
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Enphase Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
93.3% Upside
$231.79 Price Target
Short Interest
Bearish
9.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.73mentions of Enphase Energy in the last 14 days
Based on 25 Articles This Week
Insider Trading
Acquiring Shares
$4 M Bought Last Quarter
Proj. Earnings Growth
34.58%
From $3.73 to $5.02 Per Share

Overall MarketRank™

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

3.03 out of 5 stars

Oils/Energy Sector

20th out of 251 stocks

Semiconductors & Related Devices Industry

10th out of 91 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.

ENPH Price History

ENPH Stock News Headlines

September 18, 2023 | marketbeat.com
Against the Grain: 2 Solar Energy Stocks Defying the Sell-Off (ENPH)
Like Icarus, solar stocks flew too close to the sun and burned out in 2023. While the S&P 500 index is trading up 20% year-to-date (YTD), the Invesco Solar ETF
October 2, 2023 | americanbankingnews.com
Analysts Issue Forecasts for Enphase Energy, Inc.'s FY2023 Earnings (NASDAQ:ENPH)
October 2, 2023 | Legacy Research (Ad)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
September 28, 2023 | markets.businessinsider.com
Analysts Are Bullish on Top NA Stocks: Enphase Energy (ENPH), Franco-Nevada (FNV)
September 28, 2023 | finance.yahoo.com
Enphase Energy Releases its Solargraf Design and Proposal Software Platform in Germany and Austria
September 28, 2023 | americanbankingnews.com
Enphase Energy, Inc. to Post Q4 2023 Earnings of $0.71 Per Share, Capital One Financial Forecasts (NASDAQ:ENPH)
September 27, 2023 | cnbc.com
Jim Cramer reviews his top picks in the solar energy space
September 27, 2023 | americanbankingnews.com
Head-To-Head Contrast: Enphase Energy (NASDAQ:ENPH) & Credo Technology Group (NASDAQ:CRDO)
October 2, 2023 | Legacy Research (Ad)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
September 27, 2023 | americanbankingnews.com
Enphase Energy, Inc. (NASDAQ:ENPH) Given Average Recommendation of "Moderate Buy" by Analysts
September 27, 2023 | americanbankingnews.com
Enphase Energy, Inc. (NASDAQ:ENPH) to Post FY2023 Earnings of $3.58 Per Share, Capital One Financial Forecasts
September 23, 2023 | americanbankingnews.com
Bank of America Trims Enphase Energy (NASDAQ:ENPH) Target Price to $114.00
September 22, 2023 | benzinga.com
Enphase Energy Unusual Options Activity For September 22
September 22, 2023 | msn.com
Solar Industry Grapples With Challenges as Invesco Solar ETF, Enphase and Solaredge Show Resilience
September 21, 2023 | msn.com
Enphase upgraded at Seaport, seeing strength in Europe and recovery in U.S.
September 21, 2023 | msn.com
Seaport Research upgrades Enphase Energy stock to 'Buy' amid solar industry recovery anticipation
September 21, 2023 | msn.com
Buy Enphase’s stock before it rises too much, analyst says
September 20, 2023 | msn.com
Enphase's (ENPH) Products See Enhanced Presence in Australia
September 19, 2023 | msn.com
Instacart, Disney, NIO, Bausch Health, Enphase, U.S. Steel, and More Stock Market Movers
September 19, 2023 | benzinga.com
What's Going On With Enphase Energy Stock?
September 19, 2023 | msn.com
Enphase Energy shoots higher as director reports $4M in share purchases
September 19, 2023 | finance.yahoo.com
Unveiling Enphase Energy (ENPH)'s Value: Is It Really Priced Right? A Comprehensive Guide
September 19, 2023 | benzinga.com
$4M Bet On Enphase Energy? Check Out These 3 Stocks Insiders Are Buying
September 18, 2023 | msn.com
ENPH Stock Alert: Enphase Energy Announces Australian Expansion
September 17, 2023 | finance.yahoo.com
Down 55% on the Year, Is Enphase a Buy?
September 15, 2023 | msn.com
JP Morgan Maintains Enphase Energy (ENPH) Overweight Recommendation
September 14, 2023 | markets.businessinsider.com
Wells Fargo Sticks to Its Hold Rating for Enphase Energy (ENPH)
See More Headlines
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ENPH Company Calendar

Last Earnings
7/27/2023
Today
10/02/2023
Next Earnings (Estimated)
10/24/2023
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
$232.31
High Stock Price Forecast
$365.00
Low Stock Price Forecast
$114.00
Forecasted Upside/Downside
+93.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
27 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.97
Trailing P/E Ratio
30.26
Forward P/E Ratio
32.21
P/E Growth
1.58
Net Income
$397.36 million
Net Margins
20.48%
Pretax Margin
23.82%
Return on Equity
71.20%
Return on Assets
19.05%

Debt

Debt-to-Equity Ratio
1.23
Current Ratio
3.44
Quick Ratio
3.22

Sales & Book Value

Annual Sales
$2.33 billion
Price / Sales
7.03
Cash Flow
$3.58 per share
Price / Cash Flow
33.54
Book Value
$6.07 per share
Price / Book
19.79

Miscellaneous

Outstanding Shares
136,350,000
Free Float
129,810,000
Market Cap
$16.38 billion
Optionable
Optionable
Beta
1.52

Social Links

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Key Executives

  • Mr. Badrinarayanan KothandaramanMr. Badrinarayanan Kothandaraman (Age 50)
    Pres, CEO & Director
    Comp: $1.02M
  • Ms. Mandy YangMs. Mandy Yang (Age 47)
    VP & CFO
    Comp: $745.34k
  • Mr. Jeffrey McNeilMr. Jeffrey McNeil (Age 61)
    Chief Advisor
    Comp: $808.35k
  • Mr. Martin Fornage (Age 59)
    Co-Founder
  • Mr. Raghuveer R. Belur (Age 55)
    Co-Founder & Chief Products Officer
  • Mr. Ron Swenson
    VP of Operations
  • Mr. Hans Van Antwerpen
    VP & CTO
  • Karen Sagot
    Head Of Investor Relations
  • Ms. Lisan Hung (Age 54)
    VP, Gen. Counsel & Corp. Sec.
  • Mr. Sunil Thamaran
    VP of HR & MD of India

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?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last twelve months. 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.

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

27 analysts have issued 1-year 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 stock price to reach $232.31 in the next twelve months. This suggests a possible upside of 93.4% 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 on January 1st, 2023. Since then, ENPH stock has decreased by 54.7% and is now trading at $120.15.
View the best growth stocks for 2023 here.

Are investors shorting Enphase Energy?

Enphase Energy saw a increase in short interest in September. As of September 15th, there was short interest totaling 11,900,000 shares, an increase of 11.3% from the August 31st total of 10,690,000 shares. Based on an average daily trading volume, of 3,730,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 9.1% of the company's 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, October 24th 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 Thursday, July, 27th. The semiconductor company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.21. The semiconductor company earned $711.12 million during the quarter, compared to analyst estimates of $726.94 million. Enphase Energy had a trailing twelve-month return on equity of 71.20% and a net margin of 20.48%.
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 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).

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

Enphase Energy issued an update on its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided EPS 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.

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."

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 $120.15.

How much money does Enphase Energy make?

Enphase Energy (NASDAQ:ENPH) has a market capitalization of $16.38 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.

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 10/2/2023 by MarketBeat.com Staff

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