Enphase Energy - ENPH Stock Forecast, Price & News

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

Wall Street Analyst Weigh In

ENPH has been the topic of several recent research reports. Seaport Res Ptn reaffirmed a "neutral" rating on shares of Enphase Energy in a research note on Sunday, July 31st. Cowen lifted their price objective on shares of Enphase Energy from $240.00 to $278.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Truist Financial lifted their price objective on shares of Enphase Energy to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $290.00 price objective (up previously from $244.00) on shares of Enphase Energy in a research note on Thursday, July 28th. Finally, KeyCorp lifted their price objective on shares of Enphase Energy from $230.00 to $363.00 and gave the stock an "overweight" rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $271.52.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $299.26 on Friday. The company has a quick ratio of 3.35, a current ratio of 3.62 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $40.54 billion, a PE ratio of 209.27, a price-to-earnings-growth ratio of 2.53 and a beta of 1.50. The company has a 50 day moving average price of $222.00 and a two-hundred day moving average price of $187.11. Enphase Energy has a 12-month low of $113.40 and a 12-month high of $308.88.

Enphase Energy (NASDAQ:ENPH - Get Rating) last posted its earnings results on Tuesday, July 26th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. The firm had revenue of $530.20 million during the quarter, compared to analysts' expectations of $506.57 million. Enphase Energy had a net margin of 11.71% and a return on equity of 56.60%. As a group, equities analysts predict that Enphase Energy will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,687 shares of Enphase Energy stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $292.96, for a total value of $494,223.52. Following the completion of the sale, the chief financial officer now directly owns 107,149 shares in the company, valued at $31,390,371.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Mandy Yang sold 1,687 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $292.96, for a total value of $494,223.52. Following the completion of the sale, the chief financial officer now directly owns 107,149 shares in the company, valued at $31,390,371.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David A. Ranhoff sold 5,369 shares of the business's stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $293.03, for a total transaction of $1,573,278.07. Following the completion of the sale, the executive vice president now owns 92,902 shares of the company's stock, valued at $27,223,073.06. The disclosure for this sale can be found here. Insiders sold 199,553 shares of company stock worth $43,198,403 over the last ninety days. 4.80% of the stock is currently owned by insiders.