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Buffett's company owns nearly 24% of Occidental Petroleum
S&P 500   3,971.27
DOW   32,394.25
QQQ   307.12
Walgreens Boots Alliance: Blue Chip, High-Yield Turnaround Story
A 100% Win Rate In 2022… (Ad)pixel
Here’s Why Viking Therapeutics Rose Over 50% on Obesity Drug Data
Roku And The 20% Rally That’s About To Start 
A 100% Win Rate In 2022… (Ad)pixel
3 Undervalued Dividend Payers For Volatile Market Conditions
The Bottom Is In For McCormick & Company
"Prepare for Five Years of Famine" (Ad)
3 More Downgrades To Put On Your Buy List 
Buffett's company owns nearly 24% of Occidental Petroleum
S&P 500   3,971.27
DOW   32,394.25
QQQ   307.12
Walgreens Boots Alliance: Blue Chip, High-Yield Turnaround Story
A 100% Win Rate In 2022… (Ad)pixel
Here’s Why Viking Therapeutics Rose Over 50% on Obesity Drug Data
Roku And The 20% Rally That’s About To Start 
A 100% Win Rate In 2022… (Ad)pixel
3 Undervalued Dividend Payers For Volatile Market Conditions
The Bottom Is In For McCormick & Company
"Prepare for Five Years of Famine" (Ad)
3 More Downgrades To Put On Your Buy List 
Buffett's company owns nearly 24% of Occidental Petroleum
S&P 500   3,971.27
DOW   32,394.25
QQQ   307.12
Walgreens Boots Alliance: Blue Chip, High-Yield Turnaround Story
A 100% Win Rate In 2022… (Ad)pixel
Here’s Why Viking Therapeutics Rose Over 50% on Obesity Drug Data
Roku And The 20% Rally That’s About To Start 
A 100% Win Rate In 2022… (Ad)pixel
3 Undervalued Dividend Payers For Volatile Market Conditions
The Bottom Is In For McCormick & Company
"Prepare for Five Years of Famine" (Ad)
3 More Downgrades To Put On Your Buy List 
Buffett's company owns nearly 24% of Occidental Petroleum
NASDAQ:ENPH

Enphase Energy - ENPH Stock Forecast, Price & News

$193.52
-2.31 (-1.18%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$190.62
$196.60
50-Day Range
$183.64
$250.31
52-Week Range
$128.67
$339.92
Volume
1.80 million shs
Average Volume
3.75 million shs
Market Capitalization
$26.42 billion
P/E Ratio
69.86
Dividend Yield
N/A
Price Target
$303.08

Enphase Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
56.6% Upside
$303.08 Price Target
Short Interest
Healthy
4.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
1.26mentions of Enphase Energy in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$2.49 M Sold Last Quarter
Proj. Earnings Growth
53.06%
From $3.92 to $6.00 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Oils/Energy Sector

18th out of 250 stocks

Semiconductors & Related Devices Industry

1st out of 87 stocks


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

MarketBeat Week in Review – 3/20 - 3/24 (ENPH)
This week, the Federal Reserve raised interest rates by 25 basis points; that wasn't surprising, but investors are still looking for safe-haven assets
Enphase Energy is Still a Buy for Long-Term Growth Investors
Despite a recent price drop, Enphase Energy stock is still an opportunity for risk-tolerant investors looking to invest in our renewable energy future
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Enphase Energy's Debt Overview
19 Analysts Have This to Say About Enphase Energy
See More Headlines
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ENPH Company Calendar

Last Earnings
10/26/2021
Today
3/29/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:ENPH
CUSIP
29355A10
Employees
2,821
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$303.08
High Stock Price Forecast
$379.00
Low Stock Price Forecast
$225.00
Forecasted Upside/Downside
+56.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
26 Analysts

Profitability

Net Income
$397.36 million
Pretax Margin
19.39%

Debt

Sales & Book Value

Annual Sales
$2.33 billion
Cash Flow
$3.54 per share
Book Value
$6.07 per share

Miscellaneous

Free Float
129,945,000
Market Cap
$26.42 billion
Optionable
Optionable
Beta
1.49

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













ENPH Stock - Frequently Asked Questions

Should I buy or sell Enphase Energy stock right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last twelve months. There are currently 5 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street 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?

26 Wall Street research analysts have issued twelve-month target prices for Enphase Energy's stock. Their ENPH share price forecasts range from $225.00 to $379.00. On average, they anticipate the company's stock price to reach $303.08 in the next year. This suggests a possible upside of 56.6% 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 on January 1st, 2023. Since then, ENPH shares have decreased by 27.0% and is now trading at $193.52.
View the best growth stocks for 2023 here
.

Are investors shorting Enphase Energy?

Enphase Energy saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 5,530,000 shares, a decline of 8.0% from the February 28th total of 6,010,000 shares. Based on an average trading volume of 4,230,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 4.2% of the company's stock are short sold.
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, April 25th 2023.
View our ENPH earnings forecast
.

How were Enphase Energy's earnings last quarter?

Enphase Energy, Inc. (NASDAQ:ENPH) posted its earnings results on Tuesday, October, 26th. The semiconductor company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.11. The semiconductor company had revenue of $351.52 million for the quarter, compared to analysts' expectations of $343.77 million. Enphase Energy had a trailing twelve-month return on equity of 80.12% and a net margin of 17.05%. Enphase Energy's quarterly revenue was up 96.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS.
Read the conference call transcript
.

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

Enphase Energy updated its first quarter 2023 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $700.00 million-$740.00 million, compared to the consensus revenue estimate of $690.46 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 many different institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (2.09%), Susquehanna International Group LLP (0.00%), Two Sigma Advisers LP (0.98%), Jennison Associates LLC (0.96%), Norges Bank (0.90%) and Voya Investment Management LLC (0.75%). 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, Moreno Isidoro Quiroga, 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 $193.52.

How much money does Enphase Energy make?

Enphase Energy (NASDAQ:ENPH) has a market capitalization of $26.42 billion and generates $2.33 billion in revenue each year. The semiconductor company earns $397.36 million in net income (profit) each year or $2.77 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 3/29/2023 by MarketBeat.com Staff