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.

Enphase Energy Trading Up 1.7 %

ENPH Stock traded up $5.09 during midday trading on Friday, hitting $300.91. 3,669,754 shares of the company's stock were exchanged, compared to its average volume of 4,163,837. The business has a 50-day simple moving average of $211.58 and a two-hundred day simple moving average of $181.68. The company has a current ratio of 3.62, a quick ratio of 3.35 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $40.76 billion, a PE ratio of 210.43, a P/E/G ratio of 2.51 and a beta of 1.50. Enphase Energy has a 1-year low of $113.40 and a 1-year high of $305.88.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Craig Hallum increased their price objective on Enphase Energy from $213.00 to $271.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Needham & Company LLC increased their price objective on Enphase Energy from $255.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, July 27th. Piper Sandler increased their price objective on Enphase Energy from $230.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 27th. KeyCorp increased their price objective on Enphase Energy from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday, July 27th. Finally, Oppenheimer increased their price objective on Enphase Energy to $315.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat, Enphase Energy has an average rating of "Moderate Buy" and an average target price of $262.52.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman sold 77,700 shares of the stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $196.42, for a total transaction of $15,261,834.00. Following the sale, the chief executive officer now owns 1,097,701 shares of the company's stock, valued at $215,610,430.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Richard Mora sold 2,825 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $297.33, for a total value of $839,957.25. Following the sale, the director now owns 1,600 shares of the company's stock, valued at $475,728. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Badrinarayanan Kothandaraman sold 77,700 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $196.42, for a total transaction of $15,261,834.00. Following the completion of the transaction, the chief executive officer now owns 1,097,701 shares in the company, valued at $215,610,430.42. The disclosure for this sale can be found here. Insiders have sold 192,497 shares of company stock worth $41,130,902 over the last three months. Company insiders own 4.80% of the company's stock.