NASDAQ:ENPHEnphase Energy Stock Price, Forecast & News

$58.43

+2.01 (+3.56 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$58.05

Now: $58.43▼

$61.16

50-Day Range

$28.69

MA: $46.93▼

$67.04

52-Week Range

$14.56

Now: $58.43▼

$70.36

Volume5.30 million shs

Average Volume6.70 million shs

Market Capitalization$7.32 billion

P/E Ratio34.57

Dividend YieldN/A

Beta1.07

Enphase Energy, Inc., together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that 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 sells its solutions primarily to distributors, as well as directly to large installers, original equipment manufacturers, strategic partners, and homeowners. Enphase Energy, Inc. was founded in 2006 and is headquartered in Fremont, California.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Enphase Energy has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $59.91, Enphase Energy has a potential upside of 2.5% from its current price of $58.43.
Amount of Analyst Coverage
Enphase Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Enphase Energy has received 581 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Enphase Energy has received 505 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Enphase Energy has received 53.50% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Enphase Energy and other stocks. Vote “Outperform” if you believe ENPH will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ENPH will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Enphase Energy does not currently pay a dividend.
Dividend Growth
Enphase Energy does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enphase Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $820,434,148.00 in company stock.
Percentage Held by Insiders
Only 7.10% of the stock of Enphase Energy is held by insiders.
Percentage Held by Institutions
55.31% of the stock of Enphase Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Enphase Energy are expected to grow by 51.25% in the coming year, from $0.80 to $1.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Enphase Energy is 34.57, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enphase Energy is 34.57, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.61.
Price to Book Value per Share Ratio
Enphase Energy has a P/B Ratio of 26.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.59 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustryElectrical Components & Equipment

SectorOils/Energy

Current SymbolNASDAQ:ENPH

Previous Symbol

CUSIP29355A10

CIK1463101

Webwww.enphase.com

Phone707-774-7000

Debt

Debt-to-Equity Ratio0.93

Current Ratio3.22

Quick Ratio3.07

Price-To-Earnings

Trailing P/E Ratio34.57

Forward P/E Ratio73.04

P/E GrowthN/A

Sales & Book Value

Annual Sales$624.33 million

Price / Sales11.72

Cash Flow$0.85 per share

Price / Cash Flow68.44

Book Value$2.22 per share

Price / Book26.32

Profitability

EPS (Most Recent Fiscal Year)$0.67

Net Income$161.15 million

Net Margins31.15%

Return on Equity71.56%

Return on Assets22.33%

Miscellaneous

Employees427

Outstanding Shares125,212,000

Market Cap$7.32 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Enphase Energy (NASDAQ:ENPH) Frequently Asked Questions

How has Enphase Energy's stock been impacted by COVID-19 (Coronavirus)?

Enphase Energy's stock was trading at $41.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ENPH stock has increased by 40.0% and is now trading at $58.43. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Enphase Energy?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Enphase Energy.

When is Enphase Energy's next earnings date?

Enphase Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Enphase Energy.

How were Enphase Energy's earnings last quarter?

Enphase Energy Inc (NASDAQ:ENPH) released its quarterly earnings results on Tuesday, May, 5th. The semiconductor company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.24 by $0.14. The semiconductor company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $203.31 million. Enphase Energy had a return on equity of 71.56% and a net margin of 31.15%. The business's quarterly revenue was up 105.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. View Enphase Energy's earnings history.

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

Enphase Energy updated its second quarter 2020 After-Hours earnings guidance on Tuesday, May, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $115-130 million, compared to the consensus revenue estimate of $150.6 million.

What price target have analysts set for ENPH?

12 brokers have issued twelve-month price objectives for Enphase Energy's stock. Their forecasts range from $40.00 to $120.00. On average, they anticipate Enphase Energy's share price to reach $59.91 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View analysts' price targets for Enphase Energy.

What are Wall Street analysts saying about Enphase Energy stock?

Here are some recent quotes from research analysts about Enphase Energy stock:

1. According to Zacks Investment Research, "Enphase Energy outperformed the industry in a year’s time. The company revolutionized the solar industry by pioneering a semiconductor-based microinverter, which converts energy at the individual solar module level. To capture larger shares of the expanding solar market and improve customer reliability, the company constantly innovates new versions of its family of microinverters, which is an added positive. In mid-2020, Enphase is set to launch its next-generation microinverter system, IQ 8. In a bid to stand out in the competitive solar microinverter market, Enphase acquired SunPower’s microinverter business last August. In 2019, management expects a ramp up in volume shipments for its IQ7Xs product, thereby providing a boost to its prospects. However, component shortages are hurting the company’s growth trajectory." (10/1/2019)
2. Northland Securities analysts commented, "We believe the killer application for solar is grid independence. ENPH is a leading supplier of energy efficient microinverters that are used to convert electricity from solar panels to AC. ENPH Ensemble 1.0 product offering enables solar systems to be grid independent. Early next year, ENPH will enable grid independence without storage as it launches its iQ8 inverter. Its Ensemble 2.0 product offering enabled by iQ8 increases its revenue opportunity per home from $2K to $10K." (6/26/2019)
3. HC Wainwright analysts commented, "We believe key drivers for 2019 include: (1) continued expansion of IQ7 sales globally; and (2) growth in integrated AC module (ACM) sales through various partnerships. The IQ8 microinverters, based on the company’s grid-agnostic Ensemble technology should provide significant upside to the story in the mid-to-long term. We expect the company’s topline to increase from $492.4M in 2019 to $879.3M in 2025, growing at a six-year CAGR of 10.1%. We are assuming operating expenses to grow at a six-year CAGR of 3.8% from $108.8M in 2019 to $136.4M in 2025." (6/20/2019)

Has Enphase Energy been receiving favorable news coverage?

Media stories about ENPH stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Enphase Energy earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned news coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutEnphase Energy.

Are investors shorting Enphase Energy?

Enphase Energy saw a drop in short interest in May. As of May 15th, there was short interest totaling 13,070,000 shares, a drop of 8.2% from the April 30th total of 14,230,000 shares. Based on an average daily trading volume, of 7,170,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 12.4% of the shares of the stock are short sold. View Enphase Energy's Current Options Chain.

Who are some of Enphase Energy's key competitors?

Some companies that are related to Enphase Energy include Roper Technologies (ROP), Emerson Electric (EMR), Eaton (ETN), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), II-VI (IIVI), Acuity Brands (AYI), Regal Beloit (RBC), Brady (BRC), EnerSys (ENS), Vicor (VICR), Franklin Electric (FELE), Belden (BDC) and Encore Wire (WIRE). View all competitors.

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), Alibaba Group (BABA), Tesla (TSLA), Solaredge Technologies (SEDG), Netflix (NFLX), Square (SQ), Micron Technology (MU), Walt Disney (DIS) and Paypal (PYPL).

Who are Enphase Energy's key executives?

Enphase Energy's management team includes the following people:

Mr. Badrinarayanan Kothandaraman, Pres, CEO & Director (Age 46)
Mr. Eric Branderiz, CFO & VP (Age 54)
Mr. David A. Ranhoff, VP & Chief Commercial Officer (Age 63)
Mr. Martin Fornage, Co-Founder & CTO (Age 55)
Mr. Raghuveer R. Belur, Co-Founder & Chief Products Officer (Age 51)

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.02%), Invesco Ltd. (1.88%), State Street Corp (1.55%), Granahan Investment Management Inc. MA (1.22%), Geode Capital Management LLC (1.03%) and Park West Asset Management LLC (0.96%). Company insiders that own Enphase Energy stock include Badrinarayanan Kothandaraman, David A Ranhoff, Eric Branderiz, Jeff Mcneil, Mandy Yang, Moreno Isidoro Quiroga, Richard Mora and Thurman J Rodgers. View institutional ownership trends for Enphase Energy.

Which institutional investors are selling Enphase Energy stock?

ENPH stock was sold by a variety of institutional investors in the last quarter, including Park West Asset Management LLC, Nuveen Asset Management LLC, Granahan Investment Management Inc. MA, Waddell & Reed Financial Inc., Luminus Management LLC, Driehaus Capital Management LLC, Morgan Stanley, and Morgan Stanley. Company insiders that have sold Enphase Energy company stock in the last year include Badrinarayanan Kothandaraman, David A Ranhoff, Jeff Mcneil, Mandy Yang, Moreno Isidoro Quiroga, Richard Mora, and Thurman J Rodgers. View insider buying and selling activity for Enphase Energy.

Which institutional investors are buying Enphase Energy stock?

ENPH stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Sylebra Capital Ltd, Advisor Group Holdings Inc., Arosa Capital Management LP, Alliancebernstein L.P., Trexquant Investment LP, and Hartline Investment Corp. Company insiders that have bought Enphase Energy stock in the last two years include Badrinarayanan Kothandaraman, and Eric Branderiz. View insider buying and selling activity for Enphase Energy.

How do I buy shares of Enphase Energy?

Shares of ENPH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Enphase Energy's stock price today?

One share of ENPH stock can currently be purchased for approximately $58.43.

How big of a company is Enphase Energy?

Enphase Energy has a market capitalization of $7.32 billion and generates $624.33 million in revenue each year. The semiconductor company earns $161.15 million in net income (profit) each year or $0.67 on an earnings per share basis. Enphase Energy employs 427 workers across the globe.

What is Enphase Energy's official website?

The official website for Enphase Energy is www.enphase.com.

How can I contact Enphase Energy?

Enphase Energy's mailing address is 47281 BAYSIDE PARKWAY, FREMONT CA, 94538. The semiconductor company can be reached via phone at 707-774-7000 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff