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 Stock Performance

Enphase Energy stock traded down $3.25 during midday trading on Tuesday, hitting $297.88. The stock had a trading volume of 15,715 shares, compared to its average volume of 4,123,788. The firm's fifty day moving average is $223.88 and its two-hundred day moving average is $189.29. The company has a market capitalization of $40.35 billion, a PE ratio of 210.58, a P/E/G ratio of 2.45 and a beta of 1.50. Enphase Energy has a 52-week low of $113.40 and a 52-week high of $308.88. The company has a current ratio of 3.62, a quick ratio of 3.35 and a debt-to-equity ratio of 2.66.

Enphase Energy (NASDAQ:ENPH - Get Rating) last released its earnings results on Tuesday, July 26th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.15. The company had revenue of $530.20 million during the quarter, compared to analyst estimates of $506.57 million. Enphase Energy had a net margin of 11.71% and a return on equity of 56.60%. On average, research analysts forecast that Enphase Energy will post 2.86 EPS for the current year.

Analyst Ratings Changes

ENPH has been the topic of a number of analyst reports. Craig Hallum upped their price target on shares of Enphase Energy from $213.00 to $271.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Seaport Res Ptn reiterated a "neutral" rating on shares of Enphase Energy in a research note on Sunday, July 31st. Needham & Company LLC upped their price target on shares of Enphase Energy from $255.00 to $275.00 and gave the stock a "buy" rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. upped their target price on shares of Enphase Energy from $261.00 to $321.00 and gave the company an "overweight" rating in a research note on Monday, August 8th. Finally, B. Riley upped their target price on shares of Enphase Energy from $171.00 to $217.00 in a research note on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $271.52.

Insider Buying and Selling at Enphase Energy

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