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NASDAQ:ENPHEnphase Energy Stock Price, Forecast & News

$58.19
+2.39 (+4.28 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$55.31
Now: $58.19
$58.54
50-Day Range
$35.51
MA: $48.41
$67.04
52-Week Range
$14.56
Now: $58.19
$70.36
Volume3.77 million shs
Average Volume5.98 million shs
Market Capitalization$7.29 billion
P/E Ratio34.43
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.58 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryElectrical Components & Equipment
SectorOils/Energy
Current SymbolNASDAQ:ENPH
CUSIP29355A10
Phone707-774-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$624.33 million
Cash Flow$0.86 per share
Book Value$2.53 per share

Profitability

Net Income$161.15 million

Miscellaneous

Employees427
Market Cap$7.29 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 shares have increased by 39.4% and is now trading at $58.19. View which stocks have been most impacted by Coronavirus.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last year. There are currently 4 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) announced its quarterly earnings results on Tuesday, May, 5th. The semiconductor company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.14. The semiconductor company earned $205.50 million during the quarter, compared to analysts' expectations of $203.31 million. Enphase Energy had a net margin of 31.15% and a return on equity of 71.56%. The company's revenue was up 105.3% compared to the same quarter last year. During the same period in the previous year, the business posted $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?

13 brokerages have issued 1 year target prices 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 $61.09 in the next year. This suggests a possible upside of 5.0% 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?

Press coverage about ENPH stock has been trending somewhat negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Enphase Energy earned a daily sentiment score of -1.1 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 press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutEnphase Energy.

Are investors shorting Enphase Energy?

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

Who are some of Enphase Energy's key 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 many different institutional and retail investors. Top institutional shareholders 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 major 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 major 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 $58.19.

How big of a company is Enphase Energy?

Enphase Energy has a market capitalization of $7.29 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 5/30/2020 by MarketBeat.com Staff

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