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.

Analyst Upgrades and Downgrades

Several brokerages have commented on ENPH. Cowen lifted their price objective on shares of Enphase Energy from $227.00 to $240.00 in a research note on Wednesday, April 27th. JPMorgan Chase & Co. upped their target price on shares of Enphase Energy from $261.00 to $321.00 and gave the stock an "overweight" rating in a report on Monday. Piper Sandler upped their target price on shares of Enphase Energy from $230.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 27th. Seaport Res Ptn reaffirmed a "neutral" rating on shares of Enphase Energy in a report on Sunday, July 31st. Finally, B. Riley upped their target price on shares of Enphase Energy from $171.00 to $217.00 in a report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $271.52.

Enphase Energy Stock Down 3.4 %

Shares of ENPH opened at $292.90 on Friday. The stock has a market capitalization of $39.68 billion, a PE ratio of 204.83, a P/E/G ratio of 2.42 and a beta of 1.50. Enphase Energy has a 1 year low of $113.40 and a 1 year high of $308.88. The company has a debt-to-equity ratio of 2.66, a quick ratio of 3.35 and a current ratio of 3.62. The company's 50-day simple moving average is $219.94 and its 200-day simple moving average is $185.88.

Enphase Energy (NASDAQ:ENPH - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.54 by $0.15. The company had revenue of $530.20 million for 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%. Analysts forecast that Enphase Energy will post 2.81 earnings per share for the current fiscal year.

Insider Transactions at Enphase Energy

In other news, Director Joseph Ian Malchow sold 12,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $188.00, for a total transaction of $2,350,000.00. Following the transaction, the director now directly owns 67,590 shares in the company, valued at $12,706,920. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Joseph Ian Malchow sold 12,500 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $188.00, for a total transaction of $2,350,000.00. Following the completion of the sale, the director now directly owns 67,590 shares of the company's stock, valued at $12,706,920. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven J. Gomo sold 35,822 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $279.21, for a total value of $10,001,860.62. Following the sale, the director now directly owns 41,456 shares of the company's stock, valued at $11,574,929.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 199,553 shares of company stock worth $43,198,403. Insiders own 4.80% of the company's stock.