NASDAQ:ENPH

Enphase Energy (ENPH) Stock Forecast, Price & News

$178.80

+4.92 (+2.83%)

(As of 12:16 PM ET)

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Today's Range: $172.30
▼
$180.67
50-Day Range: $152.88
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$227.87
52-Week Range: $152.15
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$339.92

Volume: 1.30 million shs
Average Volume: 4.21 million shs
Market Capitalization: $24.50 billion

P/E Ratio: 52.28
Dividend Yield: N/A
Price Target: $280.48

Enphase Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 61.4% Upside
$280.48 Price Target
Short Interest: Healthy
5.18% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.24
Upright™ Environmental Score
News Sentiment: 0.29
Based on 9 Articles This Week
Insider Trading: Acquiring Shares
$6.04 M Bought Last Quarter
Proj. Earnings Growth: 42.38%
From $4.20 to $5.98 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.07 out of 5 stars

Oils/Energy Sector

14th out of 249 stocks

Semiconductors & Related Devices Industry

3rd out of 89 stocks

4.4

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 22 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $280.48, Enphase Energy has a forecasted upside of 61.4% from its current price of $173.76.
Amount of Analyst Coverage
Enphase Energy has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
5.18% of the float of Enphase Energy has been sold short.
Short Interest Ratio / Days to Cover
Enphase Energy has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Enphase Energy has recently decreased by 8.73%, indicating that investor sentiment is improving significantly.

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.

4.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Enphase Energy has received a 55.01% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Installation services of solar panels", "Smart electricity grid software", and "Energy usage data analysis software" products. See details.
Environmental Sustainability
The Environmental Impact score for Enphase Energy is -1.24.

1.3

News and Social Media Coverage

News Sentiment
Enphase Energy has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Enphase Energy this week, compared to 10 articles on an average week.
Search Interest
Only 128 people have searched for ENPH on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.
MarketBeat Follows
Only 55 people have added Enphase Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -5% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enphase Energy insiders have bought 295.18% more of their company's stock than they have sold. Specifically, they have bought $6,039,362.00 in company stock and sold $1,528,274.00 in company stock.
Percentage Held by Insiders
Only 4.80% of the stock of Enphase Energy is held by insiders.
Percentage Held by Institutions
73.79% of the stock of Enphase Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Enphase Energy are expected to grow by 42.38% in the coming year, from $4.20 to $5.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Enphase Energy is 50.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enphase Energy is 50.81, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 49.27.
Price to Earnings Growth Ratio
Enphase Energy has a PEG Ratio of 1.59. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Enphase Energy has a P/B Ratio of 24.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Enphase Energy (NASDAQ:ENPH) Stock

Enphase Energy, Inc. is a US-based technology company focused on the solar power industry. It was founded in 2006 by Martin Fornage and partner Raghu Belur after inspiration from Fornage. The company’s goal is to help residential consumers harness the sun for daily use and provide the ability to sell excess production back to the grid.

Mr. Fornage noticed a low-performance problem with a solar array at his ranch. The array was linked to a central inverter, as most are still to this day which poses a problem. When linked together, the DC current generated by an array of solar panels is limited to the weakest output. To solve this issue, Fornage and the company will develop proprietary microinverters and install one on the back of each panel of an array, an arrangement that increases output and total efficiency. The solar inverter is important because solar panels generate DC current which is not compatible with the electric grid, it converts the DC to AC and is a necessary component of all solar power generating facilities.

The company launched its first product, the M175, following a capital raise in 2007. The follow-up product, the M190, sold about 400,000 units in its first year alone and helped the company secure 13% of the residential market share by 2010. Enphase went public in 2012 and then decided to enter the battery-storage industry as well. The company will continue growing through 2020, releasing new products and entering new markets. By the end of 2020, Enphase has 48% of the US residential inverter market which is more than 70% of the world microinverter market but less than 2% of the total inverter market.

The post-2020 period is focused on new acquisitions and building out an SaaS network for home power generation and storage. By the end of 2022, the company had sold more than 50 million inverters, expanding its offerings and deepening its penetration. Part of the strategy is to branch out into services, including microinverter solutions for small businesses.

Today, Enphase Energy operates through a network of subsidiaries. The company is in business designing and developing solar power and alternative energy solutions for the residential market. It manufactures and sells semiconductor-based home energy solutions including microinverters, batteries, solar leads and software solutions to help operate and maintain the systems. Total revenue in 2021 topped $1.38 billion.

Among the many products now offered are EV charging stations. The Clipper Creek subsidiary is the leader in home EV charging solutions and will install a model best suited for each consumer's make and model vehicle. Chargers are compatible with all models sold in the US and come with a 25-foot charging cable for ultimate flexibility.

Enphase is helping to accelerate the shift to solar power by making solar power generation and storage more accessible and affordable for residential consumers. The future of renewable energy is broad networks of micro-generating facilities, such as homes and small businesses, that are backed up by battery storage capacity.

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ENPH Stock News Headlines

May 16, 2023 | marketbeat.com

First Solar Rises to a 15-Year High on Sunny Takeover Deal (ENPH)

First Solar is shining again, trading at its highest level since 2008 thanks to an astute buyout and positive regulatory news.

May 4, 2023 | marketbeat.com

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June 1, 2023 | americanbankingnews.com

Enphase Energy, Inc. (NASDAQ:ENPH) EVP David A. Ranhoff Sells 1,791 Shares of Stock

May 31, 2023 | msn.com

Enphase (ENPH) Extends Distribution Deal With Natec in Europe

May 30, 2023 | msn.com

Enphase Energy and Natec expand footprint in Europe

May 30, 2023 | msn.com

Enphase Energy Strengthens Ties With Natec In Europe

May 28, 2023 | americanbankingnews.com

Brokerages Set Enphase Energy, Inc. (NASDAQ:ENPH) Price Target at $280.04

June 1, 2023 | Edge On The Street (Ad)

AI is Unstoppable. Now Is The Time!

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May 26, 2023 | americanbankingnews.com

Barclays Trims Enphase Energy (NASDAQ:ENPH) Target Price to $226.00

May 19, 2023 | americanbankingnews.com

Traders Buy High Volume of Put Options on Enphase Energy (NASDAQ:ENPH)

May 18, 2023 | finance.yahoo.com

Best Stocks to Buy Now: Is Enphase Energy Stock a Buy?

May 18, 2023 | msn.com

Enphase Energy: I Am Buying And Loading Up On Any Future Drawdown

May 17, 2023 | marketwatch.com

Energy Storage For Microgrid Market Size 2023 Will Grow Rapidly Another Level in The Forthcoming Year

May 16, 2023 | msn.com

Enphase: Fortune Favors The Brave Now

May 12, 2023 | msn.com

Unusual Put Option Trade in Enphase Energy (ENPH) Worth $17,745.00K

May 11, 2023 | markets.businessinsider.com

3 Solar Stocks Set to Shine in the Clean Energy Transition

May 11, 2023 | 247wallst.com

Unusual Put Option Trade in Enphase Energy Worth $17,745K

May 11, 2023 | seekingalpha.com

Enphase: Sell-Off Presents Opportunity To Buy Quality Solar Leader

May 8, 2023 | benzinga.com

Enphase Energy Expands IQ8 Microinverter Deployments in Mexico

May 8, 2023 | msn.com

Enphase Energy: Substantial Room For Growth But Still Too Expensive

May 5, 2023 | msn.com

Enphase Energy Stock Is Up Over 3,000% In 5 Years, Can It Keep Going?

May 5, 2023 | finance.yahoo.com

Why You Should Buy Enphase Stock After Last Week's Big Pullback

May 4, 2023 | americanbankingnews.com

Enphase Energy Sees Unusually Large Options Volume (NASDAQ:ENPH)

May 3, 2023 | benzinga.com

Thinking about buying stock in Ford Motor, Enphase Energy, Spotify Technology, Alibaba, or Taiwan Semiconductor?

May 3, 2023 | finance.yahoo.com

Solar Stocks Sell Off. Buying Opportunity? Check the Charts.

May 3, 2023 | finance.yahoo.com

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See More Headlines

ENPH Price History

30 days | 90 days | 365 days | Advanced Chart

ENPH Company Calendar

Last Earnings: 10/26/2021
Today: 6/01/2023
Next Earnings (Estimated): 7/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Electrical Components & Equipment
Sector: Oils/Energy
Current Symbol: NASDAQ:ENPH
CUSIP: 29355A10
CIK: 1463101
Web: www.enphase.com
Phone: (877) 774-7000
Fax: 302-636-5454
Employees: 2,821
Year Founded: 2006

Price Target and Rating

Average Stock Price Forecast: $280.48
High Stock Price Forecast: $365.00
Low Stock Price Forecast: $169.00
Forecasted Upside/Downside: +61.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 28 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.42
Trailing P/E Ratio: 50.84
Forward P/E Ratio: 41.40
P/E Growth: 1.51
Net Income: $397.36 million
Net Margins: 18.83%
Pretax Margin: 21.93%
Return on Equity: 74.86%
Return on Assets: 18.44%

Debt

Debt-to-Equity Ratio: 1.24
Current Ratio: 3.45
Quick Ratio: 3.24

Sales & Book Value

Annual Sales: $2.33 billion
Price / Sales: 10.22
Cash Flow: $3.77 per share
Price / Cash Flow: 46.12
Book Value: $7.08 per share
Price / Book: 24.56

Miscellaneous

Outstanding Shares: 137,040,000
Free Float: 131,288,000
Market Cap: $23.83 billion
Optionable: Optionable
Beta: 1.52

Social Links

Key Executives

Badrinarayanan Kothandaraman
President, Chief Executive Officer & Director

Ron Swenson
Vice President-Operations

Mandy Yang
Treasurer, Chief Accounting & Financial Officer

Mike LaBouff
VP-New Product & Information Technology

Hans van Antwerpen
Chief Technology Officer & Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ENPH Stock - Frequently Asked Questions

Should I buy or sell Enphase Energy stock right now?: 28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enphase Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ENPH shares.
View ENPH analyst ratings or view top-rated stocks.
What is Enphase Energy's stock price forecast for 2023?: 28 brokers have issued twelve-month target prices for Enphase Energy's shares. Their ENPH share price forecasts range from $169.00 to $365.00. On average, they predict the company's stock price to reach $280.48 in the next twelve months. This suggests a possible upside of 61.3% from the stock's current price.
View analysts price targets for ENPH or view top-rated stocks among Wall Street analysts.
How have ENPH shares performed in 2023?: Enphase Energy's stock was trading at $264.96 at the start of the year. Since then, ENPH stock has decreased by 34.4% and is now trading at $173.88.
View the best growth stocks for 2023 here.
Are investors shorting Enphase Energy?: Enphase Energy saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 6,900,000 shares, a decline of 8.7% from the April 30th total of 7,560,000 shares. Based on an average daily volume of 3,930,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 5.2% of the company's shares are sold short.
View Enphase Energy's Short Interest.
When is Enphase Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our ENPH earnings forecast.
How were Enphase Energy's earnings last quarter?: Enphase Energy, Inc. (NASDAQ:ENPH) issued its earnings results on Tuesday, October, 26th. The semiconductor company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.11. The semiconductor company earned $351.52 million during the quarter, compared to analyst estimates of $343.77 million. Enphase Energy had a net margin of 18.83% and a trailing twelve-month return on equity of 74.86%. Enphase Energy's quarterly revenue was up 96.9% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share.
Read the conference call transcript.
What ETFs hold Enphase Energy's stock?: ETFs with the largest weight of Enphase Energy (NASDAQ:ENPH) stock in their portfolio include Virtus Duff & Phelps Clean Energy ETF (VCLN), Invesco Solar ETF (TAN), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), Meet Kevin Pricing Power ETF (PP), iShares Global Clean Energy ETF (ICLN), American Century Mid Cap Growth Impact (MID), Global X Solar ETF (RAYS) and Global X Clean Tech ETF (CTEC).
What guidance has Enphase Energy issued on next quarter's earnings?: Enphase Energy issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $700.00 million-$750.00 million, compared to the consensus revenue estimate of $772.96 million.

What is Badri Kothandaraman's approval rating as Enphase Energy's CEO?: 105 employees have rated Enphase Energy Chief Executive Officer Badri Kothandaraman on Glassdoor.com. Badri Kothandaraman has an approval rating of 52% among the company's employees. This puts Badri Kothandaraman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 69.0% of employees surveyed would recommend working at Enphase Energy to a friend.
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), Tesla (TSLA), Block (SQ), SolarEdge Technologies (SEDG), Alibaba Group (BABA), Micron Technology (MU), PayPal (PYPL), Netflix (NFLX) and Salesforce (CRM).
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 number of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (2.11%), Mizuho Markets Americas LLC (1.70%), Susquehanna International Group LLP (0.00%), First Trust Advisors LP (0.71%), Renaissance Technologies LLC (0.69%) and Arrowstreet Capital Limited Partnership (0.65%). Insiders that own company stock include Badrinarayanan Kothandaraman, Benjamin John Kortlang, David A Ranhoff, Eric Branderiz, Jeff Mcneil, Jerry S Lanchbury, Joseph Ian Malchow, Mandy Yang, Richard Mora, Sean E George, Steven J Gomo and Thurman J Rodgers.
View institutional ownership trends.
How do I buy shares of Enphase Energy?: Shares of ENPH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Enphase Energy's stock price today?: One share of ENPH stock can currently be purchased for approximately $173.88.
How much money does Enphase Energy make?: Enphase Energy (NASDAQ:ENPH) has a market capitalization of $23.83 billion and generates $2.33 billion in revenue each year. The semiconductor company earns $397.36 million in net income (profit) each year or $3.42 on an earnings per share basis.
How many employees does Enphase Energy have?: The company employs 2,821 workers across the globe.
Does Enphase Energy have any subsidiaries?: The following companies are subsidiares of Enphase Energy: 365 Pronto Inc., 365 Pronto Inc., ClipperCreek Inc., Clippercreek, Enphase Brasil Energia Solar LTDA, Enphase Energy Australia Pty. Ltd., Enphase Energy Canada Holdings Inc., Enphase Energy Canada Inc., Enphase Energy International LLC, Enphase Energy Mexico S. DE R.L. DE C.V., Enphase Energy NL B.V., Enphase Energy New Zealand, Enphase Energy S.A.S., Enphase Energy S.r.l., Enphase Energy Technology (Shanghai) Co. Ltd., Enphase Service Company LLC, Enphase Solar Energy India Pvt. Limited, GreenCom Networks AG, Sofdesk Inc., SolarLeadFactory LLC, and SunPower.
Read More
How can I contact Enphase Energy?: Enphase Energy's mailing address is 47281 BAYSIDE PARKWAY, FREMONT CA, 94538. The official website for the company is www.enphase.com. The semiconductor company can be reached via phone at (877) 774-7000, via email at ir@enphaseenergy.com, or via fax at 302-636-5454.

This page (NASDAQ:ENPH) was last updated on 6/1/2023 by MarketBeat.com Staff

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