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 Down 2.7 %

Shares of ENPH opened at $292.94 on Wednesday. Enphase Energy has a 52 week low of $113.40 and a 52 week 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 has a 50-day simple moving average of $225.55 and a 200-day simple moving average of $190.01. The firm has a market capitalization of $39.68 billion, a P/E ratio of 204.85, a P/E/G ratio of 2.47 and a beta of 1.50.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on ENPH. BMO Capital Markets lifted their target price on Enphase Energy from $215.00 to $240.00 in a report on Friday, June 10th. Barclays started coverage on shares of Enphase Energy in a research report on Friday, August 5th. They set an "equal weight" rating and a $292.00 price target for the company. Craig Hallum upped their target price on shares of Enphase Energy from $213.00 to $271.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. increased their target price on shares of Enphase Energy from $261.00 to $321.00 and gave the company an "overweight" rating in a report on Monday, August 8th. Finally, Guggenheim increased their price target on shares of Enphase Energy to $293.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $271.52.

Insider Activity

In related news, Director Benjamin John Kortlang sold 25,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $197.89, for a total value of $4,947,250.00. Following the sale, the director now owns 249,289 shares of the company's stock, valued at approximately $49,331,800.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Enphase Energy news, Director Benjamin John Kortlang sold 25,000 shares of the firm's stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $197.89, for a total transaction of $4,947,250.00. Following the transaction, the director now owns 249,289 shares in the company, valued at approximately $49,331,800.21. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Badrinarayanan Kothandaraman sold 77,700 shares of the firm's stock in a transaction on Friday, June 10th. The shares were sold at an average price of $196.42, for a total value of $15,261,834.00. Following the completion of the sale, the chief executive officer now directly owns 1,097,701 shares in the company, valued at approximately $215,610,430.42. The disclosure for this sale can be found here. Insiders sold 199,553 shares of company stock valued at $43,198,403 in the last quarter. Company insiders own 4.80% of the company's stock.