From what 7 stock analysts predict, the share price for Enphase Energy Inc (ENPH) might increase by 55.41% in the next year. This is based on a 12-month average estimation for ENPH. Price targets go from $61 to $154. The majority of stock analysts believe ENPH is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
ENPH is a stock in Technology which has been forecasted to be worth $103.97 as an average. On the higher end, the forecast price is $154 USD by from and on the lower end ENPH is forecasted to be $61 by Sean Milligan from Jefferies.
These are the latest 20 analyst ratings of ENPH.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Daniel Yang HSBC | Hold | $81 | Downgrade | Nov 8, 2024 |
Julien Dumoulin-Smith B of A Securities | Underperform | $62 | Maintains | Nov 7, 2024 |
Sean Milligan Jefferies | Underperform | $61 | Downgrade | Nov 7, 2024 |
Tom Curran Seaport Global | Buy | $129 | Maintains | Oct 28, 2024 |
Biju Perincheril Susquehanna | Neutral | $85 | Maintains | Oct 24, 2024 |
Gus Richard Northland Capital Markets | Outperform | $110 | Maintains | Oct 24, 2024 |
Joseph Osha Guggenheim | Sell | $73 | Downgrade | Oct 23, 2024 |
Austin Moeller Canaccord Genuity | Hold | $95 | Downgrade | Oct 23, 2024 |
Pavel Molchanov Raymond James | Outperform | $130 | Maintains | Oct 23, 2024 |
Kashy Harrison Piper Sandler | Neutral | $85 | Maintains | Oct 23, 2024 |
Colin Rusch Oppenheimer | Outperform | $101 | Maintains | Oct 23, 2024 |
Sean Milligan Janney Montgomery Scott | Neutral | $83 | Downgrade | Oct 23, 2024 |
Andrew Percoco Morgan Stanley | Equal-Weight | $93 | Maintains | Oct 23, 2024 |
James West Evercore ISI Group | Outperform | $125 | Maintains | Oct 23, 2024 |
Brian Lee Goldman Sachs | Buy | $145 | Maintains | Oct 23, 2024 |
Mark Strouse JP Morgan | Overweight | $120 | Maintains | Oct 23, 2024 |
Eric Stine Craig-Hallum | Buy | $123 | Maintains | Oct 23, 2024 |
Chris Dendrinos RBC Capital | Sector Perform | $85 | Maintains | Oct 23, 2024 |
Christine Cho Barclays | Overweight | $114 | Maintains | Oct 23, 2024 |
Vikram Bagri Citigroup | Neutral | $88 | Maintains | Oct 23, 2024 |
When did it IPO
2012
Staff Count
3,157
Country
United States
Sector/Industry
Technology/Solar
CEO
Mr. Badrinarayanan Kothandaraman
Market Cap
$9.04B
In 2023, ENPH generated $2.29B in revenue, which was a decrease of -1.72% from the previous year. This can be seen as a signal that ENPH's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Enphase Energy plans to reduce its global workforce by approximately 17%, affecting around 500 employees and contractors, as stated in a recent filing.
Why It Matters - Enphase Energy's workforce reduction signals potential cost-cutting measures, which may affect future profitability and operational efficiency, impacting investor confidence and stock performance.
Summary - Enphase plans to restructure its workforce to align with business needs, expecting to incur up to $20 million in related charges.
Why It Matters - Enphase's restructuring indicates potential operational shifts, which may affect profitability and growth outlook, impacting stock performance and investor sentiment.
Summary - Levi & Korsinsky is investigating Enphase Energy, Inc. (NASDAQ:ENPH) for potential federal securities law violations following its Q3 2024 financial results announcement on October 22, 2024.
Why It Matters - The investigation into Enphase Energy for potential securities law violations could signal financial instability, impacting stock performance and investor sentiment.
Summary - Pomerantz LLP is investigating claims for investors of Enphase Energy, Inc. (NASDAQ:ENPH). Interested parties should contact Danielle Peyton for more information.
Why It Matters - The investigation signals potential legal issues for Enphase Energy, which could impact stock performance and investor confidence, influencing market sentiment around the company.
Summary - Enphase Energy (ENPH) is gaining attention on Zacks.com, suggesting that investors should consider key factors influencing its stock performance.
Why It Matters - Increased interest in Enphase Energy (ENPH) may signal potential volatility or opportunity, influencing stock performance and investment strategies.
Summary - Shares of multiple renewable energy companies declined on Wednesday following Donald Trump's election victory, marking his second term as president.
Why It Matters - Trump's victory may signal a shift in energy policy, potentially favoring fossil fuels over renewables, impacting future profitability and growth of renewable energy companies.