Enphase Energy Inc

Enphase Energy Inc Stock Forecast & Price Prediction

Live Enphase Energy Inc Stock (ENPH) Price
$66.90

7

Ratings

  • Buy 3
  • Hold 4
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$66.90

P/E Ratio

155.58

Volume Traded Today

$11.9M

Dividend

Dividends not available for ENPH

52 Week High/low

141.63/65.66

Enphase Energy Inc Market Cap

$9.04B

๐Ÿ›‘ Alert: These ten stocks could have higher potential than $ENPH ๐Ÿ›‘

Before you buy ENPH you'll want to see this list of ten stocks that have huge potential. Want to see if ENPH made the cut? Enter your email below

ENPH Summary

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 Analyst Ratings

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.

ENPH stock forecast by analyst

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

ENPH Company Information

What They Do: Provides home energy solutions for solar industry.

Business Model: The company generates revenue by designing and selling microinverters, energy storage solutions, and related accessories for the solar photovoltaic market. It sells its products through distributors, large installers, and directly to consumers, as well as offering additional services like energy monitoring and design assistance.

Other Information: Incorporated in 2006 and headquartered in Fremont, California, the company also offers cloud-based monitoring services and electric vehicle charging solutions, positioning itself as a comprehensive provider in the renewable energy sector.
ENPH
Enphase Energy Inc (ENPH)

When did it IPO

2012

Staff Count

3,157

Country

United States

Sector/Industry

Technology/Solar

CEO

Mr. Badrinarayanan Kothandaraman

Market Cap

$9.04B

Enphase Energy Inc (ENPH) Financial Data

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

$774.4M

Revenue From 2021

$1.38B

78.46 %
From Previous Year

Revenue From 2022

$2.33B

68.65 %
From Previous Year

Revenue From 2023

$2.29B

-1.72 %
From Previous Year
  • Revenue TTM $1.25B
  • Operating Margin TTM 13.3%
  • Gross profit TTM $1.06B
  • Return on assets TTM 0.6%
  • Return on equity TTM 6.3%
  • Profit Margin 4.9%
  • Book Value Per Share 6.90%
  • Market capitalisation $9.04B
  • Revenue for 2021 $1.38B
  • Revenue for 2022 $2.33B
  • Revenue for 2023 $2.29B
  • EPS this year (TTM) $0.43

Enphase Energy Inc (ENPH) Latest News

News Image

Fri, 08 Nov 2024

Sentiment - NEGATIVE

Source - Reuters

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.

News Image

Fri, 08 Nov 2024

Sentiment - NEGATIVE

Source - Market Watch

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.

News Image

Fri, 08 Nov 2024

Sentiment - NEUTRAL

Source - Accesswire

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.

News Image

Fri, 08 Nov 2024

Sentiment - NEUTRAL

Source - Accesswire

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.

News Image

Fri, 08 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Thu, 07 Nov 2024

Sentiment - NEGATIVE

Source - New York Post

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.

...

ENPH Frequently asked questions

The highest forecasted price for ENPH is $154 from at .

The lowest forecasted price for ENPH is $61 from Sean Milligan from Jefferies

The ENPH analyst ratings consensus are 3 buy ratings, 4 hold ratings, and 0 sell ratings.