In yesterday’s Wall Street session, Enphase Energy Inc. (NASDAQ:ENPH) shares traded at $164.65, up 1.40% from the previous session.
39 analysts cover Enphase Energy Inc. (NASDAQ:ENPH), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $341.00 and a low of $169.00, we find $259.50. Given the previous closing price of $162.37, this indicates a potential upside of 59.82 percent. ENPH stock price is now -13.45% away from the 50-day moving average and -34.31% away from the 200-day moving average. The market capitalization of the company currently stands at $22.75B.
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The stock has received a hold rating from 9 analysts and a buy rating from 26. Brokers who have rated the stock have averaged $256.67 as their price target over the next twelve months.
In other news, Yang Mandy, VP, Chief Financial Officer bought 3,500 shares of the company’s stock on May 02. The stock was bought for $549,022 at an average price of $156.86. Upon completion of the transaction, the VP, Chief Financial Officer now directly owns 99,043 shares in the company, valued at $16.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 26, Director Rodgers Thurman J bought 32,900 shares of the business’s stock. A total of $5,490,467 was incurred on buying the stock at an average price of $166.88. This leaves the insider owning 32,900 shares of the company worth $5.42 million. Insiders disposed of 727,660 shares of company stock worth roughly $119.81 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ENPH stock. A new stake in Enphase Energy Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $337,259,000. ARDEVORA ASSET MANAGEMENT LLP invested $40,422,000 in shares of ENPH during the first quarter. In the first quarter, CHOREO, LLC acquired a new stake in Enphase Energy Inc. valued at approximately $39,927,000. COVALIS CAPITAL LLP acquired a new stake in ENPH for approximately $25,431,000. SIMPLEX TRADING, LLC purchased a new stake in ENPH valued at around $21,290,000 in the second quarter. In total, there are 1,438 active investors with 81.20% ownership of the company’s stock.
On Monday morning Enphase Energy Inc. (NASDAQ: ENPH) stock kicked off with the opening price of $162.80. During the past 12 months, Enphase Energy Inc. has had a low of $152.15 and a high of $339.92. As of last week, the company has a debt-to-equity ratio of 1.33, a current ratio of 3.40, and a quick ratio of 3.20. According to the stock market information, the enterprise value for the company is $29.75B, which is based on a 48.63 price-to-earnings ratio, a 2.58 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for ENPH is $189.32 and a two-hundred day moving average price translates $249.98 for the stock.
The latest earnings results from Enphase Energy Inc. (NASDAQ: ENPH) was released for Mar, 2023. According to the Solar Company, earnings per share came in at $1.37, beating analysts’ expectations of $1.21 by 0.16. This compares to $0.37 EPS in the same period last year. The net profit margin was 18.80% and return on equity was 68.90% for ENPH. The company reported revenue of $726.02 million for the quarter, compared to $441.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 64.52 percent. For the current quarter, analysts expect ENPH to generate $727.09M in revenue.
Enphase Energy Inc.(ENPH) Company Profile
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 provides microinverter units and related accessories, an IQ gateway; IQ batteries; the cloud-based Enlighten monitoring service; storage solutions; and electric vehicle charging solutions; and design, proposal, permitting, and lead generation services. 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.
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