The stock of Enphase Energy Inc (NASDAQ:ENPH) last traded at $78.66, down -4.18% from the previous session.
Data from the available sources indicates that Enphase Energy Inc (NASDAQ:ENPH) is covered by 39 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $225.00 and a low of $75.00, we find $115.00. Given the previous closing price of $82.09, this indicates a potential upside of 40.09 percent. ENPH stock price is now -34.20% away from the 50-day moving average and -53.82% away from the 200-day moving average. The market capitalization of the company currently stands at $10.74B.
In total, 20 analysts have assigned it a hold rating, and 16 have given it a buy rating. Brokers who have rated the stock have averaged $120.15 as their price target over the next twelve months.
With the price target reduced from $150 to $75, Piper Sandler Downgraded its rating from Overweight to Neutral for Enphase Energy Inc (NASDAQ: ENPH).
In other news, Rodgers Thurman J, Director bought 32,600 shares of the company’s stock on Sep 14. The stock was bought for $4,001,927 at an average price of $122.76. Upon completion of the transaction, the Director now directly owns 85,200 shares in the company, valued at $6.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30, EVP & Chief Commercial Officer RANHOFF DAVID A sold 1,791 shares of the business’s stock. A total of $313,609 was realized by selling the stock at an average price of $175.10. This leaves the insider owning 82,644 shares of the company worth $6.5 million. Insiders disposed of 373,238 shares of company stock worth roughly $29.36 million over the past 1 year. A total of 3.64% 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 GREENVALE CAPITAL LLP during the first quarter worth $47,196,000. UNISUPER MANAGEMENT PTY LTD invested $38,876,000 in shares of ENPH during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Enphase Energy Inc valued at approximately $28,914,000. CLEAR STREET LLC acquired a new stake in ENPH for approximately $13,372,000. JUPITER ASSET MANAGEMENT LTD purchased a new stake in ENPH valued at around $8,675,000 in the second quarter. In total, there are 1,403 active investors with 75.16% ownership of the company’s stock.
With an opening price of $82.10 on Monday morning, Enphase Energy Inc (NASDAQ: ENPH) set off the trading day. During the past 12 months, Enphase Energy Inc has had a low of $79.55 and a high of $339.92. As of last week, the company has a debt-to-equity ratio of 1.30, a current ratio of 3.36, and a quick ratio of 3.13. According to the stock market information, the enterprise value for the company is $10.25B, which is based on a 19.81 price-to-earnings ratio, a 1.82 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for ENPH is $118.52 and a two-hundred day moving average price translates $169.53 for the stock.
The latest earnings results from Enphase Energy Inc (NASDAQ: ENPH) was released for Sep, 2023. According to the Solar Company, earnings per share came in at $1.47, beating analysts’ expectations of $1.25 by 0.22. This compares to $0.80 EPS in the same period last year. The net profit margin was 21.08% and return on equity was 70.38% for ENPH. The company reported revenue of $551.08 million for the quarter, compared to $634.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.18 percent. For the current quarter, analysts expect ENPH to generate $566.02M 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.
