Enphase Energy, Inc. (ENPH)
| Market Cap | 18.04B |
| Revenue (ttm) | 2.71B |
| Net Income (ttm) | 571.77M |
| Shares Out | 136.55M |
| EPS (ttm) | 3.98 |
| PE Ratio | 33.20 |
| Forward PE | 39.18 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,817,935 |
| Open | 134.22 |
| Previous Close | 134.79 |
| Day's Range | 131.89 - 135.95 |
| 52-Week Range | 73.49 - 271.72 |
| Beta | 1.61 |
| Analysts | Buy |
| Price Target | 166.63 (+26.1%) |
| Earnings Date | Feb 6, 2024 |
About ENPH
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 ... [Read more]
Financial Performance
In 2022, Enphase Energy's revenue was $2.33 billion, an increase of 68.65% compared to the previous year's $1.38 billion. Earnings were $397.36 million, an increase of 173.20%.
Financial StatementsAnalyst Forecast
According to 31 analysts, the average rating for ENPH stock is "Buy." The 12-month stock price forecast is $166.63, which is an increase of 26.10% from the latest price.
News
The truth behind Enphase's CEO buying stock lately
When Wall Street insiders talk, it is sometimes helpful to hear them out. A few gems may be gotten from their extensive reports, assuming you can get through them without dozing off into deep sleep.
Enphase Energy's stock surges to pace the S&P 500's gainers, as job cuts are seen as a good thing
Shares of Enphase Energy Inc. ENPH, +7.71% jumped 7.8% toward a four-month high in afternoon trading Tuesday, enough to pace the S&P 500's gainers. The stock's rally comes after the solar and alternat...
Midday Movers: Solar Stocks Surge as Enphase Energy Cuts Costs and Jobs
The recent gains for U.S. equities continued at midday following more comments from Fed officials about potentially cutting interest rates. The Dow, S&P 500, and Nasdaq were all in the green.
Enphase Energy Slashes Jobs and Makes Other Cuts in a 'Challenging' Environment
Enphase Energy Inc. (ENPH) is slashing jobs as the maker of solar power equipment said it was dealing with a "challenging macroeconomic environment.”
3 Charts For Investors to Watch Tuesday: Enphase Energy, VF Corp., SLX ETF
Here's our daily look at three charts tied to recent news-driven price moves, with key technical levels to monitor.
Enphase Energy will lay off roughly 10% of workforce as part of restructuring plan
The company's stock is down 53% this year as high interest rates have depressed demand.
Enphase Energy to lay off 10% of its workforce, citing ‘challenging' economy
Enphase Energy Inc. said late Monday it plans to lay off 10% of its workforce, including workers and contractors in Wisconsin, as it seeks to “right-size” its business.
Enphase Energy to cut about 10% of its global workforce
Enphase Energy said on Monday it will reduce its global workforce by about 10%, including contractors and employees, as part of a restructuring plan.
Midday Movers: Solar Stocks Surge After Analyst Comments, Costco Climbs on Earnings Beat
U.S. equities were slightly higher at midday as tech and solar stocks surged following indications from the Fed that it will cut interest rates next year. The Dow, S&P 500, and Nasdaq were all in the ...
Jefferies initiates coverage on solar energy stocks
Higher interest rates have been a headwind for many sectors, including solar energy. As the Federal Reserve may pivot to rate cuts next year, hope is on the horizon for the renewable energy sector.
Fund manager says Enphase Energy stock is a ‘market share leader'
Enphase Energy Inc (NASDAQ: ENPH) has been a huge disappointment for investors in 2023 but a fund manager remains convinced that the story moving forward will be a different one.
Jefferies starts First Solar, Enphase stocks at buy ratings
Analysts at Jefferies late Thursday announced the start of their alternative-energy stock coverage, bestowing upon First Solar Inc. FSLR, +7.98%, Enphase Energy Inc. ENPH, +11.72%, and SunRun Inc. RUN...
A More Dovish Fed Could Spark a Solar Stock Turnaround
Part of the challenge facing the sector has been elevated interest rates denting demand.
Enphase Energy Expands its Support for Virtual Power Plants Across the United States
FREMONT, Calif., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery sys...
3 stocks that are primed for an end-of-year Santa Claus rally
A Santa Claus rally is an upturn in the stock market in the trading week between the Christmas and New Year's holidays. In 2023, investors will be eyeing the period between December 26 and December 29...
Enphase Energy Launches New Home Energy Systems in Italy with IQ Battery 5P and IQ8 Microinverters
FREMONT, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery sys...
Enphase Energy Launches New IQ8P Microinverters for High-Powered Solar Modules in Mexico
FREMONT, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery sys...
Enphase Energy Launches New IQ8 Commercial Microinverters in North America
First ever comprehensive solution from Enphase for small commercial solar market offers installers industry-proven product design and features First ever comprehensive solution from Enphase for small ...
S&P 500 Gains and Losses Today: Enphase, Other Solar Stocks Jump After CPI Report
U.S. equities soared Tuesday as the S&P 500 jumped 1.9%, following a favorable inflation report.
Midday Movers: Tech Stocks and Home Depot Rise, Insurance Stocks Tumble
U.S. equities skyrocketed at midday as consumer inflation came in lower than expected, boosting optimism the Fed might not hike interest rates further to bring down prices. The news sent bond yields t...
Enphase Energy Launches IQ8P Microinverters for High-Powered Solar Modules in Brazil
FREMONT, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery sys...
Clean-Energy Stocks Have Collapsed. What Comes Next.
Stocks related to wind, solar and other forms of renewable energy have fallen by a third this year. Only a handful may be ready to rebound.
What happened to solar stocks? Investors ‘pick up the pieces' after a brutal earnings season
Things were looking up for the U.S. solar-power industry. The Inflation Reduction Act, the climate legislation that passed in August 2022, boosted the savings of anyone looking to go solar, among its ...