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Where Enphase Energy Stands With Analysts
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Where Enphase Energy Stands With Analysts
Mar 11, 2024 6:30 AM

In the last three months, 12 analysts have published ratings on Enphase Energy ( ENPH ) , offering a diverse range of perspectives from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 3 5 0 0
Last 30D 0 0 1 0 0
1M Ago 0 1 0 0 0
2M Ago 3 1 4 0 0
3M Ago 1 1 0 0 0

In the assessment of 12-month price targets, analysts unveil insights for Enphase Energy ( ENPH ), presenting an average target of $129.33, a high estimate of $150.00, and a low estimate of $106.00. This current average reflects an increase of 15.25% from the previous average price target of $112.22.

Decoding Analyst Ratings: A Detailed Look

The analysis of recent analyst actions sheds light on the perception of Enphase Energy ( ENPH ) by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Kashy Harrison Piper Sandler Lowers Neutral $113.00 $117.00
Chris Dendrinos RBC Capital Announces Outperform $140.00 -
Brandt Montour Barclays Raises Equal-Weight $115.00 $106.00
Andrew Percoco Morgan Stanley Raises Equal-Weight $106.00 $97.00
Ameet Thakkar BMO Capital Raises Market Perform $110.00 $106.00
Colin Rusch Oppenheimer Announces Outperform $133.00 -
Philip Shen Roth MKM Lowers Buy $140.00 $150.00
Jordan Levy Truist Securities Raises Buy $145.00 $85.00
Austin Moeller Canaccord Genuity Announces Buy $142.00 -
Kashy Harrison Piper Sandler Lowers Neutral $117.00 $120.00
Praneeth Satish Wells Fargo Raises Overweight $141.00 $98.00
Maheep Mandloi Mizuho Raises Buy $150.00 $131.00

Key Insights:

Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Enphase Energy ( ENPH ). This information provides a snapshot of how analysts perceive the current state of the company.

Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Enphase Energy ( ENPH ) compared to the broader market.

Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Enphase Energy's ( ENPH ) stock. This examination reveals shifts in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Enphase Energy's ( ENPH ) market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Enphase Energy ( ENPH ) analyst ratings.

About Enphase Energy

Enphase Energy ( ENPH ) is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

Financial Insights: Enphase Energy

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Enphase Energy's ( ENPH ) revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -58.25%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Enphase Energy's ( ENPH ) net margin is impressive, surpassing industry averages. With a net margin of 6.91%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Enphase Energy's ( ENPH ) ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.09%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Enphase Energy's ( ENPH ) ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.6%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Enphase Energy's ( ENPH ) debt-to-equity ratio surpasses industry norms, standing at 1.32. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

The Significance of Analyst Ratings Explained

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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