Enphase Energy ENPH has been analyzed by 22 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 12 | 1 | 2 |
| Last 30D | 3 | 3 | 3 | 0 | 1 |
| 1M Ago | 1 | 0 | 7 | 1 | 1 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $103.86, along with a high estimate of $145.00 and a low estimate of $73.00. This current average has decreased by 13.84% from the previous average price target of $120.55.
Investigating Analyst Ratings: An Elaborate Study
An in-depth analysis of recent analyst actions unveils how financial experts perceive Enphase Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Philip Shen | Roth MKM | Lowers | Buy | $100.00 | $130.00 |
| Brian Lee | Goldman Sachs | Lowers | Buy | $145.00 | $170.00 |
| James West | Evercore ISI Group | Lowers | Outperform | $125.00 | $133.00 |
| Pavel Molchanov | Raymond James | Lowers | Outperform | $130.00 | $140.00 |
| Eric Stine | Craig-Hallum | Lowers | Buy | $123.00 | $153.00 |
| Kashy Harrison | Piper Sandler | Lowers | Neutral | $85.00 | $105.00 |
| Colin Rusch | Oppenheimer | Lowers | Outperform | $101.00 | $134.00 |
| Joseph Osha | Guggenheim | Announces | Sell | $73.00 | - |
| Andrew Percoco | Morgan Stanley | Lowers | Equal-Weight | $93.00 | $102.00 |
| Sean Milligan | Janney Montgomery Scott | Announces | Neutral | $83.00 | - |
| Vikram Bagri | Citigroup | Lowers | Neutral | $99.00 | $114.00 |
| Kashy Harrison | Piper Sandler | Lowers | Neutral | $105.00 | $115.00 |
| Biju Perincheril | Susquehanna | Lowers | Neutral | $104.00 | $147.00 |
| Jordan Levy | Truist Securities | Lowers | Buy | $110.00 | $130.00 |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $100.00 | $125.00 |
| Ameet Thakkar | BMO Capital | Lowers | Market Perform | $104.00 | $114.00 |
| Julien Dumoulin-Smith | B of A Securities | Raises | Underperform | $84.00 | $82.00 |
| Andrew Percoco | Morgan Stanley | Raises | Equal-Weight | $102.00 | $100.00 |
| Joseph Osha | Guggenheim | Lowers | Sell | $90.00 | $93.00 |
| Ameet Thakkar | BMO Capital | Lowers | Market Perform | $114.00 | $115.00 |
| Dushyant Ailani | Jefferies | Raises | Hold | $115.00 | $111.00 |
| Andrew Percoco | Morgan Stanley | Raises | Equal-Weight | $100.00 | $98.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Enphase Energy. This insight gives a snapshot of analysts' perspectives on 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 compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Enphase Energy's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Enphase Energy's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Enphase Energy analyst ratings.
Discovering Enphase Energy: A Closer Look
Enphase Energy 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.
Enphase Energy's Economic Impact: An Analysis
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: Enphase Energy's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -57.33%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Enphase Energy's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 3.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Enphase Energy's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.2%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Enphase Energy's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.34%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Enphase Energy's debt-to-equity ratio surpasses industry norms, standing at 1.47. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
