33 analysts have expressed a variety of opinions on Enphase Energy ENPH over the past quarter, offering a diverse set of opinions 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 | 5 | 6 | 17 | 3 | 2 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 5 | 6 | 13 | 3 | 1 |
| 2M Ago | 0 | 0 | 1 | 0 | 1 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $100.45, along with a high estimate of $145.00 and a low estimate of $61.00. Observing a downward trend, the current average is 16.42% lower than the prior average price target of $120.19.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| Daniel Yang | HSBC | Lowers | Hold | $81.00 | $154.00 |
| Sean Milligan | Jefferies | Lowers | Underperform | $61.00 | $93.00 |
| Julien Dumoulin-Smith | B of A Securities | Lowers | Underperform | $62.00 | $72.00 |
| Tom Curran | Seaport Global | Lowers | Buy | $129.00 | $144.00 |
| Gus Richard | Northland Capital Markets | Lowers | Outperform | $110.00 | $150.00 |
| Biju Perincheril | Susquehanna | Lowers | Neutral | $85.00 | $104.00 |
| Vikram Bagri | Citigroup | Lowers | Neutral | $88.00 | $99.00 |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $85.00 | $100.00 |
| Christine Cho | Barclays | Lowers | Overweight | $114.00 | $129.00 |
| Austin Moeller | Canaccord Genuity | Lowers | Hold | $95.00 | $140.00 |
| Mark Strouse | JP Morgan | Lowers | Overweight | $120.00 | $130.00 |
| 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: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Enphase Energy. 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 compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Enphase Energy's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
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.
Delving into Enphase Energy's Background
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.
Unraveling the Financial Story of Enphase Energy
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Enphase Energy's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -30.89%. This indicates a decrease in the company's 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.02%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Enphase Energy's ROE stands out, surpassing industry averages. With an impressive ROE of 5.04%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Enphase Energy's ROA excels beyond industry benchmarks, reaching 1.42%. This signifies efficient management of assets and strong financial health.
Debt Management: Enphase Energy's debt-to-equity ratio surpasses industry norms, standing at 1.4. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics 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 will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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.
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