Enphase Energy ENPH underwent analysis by 38 analysts in the last quarter, revealing a spectrum of viewpoints 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 | 6 | 7 | 20 | 3 | 2 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 3 | 0 | 0 |
| 2M Ago | 4 | 6 | 11 | 2 | 1 |
| 3M Ago | 1 | 0 | 6 | 1 | 1 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $96.79, a high estimate of $145.00, and a low estimate of $61.00. A 17.15% drop is evident in the current average compared to the previous average price target of $116.83.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| Brian Lee | Goldman Sachs | Lowers | Buy | $121.00 | $145.00 |
| Kashy Harrison | Piper Sandler | Lowers | Neutral | $70.00 | $85.00 |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $71.00 | $85.00 |
| Austin Moeller | Canaccord Genuity | Maintains | Hold | $76.00 | $76.00 |
| Gus Richard | Northland Capital Markets | Lowers | Outperform | $90.00 | $110.00 |
| Andrew Percoco | Morgan Stanley | Lowers | Equal-Weight | $74.00 | $93.00 |
| Austin Moeller | Canaccord Genuity | Lowers | Hold | $76.00 | $95.00 |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Enphase Energy. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Enphase Energy compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Enphase Energy's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Enphase Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Enphase Energy analyst ratings.
About Enphase Energy
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: Financial Performance Dissected
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Enphase Energy's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -30.89% in revenue growth, reflecting a decrease in 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 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 surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.04% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Enphase Energy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.42%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.4, caution is advised due to increased financial risk.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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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