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Enphase Energy NasdaqGM:ENPH Stock Report

Last Price

US$74.45

Market Cap

US$10.3b

7D

1.6%

1Y

-25.4%

Updated

10 Dec, 2024

Data

Company Financials +

Enphase Energy, Inc.

NasdaqGM:ENPH Stock Report

Market Cap: US$10.3b

ENPH Stock Overview

Designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. More details

ENPH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance1/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 62.7% below our estimate of its fair value

Earnings are forecast to grow 45.97% per year

Risk Analysis

Profit margins (4.9%) are lower than last year (21.1%)

Large one-off items impacting financial results


Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 36 Analysts

Domestic Innovation And Global Expansion Power A Bright Future In Energy Solutions

Key Takeaways Enphase aims to boost margins with U.S. production and innovative products, leveraging tax credits and incentives for domestic manufacturing. Expansion into new international markets and high-margin service areas like AI energy management supports revenue growth and improved net margins.
View narrative
US$96.98
FV
23.2% undervalued intrinsic discount
23.93%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
18users have followed this narrative
6 days ago author updated this narrative
GO
Goran_Damchevski
Equity Analyst

Market Leadership Amidst Increasing Competition Won't Hurt Solid Revenue Growth

Key Takeaways Electricity prices, incentives (tax credits, net metering) and technology advancements will drive sales. Microinverters are gaining traction but their advantage over traditional inverters is unclear.
View narrative
US$76.86
FV
3.1% undervalued intrinsic discount
24.00%
Revenue growth p.a.
5users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
about 1 month ago author updated this narrative

Enphase Energy, Inc. Competitors

Onto Innovation

NYSE:ONTO

US$8.3b

MKS Instruments

NasdaqGS:MKSI

US$7.7b

Amkor Technology

NasdaqGS:AMKR

US$6.6b

Nova

NasdaqGS:NVMI

US$5.8b

Price History & Performance

Summary of all time highs, changes and price drops for Enphase Energy
Historical stock prices
Current Share PriceUS$74.45
52 Week HighUS$141.63
52 Week LowUS$58.33
Beta1.67
11 Month Change11.29%
3 Month Change-32.68%
1 Year Change-25.42%
33 Year Change-63.20%
5 Year Change188.01%
Change since IPO914.31%

Recent News & Updates

Here's What's Concerning About Enphase Energy's (NASDAQ:ENPH) Returns On Capital

Nov 25
Here's What's Concerning About Enphase Energy's (NASDAQ:ENPH) Returns On Capital

Enphase Energy: Risks Already Priced In

Nov 20

Enphase Energy, Inc. (NASDAQ:ENPH) May Have Run Too Fast Too Soon With Recent 30% Price Plummet

Nov 07
Enphase Energy, Inc. (NASDAQ:ENPH) May Have Run Too Fast Too Soon With Recent 30% Price Plummet

Recent updates

Here's What's Concerning About Enphase Energy's (NASDAQ:ENPH) Returns On Capital

Nov 25
Here's What's Concerning About Enphase Energy's (NASDAQ:ENPH) Returns On Capital

Enphase Energy: Risks Already Priced In

Nov 20

Enphase Energy, Inc. (NASDAQ:ENPH) May Have Run Too Fast Too Soon With Recent 30% Price Plummet

Nov 07
Enphase Energy, Inc. (NASDAQ:ENPH) May Have Run Too Fast Too Soon With Recent 30% Price Plummet

Enphase Energy: Disappointing, But Not As Bad As It Seems

Nov 01

Enphase Energy: Sell On Weak Near-Term Outlook (Rating Downgrade)

Oct 23

Enphase Q3 Preview: Almost Out Of The Woods

Oct 13

Is Enphase Energy, Inc. (NASDAQ:ENPH) Trading At A 50% Discount?

Oct 01
Is Enphase Energy, Inc. (NASDAQ:ENPH) Trading At A 50% Discount?

Enphase: Stay Calm And Keep On Loading Up

Sep 24

If Interest Rates Drop, Enphase's Global Expansion Could Skyrocket

Sep 09

Enphase Is Rightfully Expensive For Three Great Reasons

Aug 23

Enphase: Losing The Battery War

Aug 13

Enphase Energy: A Positive Signal For Better Times Ahead

Aug 05

Earnings Miss: Enphase Energy, Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: Enphase Energy, Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts

Enphase Energy: Another Mediocre Quarter And Outlook - Hold

Jul 24

Is Enphase Energy (NASDAQ:ENPH) A Risky Investment?

Jul 21
Is Enphase Energy (NASDAQ:ENPH) A Risky Investment?

Enphase: Set To Dominate The Industry

Jul 11

Enphase: 3 Reasons Why I Own Shares - Profitability Is One Of Them

Jun 30

Enphase Energy, Inc. (NASDAQ:ENPH) Not Lagging Market On Growth Or Pricing

Jun 27
Enphase Energy, Inc. (NASDAQ:ENPH) Not Lagging Market On Growth Or Pricing

Enphase Energy: Still Time To Double Down

Jun 17

Enphase Energy: Target Price Downgrade Reflects Fundamentals

Jun 10

Enphase Energy: Market Wants An Irrational Rally

May 30

Still No Need To Buy Enphase Energy Stock

May 24

Returns At Enphase Energy (NASDAQ:ENPH) Appear To Be Weighed Down

May 22
Returns At Enphase Energy (NASDAQ:ENPH) Appear To Be Weighed Down

Is There An Opportunity With Enphase Energy, Inc.'s (NASDAQ:ENPH) 25% Undervaluation?

Apr 28
Is There An Opportunity With Enphase Energy, Inc.'s (NASDAQ:ENPH) 25% Undervaluation?

Enphase Energy: Projected Recovery Fails To Impress, Hold

Apr 24

Enphase Energy (NASDAQ:ENPH) Could Easily Take On More Debt

Apr 16
Enphase Energy (NASDAQ:ENPH) Could Easily Take On More Debt

Enphase Energy's Stock Has Plenty More Room To Tank

Apr 07

What Does Enphase Energy, Inc.'s (NASDAQ:ENPH) Share Price Indicate?

Apr 03
What Does Enphase Energy, Inc.'s (NASDAQ:ENPH) Share Price Indicate?

Enphase Energy: Not A Good Investment In Uncertain Times

Mar 13

There's Reason For Concern Over Enphase Energy, Inc.'s (NASDAQ:ENPH) Massive 28% Price Jump

Mar 07
There's Reason For Concern Over Enphase Energy, Inc.'s (NASDAQ:ENPH) Massive 28% Price Jump

Enphase Energy: The Perfect Time To Buy

Mar 05

Why Enphase Probably Bottomed Already

Feb 21

We Like Enphase Energy's (NASDAQ:ENPH) Earnings For More Than Just Statutory Profit

Feb 16
We Like Enphase Energy's (NASDAQ:ENPH) Earnings For More Than Just Statutory Profit

Analysts Have Lowered Expectations For Enphase Energy, Inc. (NASDAQ:ENPH) After Its Latest Results

Feb 12
Analysts Have Lowered Expectations For Enphase Energy, Inc. (NASDAQ:ENPH) After Its Latest Results

Enphase: Still Struggling, But Upgrading On Vastly Improved Market Sentiment

Feb 08

Downgrade: Here's How Analysts See Enphase Energy, Inc. (NASDAQ:ENPH) Performing In The Near Term

Feb 07
Downgrade: Here's How Analysts See Enphase Energy, Inc. (NASDAQ:ENPH) Performing In The Near Term

Under The Bonnet, Enphase Energy's (NASDAQ:ENPH) Returns Look Impressive

Feb 05
Under The Bonnet, Enphase Energy's (NASDAQ:ENPH) Returns Look Impressive

Why Hold Enphase Energy Stock

Jan 29

Earnings Not Telling The Story For Enphase Energy, Inc. (NASDAQ:ENPH)

Jan 22
Earnings Not Telling The Story For Enphase Energy, Inc. (NASDAQ:ENPH)

Enphase Vs. First Solar: The Solar Investment Thesis May Have Bottomed

Jan 17

Enphase Energy: Avoid Catching Falling Knives (Rating Downgrade)

Jan 10

These 4 Measures Indicate That Enphase Energy (NASDAQ:ENPH) Is Using Debt Safely

Jan 08
These 4 Measures Indicate That Enphase Energy (NASDAQ:ENPH) Is Using Debt Safely

What Does Enphase Energy, Inc.'s (NASDAQ:ENPH) Share Price Indicate?

Dec 25
What Does Enphase Energy, Inc.'s (NASDAQ:ENPH) Share Price Indicate?

Shareholder Returns

ENPHUS SemiconductorUS Market
7D1.6%-3.2%-0.4%
1Y-25.4%74.1%30.1%

Return vs Industry: ENPH underperformed the US Semiconductor industry which returned 74.1% over the past year.

Return vs Market: ENPH underperformed the US Market which returned 30.1% over the past year.

Price Volatility

Is ENPH's price volatile compared to industry and market?
ENPH volatility
ENPH Average Weekly Movement10.0%
Semiconductor Industry Average Movement7.7%
Market Average Movement6.3%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.1%

Stable Share Price: ENPH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ENPH's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20063,157Badri Kothandaramanwww.enphase.com

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. It also provides microinverter units and related accessories, an IQ gateway; IQ batteries; the cloud-based Enlighten monitoring service; storage solutions; and electric vehicle charging solutions, as well as design, proposal, permitting, and lead generation services.

Enphase Energy, Inc. Fundamentals Summary

How do Enphase Energy's earnings and revenue compare to its market cap?
ENPH fundamental statistics
Market capUS$10.32b
Earnings (TTM)US$61.42m
Revenue (TTM)US$1.25b

163.8x

P/E Ratio

8.0x

P/S Ratio

Is ENPH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ENPH income statement (TTM)
RevenueUS$1.25b
Cost of RevenueUS$672.73m
Gross ProfitUS$577.51m
Other ExpensesUS$516.09m
EarningsUS$61.42m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.45
Gross Margin46.19%
Net Profit Margin4.91%
Debt/Equity Ratio139.6%

How did ENPH perform over the long term?

See historical performance and comparison