Latest news with #ENPH
Yahoo
a day ago
- Business
- Yahoo
Is Enphase Energy Stock Underperforming the S&P 500?
Fremont, California-based Enphase Energy, Inc. (ENPH) designs, develops, manufactures, and sells solar energy equipment for the solar photovoltaic industry internationally. Valued at $4.8 billion by market cap, the company offers home and commercial solar and storage solutions. Companies worth $2 billion or more are generally described as 'mid-cap stocks,' and ENPH perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the solar industry. Enphase's technological prowess drives its market leadership, with industry-leading microinverter technology and integrated solar-plus-storage solutions. Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Despite its notable strength, ENPH shares slipped 72% from their 52-week high of $130.08, achieved on Aug. 26, 2024. Over the past three months, ENPH stock has declined 40.7%, considerably underperforming the S&P 500 Index's ($SPX) 5.4% rise during the same time frame. In the longer term, shares of ENPH dipped 47% on a YTD basis and declined 69.4% over the past 52 weeks, significantly underperforming SPX's YTD gains of 1.7% and 9% returns over the last year. To confirm the bearish trend, ENPH has been trading below its 50-day and 200-day moving averages since early October, with slight fluctuations. ENPH has underperformed due to Senate cuts to wind and solar incentives, considerably hurting Enphase's business. Solar stocks have struggled due to competition and regulatory issues. The future of solar subsidies is uncertain, leading to volatility in Enphase's stock, and it may take years for the company to thrive without incentives. On Apr. 22, ENPH reported its Q1 results, and its shares closed down more than 15% in the following trading session. Its adjusted EPS of $0.68 missed Wall Street expectations of $0.71. The company's revenue was $356.1 million, missing Wall Street forecasts of $362.1 million. For Q2, ENPH expects revenue in the range of $340 million to $380 million. In the competitive arena of solar, SolarEdge Technologies, Inc. (SEDG) has taken the lead over the stock, with a 24.9% gain on a YTD basis and 54.2% losses over the past 52 weeks. Wall Street analysts are cautious on ENPH's prospects. The stock has a consensus 'Hold' rating from the 32 analysts covering it, and the mean price target of $58.37 suggests a potential upside of 60.4% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
6 days ago
- Business
- Yahoo
Investors Heavily Search Enphase Energy, Inc. (ENPH): Here is What You Need to Know
Enphase Energy (ENPH) has recently been on list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this solar technology company have returned -9.5%, compared to the Zacks S&P 500 composite's +1.7% change. During this period, the Zacks Solar industry, which Enphase Energy falls in, has gained 4.8%. The key question now is: What could be the stock's future direction? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. For the current quarter, Enphase Energy is expected to post earnings of $0.62 per share, indicating a change of +44.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.4% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $2.41 points to a change of +1.7%. from the prior year. Over the last 30 days, this estimate has changed +1.1%. For the next fiscal year, the consensus earnings estimate of $3.15 indicates a change of +30.6% from what Enphase Energy is expected to report a year ago. Over the past month, the estimate has changed +2.3%. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Enphase Energy is rated Zacks Rank #5 (Strong Sell). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. For Enphase Energy, the consensus sales estimate for the current quarter of $355.7 million indicates a year-over-year change of +17.2%. For the current and next fiscal years, $1.43 billion and $1.54 billion estimates indicate +7.2% and +7.6% changes, respectively. Enphase Energy reported revenues of $356.08 million in the last reported quarter, representing a year-over-year change of +35.2%. EPS of $0.68 for the same period compares with $0.35 a year ago. Compared to the Zacks Consensus Estimate of $362.07 million, the reported revenues represent a surprise of -1.65%. The EPS surprise was -4.23%. Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates just once over this period. No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Enphase Energy is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about Enphase Energy. However, its Zacks Rank #5 does suggest that it may underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Enphase Energy (ENPH) Stock Slides as Market Rises: Facts to Know Before You Trade
Enphase Energy (ENPH) ended the recent trading session at $44.82, demonstrating a -1.03% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.24%, while the tech-heavy Nasdaq appreciated by 0.24%. The solar technology company's stock has dropped by 6.19% in the past month, falling short of the Oils-Energy sector's gain of 6.38% and the S&P 500's gain of 6.6%. The investment community will be closely monitoring the performance of Enphase Energy in its forthcoming earnings report. On that day, Enphase Energy is projected to report earnings of $0.62 per share, which would represent year-over-year growth of 44.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $355.7 million, up 17.21% from the year-ago period. ENPH's full-year Zacks Consensus Estimates are calling for earnings of $2.41 per share and revenue of $1.43 billion. These results would represent year-over-year changes of +1.69% and +7.24%, respectively. Any recent changes to analyst estimates for Enphase Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.31% decrease. Enphase Energy is currently sporting a Zacks Rank of #5 (Strong Sell). In the context of valuation, Enphase Energy is at present trading with a Forward P/E ratio of 18.77. This valuation marks a premium compared to its industry average Forward P/E of 15.56. The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 179, finds itself in the bottom 28% echelons of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
30-05-2025
- Business
- Yahoo
Here is Why Enphase Energy (ENPH) Crashed This Week
The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 17.99% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A solar panel array stretched across a large open field, its glimmering panels reflecting the sun. Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world's leading supplier of micro-inverter-based solar and battery systems. The company has shipped approximately 80 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries around the world. Enphase Energy, Inc. (NASDAQ:ENPH) plunged after investors reacted negatively to the House of Representatives narrowly passing President Trump's 'one big beautiful bill', which ends the investment and electricity production credits for clean energy facilities. Those credits have played a key role in the rapid expansion of utility-scale solar projects in the country. The rooftop solar industry faces a fatal blow as the bill would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, potentially causing a drop in sales of ENPH's inverters. Enphase Energy, Inc. (NASDAQ:ENPH) also faced downward pressure after the stock was downgraded by BMO Capital from Market Perform to Underperform, with its price target also reduced from $46 to $39. While we acknowledge the potential of ENPH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENPH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
29-05-2025
- Business
- Yahoo
Here is Why Enphase Energy (ENPH) Crashed This Week
The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 17.99% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A solar panel array stretched across a large open field, its glimmering panels reflecting the sun. Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world's leading supplier of micro-inverter-based solar and battery systems. The company has shipped approximately 80 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries around the world. Enphase Energy, Inc. (NASDAQ:ENPH) plunged after investors reacted negatively to the House of Representatives narrowly passing President Trump's 'one big beautiful bill', which ends the investment and electricity production credits for clean energy facilities. Those credits have played a key role in the rapid expansion of utility-scale solar projects in the country. The rooftop solar industry faces a fatal blow as the bill would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, potentially causing a drop in sales of ENPH's inverters. Enphase Energy, Inc. (NASDAQ:ENPH) also faced downward pressure after the stock was downgraded by BMO Capital from Market Perform to Underperform, with its price target also reduced from $46 to $39. While we acknowledge the potential of ENPH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENPH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
