Latest news with #microinverters
Yahoo
2 days 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
4 days ago
- Business
- Yahoo
Enphase Energy (ENPH) Fell Hard This Week. Here is Why.
The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 22.54% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week. 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. Enphase Energy, Inc. (NASDAQ:ENPH) nosedived to a 5-year low this week following a proposal by the Senate Finance Committee to speed up the elimination of tax credits for solar and wind energy industries. According to the new proposal, these incentives would be reduced by 60% next year and phased out entirely in 2028, in contrast to the original expiry date of 2032, according to the current law. The proposed legislation deals a massive blow to the rooftop solar industry, as it would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, posing a significant threat to players like Enphase Energy, Inc. (NASDAQ:ENPH). While we acknowledge the potential of ENPH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
Yahoo
23-05-2025
- Business
- Yahoo
Here is Why Enphase Energy (ENPH) Fell Today
The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 19.6% on May 22, 2025. 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) suffered a major setback after the House of Representatives narrowly passed President Trump's sweeping tax and spending bill, which may slash numerous green-energy subsidies that have supported the renewable energy sector and have devastating consequences for the ballooning solar power industry. The legislation, now headed to the Senate, makes it difficult or impossible for solar companies to claim tax credits that amount to half the cost of some projects. The rooftop solar industry will be particularly hit hard as the bill ends tax credits for installers that lease equipment to customers, in addition to eliminating a tax credit for homeowners who own their own panels. As a result, the sales of Enphase Energy's inverters would take a hit from lower demand for rooftop solar. Enphase Energy, Inc. (NASDAQ:ENPH) has already been struggling, with revenue contracting from $2.3 billion in 2022 to $1.33 billion in 2024. The sharp slowdown comes as a result of industry-wide headwinds, including channel inventory destocking, weakening demand in major markets like the U.S.— impacted by policy changes such as California's NEM 3.0 — and macroeconomic uncertainties. The company also missed both earnings and revenue estimates in the first quarter of 2025 and has also been a victim of downgrades by several analysts over the last month. While we acknowledge the potential of ENPH to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ENPH but that trades at less than 5 times its earnings, 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. 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
