Top stocks of the week: Enphase, Broadcom and Vertex Soar - The Stock Market News (2024)

FAQs

Is ENPH a good buy right now? ›

In the current month, ENPH has received 32 Buy Ratings, 18 Hold Ratings, and 3 Sell Ratings. ENPH average Analyst price target in the past 3 months is $126.70.

Enphase Energy (NASDAQ: ENPH) had another bad quarter in the first quarter of 2024, but the company is starting to see some improvements in the market. Demand won't pick up quickly, but long-term investors may finally see some opportunity in the stock.

Future Growth

Enphase Energy is forecast to grow earnings and revenue by 28.3% and 15.5% per annum respectively. EPS is expected to grow by 27.8% per annum. Return on equity is forecast to be 30.9% in 3 years.

Based on short-term price targets offered by 34 analysts, the average price target for Enphase Energy comes to $126.03. The forecasts range from a low of $71.00 to a high of $173.00. The average price target represents an increase of 18.83% from the last closing price of $106.06.

The consumer solar power boom of the last few years has come to an end, but investors are betting that Enphase is gearing up for its next growth spurt sooner rather than later. In its final quarterly update of 2023, management was quick to comment on its resumption of growth later in 2024.

Compared to the current market price of 113.85 USD, Enphase Energy Inc is Undervalued by 17%.

If you have shading impacts on your roof, then the additional cost of Enphase micro inverters compared to standard string inverters will likely pay for itself in the first couple of years. In these circ*mstances we would definitely recommend Enphase or a power optimised solution like SolarEdge.

Total debt on the balance sheet as of December 2023 : $1.29 B. According to Enphase Energy 's latest financial reports the company's total debt is $1.29 B.

Enphase Energy Stock Price Forecast 2024-2025

The forecasted Enphase Energy price at the end of 2024 is $130 - and the year to year change -2%. The rise from today to year-end: +14%. In the middle of 2024, we expect to see $116.

What is the Enphase Energy stock prediction for 2030? According to our Enphase Energy stock prediction for 2030, ENPH stock will be priced at $ 9,616.97 in 2030. This forecast is based on the stock's average growth over the past 10 years.

Is Enphase Energy profitable? ›

As a top player in a hot industry -- its microinverters are a key solar panel component -- Enphase's red-hot run over the past few years was due to its breakneck revenue growth rate and total addressable market, not its earnings. Although it's been consistently profitable, it doesn't pay a dividend.

Is Enphase Energy stock a Buy, Sell or Hold? Enphase Energy stock has received a consensus rating of buy. The average rating score is and is based on 62 buy ratings, 28 hold ratings, and 5 sell ratings.

Enphase IQ, however, gives a 4,000-cycle warranty, which is 800 times greater than the 3,200-cycle warranty offered by Tesla Powerwall. Although the two batteries have the same lifespan of 10 years and 70% capacity, Enphase IQ's warranty benefits them by including coverage for 800 additional cycles.

You can trust it to work in all climatic conditions. It is safer and is more efficient in low-light conditions. Plus, it allows you to monitor every panel of your solar rooftop system in real-time; and your installer needs just a few minutes and minimal wiring to install it.

Great news for investors – Enphase Energy is still trading at a fairly cheap price. According to our valuation, the intrinsic value for the stock is $154.63, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.

Enphase Energy stock forecast for 2025: $ 238.89 (109.83%) Enphase Energy stock prediction for 2030: $ 9,717.69 (8,435.52%)

ENPHASE ENERGY INC (ENPH) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 77% based on the firm's underlying fundamentals and the stock's valuation.