Enphase Energy Inc. [NASDAQ: ENPH] jumped around 5.8 points on Thursday, while shares priced at $160.88 at the close of the session, up 3.74%. The company report on April 19, 2021 that Enphase Energy and REA Global Power the First Electric Bus in Australia.
Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, announced that Transdev, a multinational transit operator, selected Enphase microinverters for the first public transport depot in Australia to feature a fully solar-powered bus. Transdev plans to electrify the public transport network in Australia to show that it is more economical both financially and environmentally to transition to solar-powered electrical vehicle (EV) buses.
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Transdev partnered with REA Global, an award winning residential and commercial solar installer with Platinum status in the Enphase Installer Network (EIN) in Australia. The first stage of the installation paired 250 x 380 W REA Power Series Modules with Enphase IQ 7+ microinverters to deliver this pioneering 95 kW commercial project.
Enphase Energy Inc. stock is now -8.31% down from its year-to-date (YTD) trading value. ENPH Stock saw the intraday high of $167.23 and lowest of $159.01 per share. The company’s 52-week high price is 229.04, which means current price is +24.71% above from all time high which was touched on 02/10/21.
Compared to the average trading volume of 3.27M shares, ENPH reached a trading volume of 3734417 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Enphase Energy Inc. [ENPH]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ENPH shares is $214.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ENPH stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Enphase Energy Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 20, 2021. While these analysts kept the previous recommendation, Tudor Pickering raised their target price to Buy. The new note on the price target was released on April 06, 2021, representing the official price target for Enphase Energy Inc. stock. Previously, the target price had yet another raise to $200, while Susquehanna analysts kept a Positive rating on ENPH stock.
The Average True Range (ATR) for Enphase Energy Inc. is set at 10.41, with the Price to Sales ratio for ENPH stock in the period of the last 12 months amounting to 27.38. The Price to Book ratio for the last quarter was 42.23, with the Price to Cash per share for the same quarter was set at 5.16. Price to Free Cash Flow for ENPH in the course of the last twelve months was 108.33 with Quick ratio for the last quarter at 1.70.
How has ENPH stock performed recently?
Enphase Energy Inc. [ENPH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.35. With this latest performance, ENPH shares gained by 3.15% in over the last four-week period, additionally plugging by 38.52% over the last 6 months – not to mention a rise of 320.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENPH stock in for the last two-week period is set at 53.86, with the RSI for the last a single of trading hit 58.99, and the three-weeks RSI is set at 51.38 for Enphase Energy Inc. [ENPH]. The present Moving Average for the last 50 days of trading for this stock 162.19, while it was recorded at 150.82 for the last single week of trading, and 127.18 for the last 200 days.
Enphase Energy Inc. [ENPH]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Enphase Energy Inc. [ENPH] shares currently have an operating margin of +24.07 and a Gross Margin at +44.39. Enphase Energy Inc.’s Net Margin is presently recorded at +17.30.
Return on Total Capital for ENPH is now 30.44, given the latest momentum, and Return on Invested Capital for the company is 30.16. Return on Equity for this stock inclined to 35.44, with Return on Assets sitting at 14.01. When it comes to the capital structure of this company, Enphase Energy Inc. [ENPH] has a Total Debt to Total Equity ratio set at 72.44. Additionally, ENPH Total Debt to Total Capital is recorded at 42.01, with Total Debt to Total Assets ending up at 29.22. Long-Term Debt to Equity for the company is recorded at 4.15, with the Long-Term Debt to Total Capital now at 2.41.
Reflecting on the efficiency of the workforce at the company, Enphase Energy Inc. [ENPH] managed to generate an average of $157,641 per employee. Receivables Turnover for the company is 4.30 with a Total Asset Turnover recorded at a value of 0.81.Enphase Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Earnings analysis for Enphase Energy Inc. [ENPH]
With the latest financial reports released by the company, Enphase Energy Inc. posted 0.38/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ENPH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enphase Energy Inc. go to 37.70%.
Insider trade positions for Enphase Energy Inc. [ENPH]
There are presently around $15,149 million, or 71.80% of ENPH stock, in the hands of institutional investors. The top three institutional holders of ENPH stocks are: BLACKROCK INC. with ownership of 15,010,272, which is approximately 15.166% of the company’s market cap and around 1.50% of the total institutional ownership; VANGUARD GROUP INC, holding 11,092,029 shares of the stock with an approximate value of $1.78 billion in ENPH stocks shares; and JPMORGAN CHASE & CO, currently with $1.13 billion in ENPH stock with ownership of nearly 14.635% of the company’s market capitalization.
Positions in Enphase Energy Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 379 institutional holders increased their position in Enphase Energy Inc. [NASDAQ:ENPH] by around 16,320,128 shares. Additionally, 196 investors decreased positions by around 16,650,395 shares, while 39 investors held positions by with 61,190,355 shares. The mentioned changes placed institutional holdings at 94,160,878 shares, according to the latest SEC report filing. ENPH stock had 204 new institutional investments in for a total of 4,348,399 shares, while 36 institutional investors sold positions of 613,549 shares during the same period.