Enphase Energy Inc. [ENPH] is 72.90% higher this YTD. Is it still time to buy?

Enphase Energy Inc. [NASDAQ: ENPH] jumped around 23.49 points on Wednesday, while shares priced at $316.31 at the close of the session, up 8.02%. The company report on September 6, 2022 that Enphase Energy and BayWa r.e. Expand Distribution Partnership in Europe.


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Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today that Enphase has expanded its global relationship with renewable energy company BayWa r.e., a leading global developer and solar photovoltaic (PV) distributor, to distribute Enphase’s IQ7™ family of microinverters and IQ™ Batteries in Germany and Benelux.

“We have enjoyed a long partnership with Enphase and are pleased to join forces with the company to expand our product portfolio by distributing its solar and battery products in Germany,” said Alexander Schütt, managing director at BayWa r.e. Solar Energy Systems GmbH. “The German solar and battery market is rapidly growing, and demand is accelerating. Some of the key reasons we offer Enphase products to our customers include their ease of installation, reliability, safety, and excellent performance.”.

Enphase Energy Inc. stock is now 72.90% up from its year-to-date (YTD) trading value. ENPH Stock saw the intraday high of $318.22 and lowest of $291.12 per share. The company’s 52-week high price is 308.88, which means current price is +178.93% above from all time high which was touched on 09/07/22.

Compared to the average trading volume of 3.19M shares, ENPH reached a trading volume of 7143161 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 $277.58 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 2.00. 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.

Barclays have made an estimate for Enphase Energy Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 05, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $174 to $281. The new note on the price target was released on July 28, 2022, representing the official price target for Enphase Energy Inc. stock. Previously, the target price had yet another raise to $205, while Truist analysts kept a Buy rating on ENPH stock.

The Average True Range (ATR) for Enphase Energy Inc. is set at 15.89, with the Price to Sales ratio for ENPH stock in the period of the last 12 months amounting to 24.93. The Price to Book ratio for the last quarter was 94.70, with the Price to Cash per share for the same quarter was set at 9.12. Price to Free Cash Flow for ENPH in the course of the last twelve months was 92.74 with Quick ratio for the last quarter at 3.30.

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 10.69. With this latest performance, ENPH shares gained by 9.93% in over the last four-week period, additionally plugging by 79.73% over the last 6 months – not to mention a rise of 87.47% 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 67.87, with the RSI for the last a single of trading hit 71.65, and the three-weeks RSI is set at 66.04 for Enphase Energy Inc. [ENPH]. The present Moving Average for the last 50 days of trading for this stock 254.97, while it was recorded at 291.30 for the last single week of trading, and 196.87 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 +15.97 and a Gross Margin at +40.12. Enphase Energy Inc.’s Net Margin is presently recorded at +10.52.

Return on Equity for this stock inclined to 31.82, with Return on Assets sitting at 8.87.

Enphase Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.60.

Earnings analysis for Enphase Energy Inc. [ENPH]

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 32.23%.

Insider trade positions for Enphase Energy Inc. [ENPH]

There are presently around $36,563 million, or 76.30% of ENPH stock, in the hands of institutional investors. The top three institutional holders of ENPH stocks are: GOLDMAN SACHS GROUP INC with ownership of 19,103,044, which is approximately 4170.612% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 15,035,954 shares of the stock with an approximate value of $4.76 billion in ENPH stocks shares; and BLACKROCK INC., currently with $4.57 billion in ENPH stock with ownership of nearly -3.701% of the company’s market capitalization.

Positions in Enphase Energy Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 448 institutional holders increased their position in Enphase Energy Inc. [NASDAQ:ENPH] by around 28,745,081 shares. Additionally, 356 investors decreased positions by around 6,319,912 shares, while 95 investors held positions by with 80,527,019 shares. The mentioned changes placed institutional holdings at 115,592,012 shares, according to the latest SEC report filing. ENPH stock had 132 new institutional investments in for a total of 1,806,685 shares, while 80 institutional investors sold positions of 951,587 shares during the same period.

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