Enphase Energy Inc. [NASDAQ: ENPH] closed the trading session at $204.71 on 02/23/23. The day’s price range saw the stock hit a low of $198.13, while the highest price level was $208.824. The company report on February 23, 2023 that Enphase Energy Expands IQ8 Microinverter Deployments in Maryland.
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According to the U.S. Solar Market Insight report from Wood Mackenzie and the Solar Energy Industries Association, residential solar deployments in Maryland are forecast to reach approximately 92 MW in 2023, representing a 25 percent increase from the previous year. Additionally, residential battery deployments in Maryland are expected to grow more than eight-fold by 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie.
The stocks have a year to date performance of -22.74 percent and weekly performance of -6.04 percent. The stock has been moved at -28.28 percent over the last six months. The stock has performed -6.73 percent around the most recent 30 days and changed -33.56 percent over the most recent 3-months.
If compared to the average trading volume of 4.13M shares, ENPH reached to a volume of 2968551 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $299.69 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.
Janney have made an estimate for Enphase Energy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 03, 2023. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $350 to $255. The new note on the price target was released on January 25, 2023, representing the official price target for Enphase Energy Inc. stock. Previously, the target price had yet another raise to $335, while Daiwa Securities analysts kept a Outperform rating on ENPH stock.
The Average True Range (ATR) for Enphase Energy Inc. is set at 12.35, with the Price to Sales ratio for ENPH stock in the period of the last 12 months amounting to 11.81. The Price to Book ratio for the last quarter was 33.78, with the Price to Cash per share for the same quarter was set at 11.99. Price to Free Cash Flow for ENPH in the course of the last twelve months was 39.41 with Quick ratio for the last quarter at 3.30.
ENPH stock trade performance evaluation
Enphase Energy Inc. [ENPH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.04. With this latest performance, ENPH shares dropped by -6.73% in over the last four-week period, additionally sinking by -28.28% over the last 6 months – not to mention a rise of 53.88% 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 38.18, with the RSI for the last a single of trading hit 39.15, and the three-weeks RSI is set at 38.28 for Enphase Energy Inc. [ENPH]. The present Moving Average for the last 50 days of trading for this stock 244.65, while it was recorded at 203.54 for the last single week of trading, and 251.45 for the last 200 days.
Enphase Energy Inc. [ENPH]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Enphase Energy Inc. [ENPH] shares currently have an operating margin of +19.42 and a Gross Margin at +41.14. Enphase Energy Inc.’s Net Margin is presently recorded at +17.05.
Return on Equity for this stock inclined to 63.29, with Return on Assets sitting at 15.39.
Enphase Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.50.
Earnings per share (EPS) analysis for Enphase Energy Inc. [ENPH] stock
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 20.05%.
Enphase Energy Inc. [ENPH]: Insider Ownership positions
There are presently around $21,171 million, or 81.20% of ENPH stock, in the hands of institutional investors. The top three institutional holders of ENPH stocks are: VANGUARD GROUP INC with ownership of 15,686,222, which is approximately 1.942% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 14,133,742 shares of the stock with an approximate value of $2.89 billion in ENPH stocks shares; and STATE STREET CORP, currently with $1.06 billion in ENPH stock with ownership of nearly -1.306% of the company’s market capitalization.
Positions in Enphase Energy Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 533 institutional holders increased their position in Enphase Energy Inc. [NASDAQ:ENPH] by around 10,478,902 shares. Additionally, 407 investors decreased positions by around 9,149,912 shares, while 100 investors held positions by with 83,788,626 shares. The mentioned changes placed institutional holdings at 103,417,440 shares, according to the latest SEC report filing. ENPH stock had 159 new institutional investments in for a total of 1,675,132 shares, while 83 institutional investors sold positions of 694,479 shares during the same period.