In today’s recent session, 0.5 million shares of the Enphase Energy Inc (NASDAQ:ENPH) have been traded, and its beta is 1.80. Most recently the company’s share price was $54.15, and it changed around $2.26 or 4.35% from the last close, which brings the market valuation of the company to $7.10B. ENPH at last check was trading at a discount to its 52-week high of $141.63, offering almost -161.55% off that amount. The share price’s 52-week low was $47.48, which indicates that the recent value has risen by an impressive 12.32% since then. We note from Enphase Energy Inc’s average daily trading volume that its 10-day average is 4.41 million shares, with the 3-month average coming to 4.25 million.
Enphase Energy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.37. If we narrow it down even further, the data shows that 2 out of 40 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 20 recommended ENPH as a Hold, whereas 12 deemed it a Buy, and 1 rated it as Underweight. Enphase Energy Inc is expected to report earnings per share of 0.72 for the current quarter.
Enphase Energy Inc (NASDAQ:ENPH) trade information
Instantly ENPH has been showing a green trend so far today with a performance of 4.35% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 57.38 on recent trading dayincreased the stock’s daily price by 5.63%. The company’s shares are currently down -21.16% year-to-date, but still down -2.89% over the last five days. On the other hand, Enphase Energy Inc (NASDAQ:ENPH) is -6.85% down in the 30-day period. We can see from the shorts that 18.32 million shares have been sold at a short interest cover period of 4.11 day(s).
The consensus price target as assigned by Wall Street analysts is $95, which translates to bulls needing to increase their stock price by 43.0% from its current value. Analyst projections state that ENPH is forecast to be at a low of $62 and a high of $125.
Enphase Energy Inc (ENPH) estimates and forecasts
The year-over-year growth rate is expected to be 16.44%, up from the previous year.
Consensus estimates provided by 27 financial analysts predict the company will bring in an average of 359.62M in revenue for the current quarter. 26 analysts expect Enphase Energy Inc to make 381.92M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 263.34M and 303.46M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 36.56%. Forecasts for the next quarter put sales growth at 25.86%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -9.43%. Enphase Energy Inc earnings are expected to increase by 38.43% in 2025, but the outlook is positive 25.43% per year for the next five years.
ENPH Dividends
Enphase Energy Inc’s next quarterly earnings report is expected to be released on 2025-Feb-03.
Enphase Energy Inc (NASDAQ:ENPH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.20% of Enphase Energy Inc shares, and 94.55% of them are in the hands of institutional investors. The stock currently has a share float of 97.68%. Enphase Energy Inc stock is held by 1008.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.8737% of the shares, which is about 16.14 million shares worth $1.61 billion.
BLACKROCK INC., with 11.3423% or 15.39 million shares worth $1.53 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.04 shares worth $217.8 million, making up 3.05% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held roughly 3.66 shares worth around $197.31 million, which represents about 2.76% of the total shares outstanding.
