Streetbeat News

ENPH

Enphase Energy, Inc.

https://www.enphase.com

Industry

Solar

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

Open

64.92

Mkt cap

Volume

6.8M

High

65.90

P/E Ratio

129.39

52-wk high

141.63

Low

59.46

Div yield

N/A

52-wk low

59.12

Wall Street reached new highs with the S&P 500 and Nasdaq 100 leading, ahead of the January inflation report. Bitcoin soared to $50,333, and NVIDIA surpassed Amazon in market cap. The VanEck Semiconductor ETF surged over 20% YTD. Major ETFs like SPY, DIA, and QQQ also saw gains, with sector-specific ETFs like XLB, XLE, and XLC performing well. V.F. Corporation and Enphase Energy stocks rose significantly. Companies like Arista Networks, Cadence Design Systems, Waste Management, and Principal Financial Group are set to report earnings.

Portfolio Pulse from Piero Cingari

February 12, 2024 | 6:50 pm

The S&P 500 surpassed 5,000 points and the Nasdaq approached 18,000, marking a significant rally driven by optimism in artificial intelligence. NVIDIA Corp. saw a nearly 50% increase in its shares since the year's start, contributing to the 'Magnificent Seven's combined market cap of $13.2 trillion. Bitcoin also saw a notable rise, exceeding $47,000. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust saw varied movements, while sector and industry ETFs like the Technology SPDR Select Sector Fund and VanEck Semiconductor ETF experienced gains. Companies such as Enphase Energy Inc., First Solar Inc., and Cloudfare Inc. saw significant stock movements due to earnings and outlooks, whereas Expedia Group Inc. faced a downturn after a downgrade.

Portfolio Pulse from Piero Cingari

February 09, 2024 | 6:45 pm

Enphase Energy (NASDAQ:ENPH) has seen a significant surge in options activity, with a notable bullish sentiment among big-money traders. Benzinga's options scanner revealed 10 trades, predominantly bullish, targeting a price range of $94.0 to $125.0. The company, a leader in solar generation and storage solutions, has its stock price slightly up with analysts showing optimism. Professional ratings vary, with target prices ranging from $106 to $145.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:15 pm

Enphase Energy (NASDAQ:ENPH) received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for ENPH has risen to $122.93, up 9.56% from $112.20. Analyst actions varied, with several raising, lowering, or maintaining their price targets and ratings. Enphase Energy's financial performance shows challenges, including a significant revenue decline of -45.1% as of December 31, 2023, and below-average profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 8:00 pm

Barclays analyst Brandt Montour maintains an Equal-Weight rating on Enphase Energy (ENPH) and raises the price target from $106 to $115.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:50 pm

Morgan Stanley analyst Andrew Percoco has maintained an Equal-Weight rating on Enphase Energy (ENPH) and increased the price target from $97 to $106.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 8:09 pm

Wall Street saw a bullish day with the S&P 500 nearing 5,000 points, driven by strong corporate earnings and the dominance of tech giants, despite regional banking concerns. The 'Magnificent Seven' tech companies surpassed a $13 trillion market cap. NYCB faced a decline after credit rating downgrades. Cryptocurrency and major indices also saw movements, with notable stock performances post-earnings reports.

Portfolio Pulse from Piero Cingari

February 07, 2024 | 6:40 pm

Container Store Group's shares fell by 23% due to weak quarterly results, missing both earnings and sales estimates. Other stocks showed significant movements, with MicroCloud Hologram Inc. leading gainers by 400% after announcing plans to join the Communications Industry Association. Glatfelter Corporation also saw a notable increase after a merger announcement with Berry Global. On the losing side, Snap Inc. dropped by 35.2% following mixed quarterly results, and Sunworks Inc. plummeted by 29.1% after filing for Chapter 7 bankruptcy.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 6:02 pm

Chipotle Mexican Grill, Inc. reported better-than-expected fourth-quarter financial results, leading to a 7.7% surge in its shares. Other companies like Aviat Networks, Enphase Energy, Sonos, XPO, Cirrus Logic, Green Plains, Griffon Corporation, REGENXBIO, The AZEK Company, O-I Glass, Frontier Group Holdings, SolarEdge Technologies, Silicon Laboratories, Emerson Electric, Yum China Holdings, Trex Company, The Carlyle Group, Roblox Corporation, IHS Holding, Palantir Technologies, California Resources Corporation, Arcadium Lithium, Palo Alto Networks, Carlisle Companies, Assurant, and Fortinet also reported positive financial results or updates, resulting in significant stock price increases.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 4:38 pm

Enphase Energy, Inc. (NASDAQ:ENPH) shares surged after reporting Q4 financial results, despite missing earnings and revenue estimates. The stock was upgraded by Oppenheimer and had its price target raised by BMO Capital. The company plans to cease operations in Romania and Wisconsin, focusing on manufacturing in the U.S. Short interest in ENPH shares may also be influencing its price movement.

Portfolio Pulse from Erica Kollmann

February 07, 2024 | 3:20 pm

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