Enphase Energy (ENPH) to Release Earnings on Tuesday

Enphase Energy (NASDAQ:ENPH - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.70 per share and revenue of $358.39 million for the quarter. Enphase Energy has set its Q1 2025 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, analysts expect Enphase Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Enphase Energy Trading Up 1.5 %

ENPH traded up $0.79 on Friday, hitting $52.54. The company had a trading volume of 3,144,064 shares, compared to its average volume of 3,986,339. The company has a market cap of $6.96 billion, a PE ratio of 71.00 and a beta of 1.94. The business's fifty day simple moving average is $59.33 and its 200 day simple moving average is $69.01. Enphase Energy has a 12-month low of $47.48 and a 12-month high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Analysts Set New Price Targets

Several brokerages have commented on ENPH. Truist Financial reaffirmed a "hold" rating and issued a $65.00 price objective (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Canaccord Genuity Group upgraded shares of Enphase Energy from a "hold" rating to a "buy" rating and upped their price target for the stock from $76.00 to $82.00 in a report on Wednesday, February 5th. BMO Capital Markets lowered their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Piper Sandler reduced their target price on shares of Enphase Energy from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Craig Hallum lowered their price target on Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $85.09.

Insiders Place Their Bets

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Enphase Energy Company Profile

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.