Related posts

Stocks extend reboundStocks and cryptos sink, OPEC+ cutsMarkets mixed after strong jobs data
Investor Insights

This summary was created by AI, based on 10 opinions in the last 12 months.

Enphase Energy (ENPH-Q) has experienced a significant decline in its stock price due to challenges in the clean tech space, including inflation, higher interest rates, and collapsed energy prices. The company has seen a drop-off in sales in the US and Europe, with the solar inverter shipments and sales decreasing. However, there are potential opportunities for recovery in the future, as the company is expanding its production and sales in new territories. The stock is currently considered to be cheap, but tax-loss selling and excess inventory pose challenges for the company. Overall, Enphase Energy is facing difficulties but still holds potential for improvement with better management and macroeconomic conditions in the future.

Consensus
Bearish
Valuation
Undervalued
PAST TOP PICK
Enphase Energy
(A Top Pick Mar 15/23, Down 39%)

Whole clean tech space has been very difficult. The story unraveled with inflation and higher rates. Still a good company, solar inverters. Better job than closest peer, and that's due to management. Drop-off in US and Europe. Sticking with it.

Energy
DON'T BUY
Enphase Energy

An interest rate play. Stay away.

Energy
DON'T BUY
Enphase Energy

The worst S&P stock of 2023, killed by rising interest rates and collapsed energy price, down 66%. Before that, ENPH was a winner. You need to borrow to buy their solar panels, hence the interest rates.

Energy
COMMENT
Enphase Energy

Down 59% this year with the sector, because of high interest rates. With rates easing, shares climbed today.

Energy
DON'T BUY
Enphase Energy
Buy as interest rates stabilize?

Still no. And tax-loss selling will also impact this name. Are better names out there.

Energy
DON'T BUY
Enphase Energy
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The sector is certainly under siege right now. Enphase's inverter shipments fell sequentially in 3Q to around 1.6 gigawatts vs. 2.1 GW in 2Q, though the declines could begin to subside in 2024 as inventories normalize. Sales dropped about 13% in 3Q, toward the lower end of revised guidance, and will likely be flat in 2023 given macroeconomic conditions in the US and Europe. Tax benefits included in the Inflation Reduction Act have supported margin expansion. Adjusted gross margin topped 48% in 3Q and could stay above 45% through year-end. Though the company only shipped 86 megawatt-hours worth of batteries in the quarter, a ramp-up in 2024 is possible as Enphase looks to expand production in the US and sell in new territories. ENPH is down to 17X earnings, but with a decline of 70% this year tax-loss selling is very likely. It has a decent balance sheet, but we would not step into this one on the buy side yet. 
Unlock Premium - Try 5i Free

Energy
WATCH
Enphase Energy

Is down 55% this year. Sells to mostly homeowners, so is exposed to higher interest rates. Reported last July with soft guidance with a small sales shortfall. Suffers excess inventory that could worsen. It is profitable. The PE has fallen from 60x forward to 24x forward. Are expanding in Europe, which could offset the weaker US market. He's torn over this and has made the wrong call on this this year. It's a show-me stock.

Energy
COMMENT
Enphase Energy

Has long liked this. It turned out to be a financing play rather than a solar play. Shares should have bounced by now, and it hasn't--and he owns this miscall

Energy
RISKY
Enphase Energy
Will benefit from the Inflation Reduction Act

As risky as it gets in a weak group. IS down 30% YTD, the opposite of First Solar. That said, Enphase is a key cog in the solar machine and shares haven't been this cheap since 2020. Will recover with the sector. Higher interest rates have held this back.

Energy
PARTIAL BUY
Enphase Energy

They missed their quarter. Some feel they're a finance company rather than an energy one. Buy a small portion.

Energy
TOP PICK
Enphase Energy

Solar micro-inverters. Technology is taking over string inverters, as it's more efficient and flexible. Moving from components, like inverters, and into systems like EV batteries and storage. No dividend. 

(Analysts’ price target is $293.86)
Energy
BUY
Enphase Energy

It reports Wednesday.  If you believe in the future of solar power, then this one's a winner.

Energy
BUY
Enphase Energy
Up over 70% this year, is one of the top-performing stocks. He's been recommending this for ages. They make parts ans software for solar energy and are a better investment than solar-panel makers which has too much competition. Is profitable and getting a boost from the Inflation Reduction Act.
Energy
BUY ON WEAKNESS
Enphase Energy
It's doing very well, has so many orders. When it comes down 15%, definitely buy.
Energy
PAST TOP PICK
Enphase Energy
(A Top Pick Oct 18/21, Up 69%) This is a high growth, high innovation, high quality solar equipment manufacturing company. Its software can convert DC to AC in homes. Had to trim some since the price rose so much it resulted in a heavy weighting within the portfolio. He still really likes it and would buy some back on dips.
Energy
Showing 1 to 15 of 29 entries

Enphase Energy(ENPH-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 6

Stockchase rating for Enphase Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Enphase Energy(ENPH-Q) Frequently Asked Questions

What is Enphase Energy stock symbol?

Enphase Energy is a American stock, trading under the symbol ENPH-Q on the NASDAQ (ENPH). It is usually referred to as NASDAQ:ENPH or ENPH-Q

Is Enphase Energy a buy or a sell?

In the last year, 6 stock analysts published opinions about ENPH-Q. 2 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Enphase Energy.

Is Enphase Energy a good investment or a top pick?

Enphase Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Enphase Energy.

Why is Enphase Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Enphase Energy worth watching?

6 stock analysts on Stockchase covered Enphase Energy In the last year. It is a trending stock that is worth watching.

What is Enphase Energy stock price?

On 2024-07-23, Enphase Energy (ENPH-Q) stock closed at a price of $103.64.