Enphase Energy (ENPH) to Release Quarterly Earnings on Tuesday

Enphase Energy (NASDAQ:ENPH) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Enphase Energy to post earnings of $0.72 per share and revenue of $377.51 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Enphase Energy Trading Up 0.4 %

NASDAQ:ENPH opened at $62.28 on Monday. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The business has a fifty day moving average of $69.27 and a 200-day moving average of $89.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 141.55, a PEG ratio of 7.94 and a beta of 1.68.

Analyst Upgrades and Downgrades

ENPH has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Enphase Energy from $101.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada dropped their target price on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a report on Friday, November 22nd. Truist Financial restated a “hold” rating and set a $65.00 price target (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Canaccord Genuity Group reiterated a “hold” rating and issued a $76.00 price objective on shares of Enphase Energy in a research note on Tuesday, November 19th. Finally, Janney Montgomery Scott lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $93.06.

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.