
Enphase Energy (ENPH) Stock Forecast & Price Target
Enphase Energy (ENPH) Analyst Ratings
Bulls say
Enphase Energy has demonstrated stronger-than-expected performance in the residential solar market, particularly in the U.S., which may lead to positive financial outcomes and an upward trend in stock value. The company benefits from favorable market conditions, including lower interest rates and increased demand in global residential solar markets, notably in California where margins are historically higher. As a leading competitor in the residential solar sector, Enphase Energy is well-positioned to capitalize on growth opportunities, despite facing some policy uncertainties in the near term.
Bears say
Enphase Energy's stock has experienced a significant decline of 54% since February of the previous year, contrasting sharply with the S&P 500's 21% increase during the same period, indicating challenges in maintaining investor confidence. Consensus estimates project a sharp decrease in EBITDA from $771.9 million in 2023 to $377.7 million in 2024, raising concerns about the sustainability of the company's growth and valuation. Additionally, there have been notable declines in shipment orders for both string and microinverter products, and indications of aggressive price cuts to drive volume suggest a potential deterioration in earnings outlook, which could lead to further downward revisions in financial projections.
This aggregate rating is based on analysts' research of Enphase Energy and is not a guaranteed prediction by Public.com or investment advice.
Enphase Energy (ENPH) Analyst Forecast & Price Prediction
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