Enphase Energy, Earns ‘Moderate Buy’ Rating from Brokerages for 2023.
March 16, 2023
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Enphase Energy ($NASDAQ:ENPH), Inc. has recently been given an average rating of “Moderate Buy” from brokerages for the year 2023. This rating indicates that the market views Enphase as a sound investment for the foreseeable future. Enphase is a publicly traded energy technology company and has gained traction in recent years due to its ability to provide reliable and efficient energy solutions for homes and businesses. Enphase is known for its micro-inverter technology, which enables customers to maximize their energy efficiency and reduce energy costs. The company’s technology is also used in solar energy systems, which have seen tremendous growth in popularity in recent years.
In addition to its micro-inverter technology, Enphase also provides grid-tied systems, home energy storage, and other innovative solutions to help customers manage their energy use. The ‘Moderate Buy’ rating from brokerages means that they recommend investing in Enphase due to its potential to generate returns in the long run. With the increasing demand for energy solutions and the company’s commitment to providing reliable and cost-effective solutions, Enphase is well-positioned to succeed in the future. The ‘Moderate Buy’ rating reflects the confidence that brokerages have in Enphase’s ability to remain competitive in the marketplace.
Price History
The media sentiment has been mostly positive, which was reflected in the stock performance on Monday. ENPHASE ENERGY opened at $209.2 and closed at $211.5, which is an increase of 0.6% from the previous closing price of 210.2. This suggests that investors are confident in the company’s ability to continue to perform well in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enphase Energy. More…
| Total Revenues | Net Income | Net Margin |
| 2.33k | 397.36 | 17.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enphase Energy. More…
| Operations | Investing | Financing |
| 744.82 | -371.91 | -17.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enphase Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.08k | 2.26k | 6.05 |
Key Ratios Snapshot
Some of the financial key ratios for Enphase Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 55.1% | 62.3% | 19.8% |
| FCF Margin | ROE | ROA |
| 30.0% | 40.2% | 9.4% |
Analysis
At GoodWhale, we recently conducted a deep analysis of the fundamentals of ENPHASE ENERGY. After an extensive review of their income sheet, balance sheet, and cashflow statement, we determined that ENPHASE ENERGY is a high risk investment. We identified three risk warnings in their financial statements that should be taken into account when considering investing in this company. These warnings are important considerations for anyone looking to invest. That’s why we encourage interested investors to register with us to get a full view of our findings and make an informed decision about their investments. More…
Peers
Founded in 2006, Enphase has shipped over 16 million microinverters, and has a presence in over 70 countries. Central Development Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the provision of power generation solutions. PT Sky Energy Indonesia Tbk is an Indonesia-based company primarily engaged in the development, manufacture, sale and installation of solar photovoltaic products. United Renewable Energy Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of solar cells and modules.
– Central Development Holdings Ltd ($SEHK:00475)
As of 2022, Central Development Holdings Ltd has a market cap of 244.17M and a Return on Equity of -16.31%. The company is involved in the development and operation of commercial, residential, and industrial properties in Hong Kong.
– PT Sky Energy Indonesia Tbk ($IDX:JSKY)
Sky Energy Indonesia Tbk is a leading Indonesian energy company with a focus on the exploration and production of oil and gas. The company has a market capitalization of $105.69 billion as of 2022 and a return on equity of -22.56%. Sky Energy Indonesia Tbk is involved in the exploration, development, and production of oil and gas in Indonesia. The company has a strong presence in the Indonesian energy sector and is one of the leading producers of oil and gas in the country.
– United Renewable Energy Co Ltd ($TWSE:3576)
As of 2022, United Renewable Energy Co Ltd has a market cap of 34.16B and a Return on Equity of 2.02%. The company is engaged in the business of renewable energy, including the development, design, manufacture, sale and installation of solar photovoltaic power generation systems, wind power generation systems, biomass power generation systems and other renewable energy power generation systems.
Summary
Enphase Energy, Inc. (ENPH) has been awarded a “Moderate Buy” rating from brokerages for 2023. Thus far, media sentiment regarding the company has been largely positive. Analysis of ENPH shares indicates that the stock is currently trading at a premium to its peers, indicating investor confidence in the company’s growth potential. Fundamental indicators such as revenue growth, EPS, and debt-to-equity suggest that ENPH is in a good position for continued growth, and appears to be undervalued compared to other stocks in its sector.
Technical analysis also shows that ENPH has continued to outperform the sector, further indicating a bullish trend in the stock. With a solid financial outlook and bullish trend, investors should consider ENPH as a viable long-term investment opportunity.
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