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 services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as directly the do-it-yourself market through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.
IPO Year: 2012
Exchange: NASDAQ
Website: enphase.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $81.00 | Buy → Hold | HSBC Securities |
| 11/8/2024 | $88.00 | Outperform → Neutral | Exane BNP Paribas |
| 11/7/2024 | $93.00 → $61.00 | Hold → Underperform | Jefferies |
| 10/23/2024 | Buy → Hold | Canaccord Genuity | |
| 10/23/2024 | Buy → Neutral | Janney | |
| 10/23/2024 | $130.00 → $120.00 | Buy | TD Cowen |
| 10/23/2024 | $73.00 | Neutral → Sell | Guggenheim |
| 10/17/2024 | Sell → Neutral | Guggenheim | |
| 10/16/2024 | $147.00 → $104.00 | Positive → Neutral | Susquehanna |
| 10/15/2024 | $125.00 → $100.00 | Outperform → Sector Perform | RBC Capital Mkts |
FREMONT, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced the availability of its new portable energy system, the IQ® PowerPack 1500, for pre-order in the United States and Canada. This latest addition to the Enphase suite of products is a 1,500 Wh smart, go-anywhere portable energy system that can power most small appliances in the home, at work, or outdoors. Watch a video about this new product on the Enphase website. The IQ PowerPack 1500 is designed to provide battery backup, helping to ensure essential electronics stay up
FREMONT, Calif., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced initial shipments of IQ® Battery 5Ps produced in the United States that can help projects qualify for the Domestic Content Bonus Credit. The Domestic Content Bonus Credit is a tax credit that aims to encourage manufacturing and clean energy deployments in the United States as part of the Inflation Reduction Act (IRA). The domestic content bonus tax credit is only available to commercial asset owners, which includes commercial businesses adding solar and PPA/lease provider
FREMONT, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced a safe harbor agreement with IGS Solar, a top solar finance company, to help expand deployments of Enphase's IQ8™ Microinverters supplied from manufacturing facilities in the United States. Enphase IQ8HC™ Microinverters that have SKUs with a "DOM" suffix, paired with other U.S.-made solar equipment, enable IGS Solar-financed leases to qualify for the domestic content bonus tax credit under the Inflation Reduction Act (IRA). "Safe harboring" is a mechanism that enables
FREMONT, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today a new do-it-yourself (DIY) permit plan feature on Solargraf®, its cloud-based design, proposal, and permitting software platform for solar installers in the United States. The DIY permitting feature uses artificial intelligence and machine learning to automate the complex solar and battery permitting process, which can help reduce the time required to produce full permit plans by up to 95%. Watch a video detailing this new feature here. Navigating the solar permitting pro
FREMONT, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced the launch of its most powerful Enphase® Energy System to-date, featuring the new IQ® Battery 5P and IQ8™ Microinverters, for customers in Romania. The new Enphase Energy System with the IQ Battery 5P offers a significantly improved experience for homeowners and installers. It enables configurations ranging from 5 to 60 kWh with more power, resilient wired communication, and an improved commissioning experience. Homeowners can also use the Enphase® App to monitor perfor
FREMONT, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the third quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $380.9 million in the third quarter of 2024, along with 48.1% for non-GAAP gross margin. We shipped 1,731,768 microinverters, or approximately 730.0 megawatts DC, and 172.9 megawatt hours of IQ® Batteries. Financial highlights for the third quarter of 2024 are listed below: Quarterly revenue
FREMONT, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced that it has started shipping IQ8™ Microinverters to support newer, high-powered solar panels in select countries and territories, including the Netherlands, Austria, Malta, and New Caledonia. Enphase is entering the solar markets for Malta and New Caledonia for the first time with this launch. In Malta, Enphase introduced three microinverters – IQ8MC™, IQ8AC™, and IQ8HC™ – featuring a peak output power of 330 W, 366 W, and 384 W, respectively. In New Caledonia, Enphase in
FREMONT, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it is expanding its support for grid services programs – or virtual power plants (VPPs) – in New Hampshire, North Carolina, and California, powered by the new IQ® Battery 5P. Grid services programs are managed by regional utilities and use energy stored in home batteries to help power communities when it is needed most, like during periods of peak electricity demand. This reduces reliance on costly and polluting power plants for electricity and, in return, provides i
FREMONT, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it will host a conference call and webcast on Tuesday, Oct. 22, 2024 at 4:30 p.m. Eastern Time to discuss its third quarter 2024 financial results for the period ended Sept. 30, 2024. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call. What:Enphase Energy's Third Quarter 2024 Financial Results Earnings Conference
FREMONT, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today the launch of its IQ8X™ Microinverters in Australia. Enphase is also pleased to announce that all IQ8 Microinverters activated starting Oct. 1, 2024 in Australia come with an industry-leading 25-year limited warranty, the longest standard residential warranty in the Australian market. IQ8X Microinverters feature a peak output AC power of 384 W, designed to support higher-powered solar modules up to 505 W DC. The microinverters can support modules with higher cell counts,
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FREMONT, Calif., June 26, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced the appointment of Joseph Malchow, founding partner at HNVR Technology Investment Management and board member at Enphase Energy, Inc., and Bernard Gutmann, a 40-year semiconductor industry veteran and former CFO at On Semiconductor, to its Board of Directors (the "Board") effective June 22, 2023. These appointments expand the Board to eight directors, six of whom are independent. "I am committed to the operational success of Enovix and the addition of Joe and Bernard enhances our Board's skillset and demonstrates our commitment to drive long-
FREMONT, Calif., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, today announced that Allison Johnson has been named Chief Marketing Officer. Johnson will be responsible for all global marketing activities and will report directly to Badri Kothandaraman, president and CEO of Enphase. “I am pleased to welcome Allison to our management team,” said Badri Kothandaraman, president and CEO of Enphase Energy. “As a recognized marketing leader, Allison’s experience building some of the world’s most valuable brands is key as we look to accelerate
HSBC Securities downgraded Enphase Energy from Buy to Hold and set a new price target of $81.00
Exane BNP Paribas downgraded Enphase Energy from Outperform to Neutral and set a new price target of $88.00
Jefferies downgraded Enphase Energy from Hold to Underperform and set a new price target of $61.00 from $93.00 previously
Canaccord Genuity downgraded Enphase Energy from Buy to Hold
Janney downgraded Enphase Energy from Buy to Neutral
TD Cowen reiterated coverage of Enphase Energy with a rating of Buy and set a new price target of $120.00 from $130.00 previously
Guggenheim downgraded Enphase Energy from Neutral to Sell and set a new price target of $73.00
Guggenheim upgraded Enphase Energy from Sell to Neutral
Susquehanna downgraded Enphase Energy from Positive to Neutral and set a new price target of $104.00 from $147.00 previously
RBC Capital Mkts downgraded Enphase Energy from Outperform to Sector Perform and set a new price target of $100.00 from $125.00 previously
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Barclays analyst Christine Cho maintains Enphase Energy (NASDAQ:ENPH) with a Overweight and lowers the price target from $131 to $129.
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
RBC Capital analyst Chris Dendrinos maintains Enphase Energy (NASDAQ:ENPH) with a Outperform and lowers the price target from $130 to $125.
Roth MKM analyst Philip Shen reiterates Enphase Energy (NASDAQ:ENPH) with a Buy and maintains $140 price target.
U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s
Enphase Energy Inc (NASDAQ:ENPH) shares are trading higher Wednesday on the heels of the company’s second-quarter financial results. Multiple analysts adjusted price targets on the stock following the print. Q2 Revenue: $303.46 million, versus estimates of $309.67 million Q2 EPS: 43 cents, versus estimates of 48 cents U.S. revenue increased approximately 32% on a quarter-over-quarter basis, while revenues in Europe remained flat during the quarter. Enphase noted its global channel inventory returned to normal levels as the company exited the second quarter. Gross margin came in at 47.1%. Enphase said it generated $117.4 million in free cash flow during the quarter. The compa
Craig-Hallum analyst Eric Stine maintains Enphase Energy (NASDAQ:ENPH) with a Buy and raises the price target from $147 to $153.
BMO Capital analyst Ameet Thakkar maintains Enphase Energy (NASDAQ:ENPH) with a Market Perform and raises the price target from $110 to $115.
Canaccord Genuity analyst Austin Moeller maintains Enphase Energy (NASDAQ:ENPH) with a Buy and lowers the price target from $150 to $140.
Piper Sandler analyst Kashy Harrison maintains Enphase Energy (NASDAQ:ENPH) with a Neutral and lowers the price target from $120 to $115.
FREMONT, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the third quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $380.9 million in the third quarter of 2024, along with 48.1% for non-GAAP gross margin. We shipped 1,731,768 microinverters, or approximately 730.0 megawatts DC, and 172.9 megawatt hours of IQ® Batteries. Financial highlights for the third quarter of 2024 are listed below: Quarterly revenue
FREMONT, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it will host a conference call and webcast on Tuesday, Oct. 22, 2024 at 4:30 p.m. Eastern Time to discuss its third quarter 2024 financial results for the period ended Sept. 30, 2024. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call. What:Enphase Energy's Third Quarter 2024 Financial Results Earnings Conference
FREMONT, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the second quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $303.5 million in the second quarter of 2024, along with 47.1% for non-GAAP gross margin. We shipped 1,402,602 microinverters, or approximately 608.3 megawatts DC, and 120.2 megawatt hours of IQ® Batteries. Financial highlights for the second quarter of 2024 are listed below: Quarterly revenue of $303.5 mill
FREMONT, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it will host a conference call and webcast on Tuesday, July 23, 2024 at 4:30 p.m. Eastern Time to discuss its second quarter 2024 financial results for the period ended June 30, 2024. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call. What:Enphase Energy's Second Quarter 2024 Financial Results Earnings Conferenc
FREMONT, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the first quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $263.3 million in the first quarter of 2024, along with 46.2% for non-GAAP gross margin. We shipped 1,382,195 microinverters, or approximately 603.6 megawatts DC, and 75.5 megawatt hours of IQ® Batteries. Financial highlights for the first quarter of 2024 are listed below: Quarterly revenue of $263.3 m
FREMONT, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it will host a conference call and webcast on Tuesday, April 23, 2024 at 4:30 p.m. Eastern Time to discuss its first quarter 2024 financial results for the period ended March 31, 2024. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call. What: Enphase Energy's First Quarter 2024 Financial Results Earnings Conf
FREMONT, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the fourth quarter of 2023, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $302.6 million in the fourth quarter of 2023, along with 50.3% for non-GAAP gross margin. We shipped 1,595,677 microinverters, or approximately 660.1 megawatts DC, and 80.7 megawatt hours of IQ® Batteries. Financial highlights for the fourth quarter of 2023 are listed below: Quarterly revenue of
FREMONT, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it will host a conference call and webcast on Tuesday, Feb. 6, 2024 at 4:30 p.m. Eastern Time to discuss its fourth quarter and full year 2023 financial results for the period ended Dec. 31, 2023. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call. What:Enphase Energy's Fourth Quarter and Full Year 2023 Financial
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (NASDAQ:NDX), which will become effective prior to market open on Monday, December 18, 2023. The following six companies will be added to the Index: CDW Corporation (NASDAQ:CDW), Coca-Cola Europacific Partners plc (NASDAQ:CCEP), DoorDash, Inc. (NASDAQ:DASH), MongoDB, Inc. (NASDAQ:MDB), Roper Technologies, Inc. (NASDAQ:ROP), and Splunk Inc. (NASDAQ:SPLK). The Nasdaq-100 Index® is composed of 100 of the largest non-financial companies listed on The Nasdaq Stock Market® and dates to January 1985 when it was launched along with the Nasdaq Fina
FREMONT, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the third quarter of 2023, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $551.1 million in the third quarter of 2023, along with 48.4% for non-GAAP gross margin. We shipped 3,905,239 microinverters, or approximately 1,585.6 megawatts DC, and 86.2 megawatt hours of IQ™ Batteries. Financial highlights for the third quarter of 2023 are listed below: Quarterly revenue of $551.1 millio
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