Enphase Energy (NASDAQ:ENPH) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Enphase Energy (NASDAQ:ENPH) issued its earnings results on Tuesday. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15), Zacks reports. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy updated its Q1 2025 guidance to EPS.

Enphase Energy Trading Up 3.7 %

ENPH opened at $66.25 on Wednesday. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 150.57, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. Enphase Energy has a 52 week low of $58.33 and a 52 week high of $141.63. The business’s 50 day moving average is $69.02 and its two-hundred day moving average is $89.11. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Oppenheimer dropped their target price on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Piper Sandler decreased their target price on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, November 22nd. Evercore ISI cut their price target on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.42.

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.