
Enphase Energy (ENPH) Stock Forecast & Price Target
Enphase Energy (ENPH) Analyst Ratings
Bulls say
Enphase Energy's positive outlook is bolstered by robust performance in the U.S. residential solar market, which may exceed expectations and drive financial growth. The company's microinverter technology and fully integrated solar-plus-storage solution position it favorably to capitalize on increased demand and higher margins in California and other key regions. Additionally, the anticipated easing of market interest rates could further stimulate growth in the solar sector, enhancing Enphase's competitive standing amidst ongoing market uncertainties.
Bears say
Enphase Energy's stock has seen a significant decline of 54% since reaching a high of $136 in February of the previous year, contrasting sharply with the S&P 500's 21% rise in the same period, which has raised questions about its current valuation. Projections indicate a steep drop in EBITDA from $771.9 million in 2023 to $377.7 million in 2024, casting doubt on the sustainability of the company's earnings and growth expectations. Additionally, declining shipment numbers for both string and microinverter orders, along with potential price cuts to boost sales, suggest that the company's growth prospects beyond 2026 may be significantly lower than market predictions, further supporting a negative outlook.
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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