
Enphase Energy (ENPH) Stock Forecast & Price Target
Enphase Energy (ENPH) Analyst Ratings
Bulls say
Enphase Energy's positive outlook is supported by better-than-expected performance in the U.S. residential solar market, which could enhance financial performance and drive stock price upside. The company also benefits from lower market interest rates, which may stimulate economic activity, and anticipated growth in global residential solar demand, particularly in high-margin regions like California. Additionally, as a leading competitor in the residential solar sector, Enphase is well-positioned to capitalize on market expansion, despite facing some policy uncertainties in the near term.
Bears say
Enphase Energy's stock has experienced a significant decline of 54% since reaching a peak of $136 in February of the previous year, contrasting notably with a 21% gain in the S&P 500 over the same period, indicating a potential misalignment in market valuation. The consensus projections suggest a sharp decline in EBITDA, falling from $771.9 million in 2023 to an estimated $377.7 million in 2024, raising concerns about the sustainability of current valuations. Additionally, decreasing order volumes for both string and microinverter products in Q4 2024, alongside indications of price reductions to maintain sales momentum, suggest weakened demand and potentially lower earnings revisions, contributing to an overall negative outlook for the company.
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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