Enphase Energy (ENPH) Expected to Announce Quarterly Earnings on Tuesday

Enphase Energy (NASDAQ:ENPH) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Enphase Energy to post earnings of $0.72 per share and revenue of $377.51 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Enphase Energy Stock Up 0.4 %

Shares of NASDAQ ENPH opened at $62.28 on Friday. The stock has a market cap of $8.41 billion, a PE ratio of 141.55, a price-to-earnings-growth ratio of 7.94 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 has a 50-day moving average price of $69.27 and a 200 day moving average price of $89.85. 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 Analyst Weigh In

A number of research analysts have recently issued reports on ENPH shares. BMO Capital Markets dropped their target price on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a report on Monday, October 14th. BNP Paribas cut shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research note on Friday, November 8th. The Goldman Sachs Group reduced their target price on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Truist Financial reiterated a “hold” rating and set a $65.00 price target (down from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $76.00 price objective on shares of Enphase Energy in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.06.

About Enphase Energy

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.