For the second quarter, the company anticipates a gross margin range between 44% and 47%. Operating expenses are projected to be between $78 million and $82 million, indicating controlled cost management during this period.
Looking at revenue forecasts, the firm expects to achieve between $340 million and $380 million, which includes the significant shipment of 160 to 180 megawatt-hours (MWh) of IQ Batteries. Additionally, approximately $40 million is attributed to safe harbor revenue, defined as sales intended for customer installations spread over more than one year.
For the fiscal year 2025, the company projects a tax rate between 15% and 17%. This forecast suggests a stable financial outlook, supported by both operational efficiencies in the short term and favorable tax positioning for the year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 34 analysts, the average target price for Enphase Energy Inc (ENPH, Financial) is $70.69 with a high estimate of $105.00 and a low estimate of $44.00. The average target implies an upside of 32.30% from the current price of $53.43. More detailed estimate data can be found on the Enphase Energy Inc (ENPH) Forecast page.
Based on the consensus recommendation from 40 brokerage firms, Enphase Energy Inc's (ENPH, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Enphase Energy Inc (ENPH, Financial) in one year is $105.13, suggesting a upside of 96.76% from the current price of $53.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Enphase Energy Inc (ENPH) Summary page.
