- Enphase Energy (ENPH, Financial) missed earnings and revenue expectations, impacting investor sentiment.
- Analysts offer mixed forecasts with a potential upside of 32.30% from current levels.
- GuruFocus projects significant upside based on the one-year GF Value estimate.
Enphase Energy (ENPH) recently disclosed its financial results, posting a Non-GAAP earnings per share of $0.68, which unfortunately fell short of analysts' estimates by $0.04. The company's revenue came in at $356.08 million, missing projections by $4.56 million. This performance has directed attention towards the company's microinverter sales as a critical factor for enhancing future outcomes.
Wall Street Analysts' Projections
According to the price targets set by 34 analysts, Enphase Energy Inc (ENPH, Financial) is projected to reach an average target price of $70.69 over the next year, with expectations ranging from a high of $105.00 to a low of $44.00. This average target represents a notable upside of 32.30% from the current trading price of $53.43. For more comprehensive forecast information, visit the Enphase Energy Inc (ENPH) Forecast page.
Based on consensus from 40 brokerage firms, Enphase Energy Inc (ENPH, Financial) has an average recommendation score of 2.8, suggesting a "Hold" verdict. The rating scale used ranges from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
GuruFocus estimates the one-year GF Value for Enphase Energy Inc (ENPH, Financial) at $105.13, pointing to a potential upside of 96.76% from its current price of $53.43. The GF Value represents GuruFocus' assessment of the stock's fair trading value, calculated through its historical trading multiples, past growth, and future business performance predictions. For additional insights, please refer to the Enphase Energy Inc (ENPH) Summary page.
