Enphase Energy (ENPH) Stock Forecast, Price Target & Predictions
ENPH Stock Forecast
Enphase Energy stock forecast is as follows: an average price target of $216.17 (represents a 73.48% upside from ENPH’s last price of $124.61) and a rating consensus of 'Buy', based on 28 wall street analysts offering a 1-year stock forecast.
ENPH Price Target
The average price target for Enphase Energy (ENPH) is $216.17 based on 1-year price targets from 28 Wall Street analysts in the past 3 months, with a price target range of $350.00 to $111.00. This represents a potential 73.48% upside from ENPH's last price of $124.61.
ENPH Analyst Ratings
According to 28 Wall Street analysts, Enphase Energy's rating consensus is 'Buy'. The analyst rating breakdown for ENPH stock is 0 'Strong Buy' (0.00%), 22 'Buy' (78.57%), 5 'Hold' (17.86%), 1 'Sell' (3.57%), and 0 'Strong Sell' (0.00%).
Enphase Energy Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 10, 2024 | Daniel Yang | HSBC | $166.00 | $129.37 | 28.31% | 33.22% |
| May 31, 2024 | Austin Moeller | Canaccord Genuity | $150.00 | $130.66 | 14.80% | 20.38% |
| May 28, 2024 | Gus Richard | Northland Securities | $150.00 | $125.18 | 19.83% | 20.38% |
| Apr 26, 2024 | Christine Cho | Barclays | $134.00 | $111.93 | 19.72% | 7.54% |
| Apr 24, 2024 | Dushyant Ailani | Jefferies | $111.00 | $106.11 | 4.61% | -10.92% |
| Apr 22, 2024 | Jordan Levy | Truist Financial | $130.00 | $110.51 | 17.64% | 4.33% |
| Feb 07, 2024 | Colin Rusch | Oppenheimer | $133.00 | $117.51 | 13.18% | 6.73% |
| Jan 23, 2024 | Jordan Levy | Truist Financial | $145.00 | $111.30 | 30.28% | 16.36% |
| Jan 08, 2024 | Praneeth Satish | Wells Fargo | $141.00 | $116.00 | 21.55% | 13.15% |
| Nov 21, 2023 | Maheep Mandloi | Mizuho Securities | $131.00 | $98.24 | 33.35% | 5.13% |
The latest Enphase Energy stock forecast, released on Jun 10, 2024 by Daniel Yang from HSBC, set a price target of $166.00, which represents a 28.31% increase from the stock price at the time of the forecast ($129.37), and a 33.22% increase from ENPH last price ($124.61).
Enphase Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 6 | 12 |
| Avg Price Target | $155.33 | $140.17 | $143.67 |
| Last Closing Price | $124.61 | $124.61 | $124.61 |
| Upside/Downside | 24.65% | 12.49% | 15.30% |
In the current month, the average price target of Enphase Energy stock is $155.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 24.65% increase as opposed to Enphase Energy's last price of $124.61. This month's average price target is up 10.82% compared to last quarter, and up 8.12% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jun 10, 2024 | HSBC | - | Buy | Upgrade |
| May 31, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| May 31, 2024 | Susquehanna | Underperform | Underperform | Hold |
| May 31, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| May 22, 2024 | GLJ Research | - | Sell | Initialise |
| Apr 17, 2024 | Susquehanna | Market Perform | Market Perform | Hold |
| Apr 17, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Apr 05, 2024 | Citigroup | Buy | Neutral | Downgrade |
| Feb 08, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Feb 07, 2024 | Oppenheimer | - | Outperform | Upgrade |
Enphase Energy's last stock rating was published by HSBC on Jun 10, 2024. The company Upgrade its ENPH rating from "null" to "Buy".
Enphase Energy Financial Forecast
Enphase Energy Revenue Forecast
| Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $302.57M | - | - | $726.02M | $724.65M | - | - | $441.29M | $412.72M | $351.52M | $316.06M | $301.75M | $264.84M | $178.50M |
| Avg Forecast | $629.56M | $616.38M | $606.56M | $594.11M | $736.39M | $670.39M | $632.00M | $632.19M | $622.81M | $572.06M | $509.83M | $462.74M | $472.74M | $417.09M | $310.62M | $276.25M | $328.31M | $566.05M | $725.82M | $724.45M | $706.76M | $617.49M | $509.46M | $433.62M | $400.18M | $345.08M | $312.42M | $292.45M | $254.48M | $169.69M |
| High Forecast | $649.38M | $635.79M | $625.66M | $612.82M | $759.58M | $691.50M | $651.90M | $652.10M | $642.42M | $590.07M | $525.88M | $477.31M | $487.63M | $430.23M | $320.72M | $284.95M | $348.47M | $588.03M | $748.68M | $747.26M | $729.02M | $636.94M | $525.51M | $534.37M | $493.16M | $425.26M | $385.01M | $360.40M | $313.60M | $209.11M |
| Low Forecast | $602.08M | $589.47M | $580.09M | $568.18M | $704.25M | $641.13M | $604.41M | $604.59M | $595.63M | $547.09M | $487.58M | $442.54M | $452.11M | $398.89M | $297.67M | $264.20M | $318.57M | $549.58M | $694.14M | $692.83M | $675.92M | $590.54M | $487.23M | $368.93M | $340.48M | $293.60M | $265.81M | $248.82M | $216.51M | $144.37M |
| # Analysts | 12 | 20 | 11 | 14 | 11 | 11 | 16 | 11 | 10 | 17 | 10 | 11 | 20 | 11 | 22 | 7 | 15 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 6 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | - | - | 1.00% | 1.03% | - | - | 1.02% | 1.03% | 1.02% | 1.01% | 1.03% | 1.04% | 1.05% |
Enphase Energy's average Quarter revenue forecast for Mar 24 based on 7 analysts is $276.25M, with a low forecast of $264.20M, and a high forecast of $284.95M. ENPH's average Quarter revenue forecast represents a -8.70% decrease compared to the company's last Quarter revenue of $302.57M (Dec 23).
Enphase Energy EBITDA Forecast
| Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 11 | 14 | 11 | 11 | 16 | 11 | 10 | 17 | 10 | 11 | 20 | 11 | 22 | 7 | 15 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 6 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-10.23M | - | - | $198.41M | $183.48M | - | - | $77.84M | $74.20M | $46.65M | $66.45M | $11.22M | $82.61M | $55.60M |
| Avg Forecast | $142.03M | $139.06M | $136.84M | $134.04M | $166.14M | $151.24M | $142.58M | $142.63M | $140.51M | $129.06M | $115.02M | $104.40M | $106.65M | $94.10M | $70.08M | $75.19M | $74.07M | $127.70M | $163.75M | $68.36M | $159.45M | $139.31M | $79.61M | $62.14M | $22.08M | $35.54M | $50.81M | $8.48M | $62.46M | $41.70M |
| High Forecast | $146.51M | $143.44M | $141.15M | $138.26M | $171.37M | $156.01M | $147.07M | $147.12M | $144.94M | $133.12M | $118.64M | $107.69M | $110.01M | $97.06M | $72.36M | $90.23M | $78.62M | $132.66M | $168.91M | $82.03M | $164.47M | $143.70M | $95.53M | $74.57M | $26.50M | $42.65M | $60.98M | $10.17M | $74.95M | $50.04M |
| Low Forecast | $135.83M | $132.99M | $130.87M | $128.19M | $158.89M | $144.64M | $136.36M | $136.40M | $134.38M | $123.43M | $110.00M | $99.84M | $102.00M | $89.99M | $67.16M | $60.15M | $71.87M | $123.99M | $156.60M | $54.69M | $152.49M | $133.23M | $63.69M | $49.71M | $17.67M | $28.43M | $40.65M | $6.78M | $49.97M | $33.36M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.14% | - | - | 2.90% | 1.15% | - | - | 1.25% | 3.36% | 1.31% | 1.31% | 1.32% | 1.32% | 1.33% |
12 analysts predict ENPH's average Quarter EBITDA for Jul 23 to be $163.75M, with a high of $168.91M and a low of $156.60M. This is -17.47% lower than Enphase Energy's previous annual EBITDA (Mar 23) of $198.41M.
Enphase Energy Net Income Forecast
| Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 11 | 14 | 11 | 11 | 16 | 11 | 10 | 17 | 10 | 11 | 20 | 11 | 22 | 7 | 15 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 6 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.92M | - | - | $146.87M | $153.75M | - | - | $51.82M | $52.59M | $21.81M | $39.35M | $31.70M | $72.99M | $39.36M |
| Avg Forecast | $197.16M | $187.75M | $178.02M | $177.66M | $243.79M | $216.73M | $198.60M | $201.45M | $204.60M | $185.71M | $160.21M | $140.88M | $144.29M | $117.43M | $67.44M | $51.47M | $74.34M | $137.04M | $174.23M | $46.79M | $173.08M | $148.70M | $55.90M | $42.54M | $21.94M | $16.62M | $30.09M | $23.95M | $55.19M | $29.52M |
| High Forecast | $205.24M | $195.43M | $185.31M | $184.94M | $253.77M | $225.60M | $206.73M | $209.70M | $212.98M | $193.32M | $166.77M | $146.64M | $150.19M | $122.24M | $79.34M | $61.77M | $110.13M | $198.24M | $181.36M | $56.15M | $180.16M | $154.79M | $67.08M | $51.05M | $26.33M | $19.94M | $36.11M | $28.74M | $66.23M | $35.43M |
| Low Forecast | $185.98M | $177.09M | $167.92M | $167.58M | $229.96M | $204.43M | $187.33M | $190.02M | $192.99M | $175.18M | $151.12M | $132.88M | $136.10M | $110.77M | $59.50M | $41.18M | $57.82M | $114.42M | $164.34M | $37.43M | $163.26M | $140.26M | $44.72M | $34.03M | $17.55M | $13.29M | $24.07M | $19.16M | $44.15M | $23.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.28% | - | - | 3.14% | 0.89% | - | - | 1.22% | 2.40% | 1.31% | 1.31% | 1.32% | 1.32% | 1.33% |
Enphase Energy's average Quarter net income forecast for Mar 24 is $51.47M, with a range of $41.18M to $61.77M. ENPH's average Quarter net income forecast represents a 146.06% increase compared to the company's last Quarter net income of $20.92M (Dec 23).
Enphase Energy SG&A Forecast
| Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 11 | 14 | 11 | 11 | 16 | 11 | 10 | 17 | 10 | 11 | 20 | 11 | 22 | 7 | 15 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 6 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $86.79M | - | - | $100.89M | $102.27M | - | - | $79.43M | $74.03M | $73.60M | $45.69M | $39.74M | $27.02M | $28.17M |
| Avg Forecast | $92.81M | $90.87M | $89.42M | $87.59M | $108.56M | $98.83M | $93.17M | $93.20M | $91.82M | $84.34M | $75.16M | $68.22M | $69.69M | $61.49M | $45.79M | $78.90M | $48.40M | $83.45M | $107.00M | $71.72M | $104.20M | $91.03M | $62.24M | $65.20M | $30.89M | $56.07M | $34.94M | $30.03M | $20.43M | $21.13M |
| High Forecast | $95.74M | $93.73M | $92.24M | $90.35M | $111.98M | $101.95M | $96.11M | $96.14M | $94.71M | $86.99M | $77.53M | $70.37M | $71.89M | $63.43M | $47.28M | $94.68M | $51.37M | $86.69M | $110.37M | $86.07M | $107.48M | $93.90M | $74.69M | $78.24M | $37.07M | $67.29M | $41.93M | $36.04M | $24.52M | $25.35M |
| Low Forecast | $88.76M | $86.90M | $85.52M | $83.77M | $103.83M | $94.52M | $89.11M | $89.13M | $87.81M | $80.66M | $71.88M | $65.24M | $66.65M | $58.81M | $43.88M | $63.12M | $46.97M | $81.02M | $102.33M | $57.38M | $99.65M | $87.06M | $49.80M | $52.16M | $24.71M | $44.86M | $27.95M | $24.02M | $16.35M | $16.90M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.79% | - | - | 1.41% | 0.98% | - | - | 1.22% | 2.40% | 1.31% | 1.31% | 1.32% | 1.32% | 1.33% |
Enphase Energy's average Quarter SG&A projection for Mar 24 is $78.90M, based on 7 Wall Street analysts, with a range of $63.12M to $94.68M. The forecast indicates a -9.09% fall compared to ENPH last annual SG&A of $86.79M (Dec 23).
Enphase Energy EPS Forecast
| Dec 27 | Oct 27 | Jul 27 | Mar 27 | Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 11 | 14 | 11 | 11 | 16 | 11 | 10 | 17 | 10 | 11 | 20 | 11 | 22 | 7 | 15 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 6 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.15 | - | - | $1.07 | $1.13 | - | - | $0.39 | $0.39 | $0.16 | $0.29 | $0.24 | $0.57 | $0.31 |
| Avg Forecast | $1.45 | $1.38 | $1.31 | $1.31 | $1.79 | $1.59 | $1.46 | $1.48 | $1.51 | $1.37 | $1.18 | $1.04 | $1.06 | $0.86 | $0.50 | $0.41 | $0.55 | $1.01 | $1.28 | $1.23 | $1.27 | $1.09 | $0.86 | $0.69 | $0.59 | $0.49 | $0.42 | $0.46 | $0.41 | $0.24 |
| High Forecast | $1.51 | $1.44 | $1.36 | $1.36 | $1.87 | $1.66 | $1.52 | $1.54 | $1.57 | $1.42 | $1.23 | $1.08 | $1.11 | $0.90 | $0.58 | $0.43 | $0.81 | $1.46 | $1.33 | $1.28 | $1.33 | $1.14 | $0.90 | $0.89 | $0.77 | $0.64 | $0.54 | $0.59 | $0.53 | $0.31 |
| Low Forecast | $1.37 | $1.30 | $1.24 | $1.23 | $1.69 | $1.50 | $1.38 | $1.40 | $1.42 | $1.29 | $1.11 | $0.98 | $1.00 | $0.82 | $0.44 | $0.39 | $0.43 | $0.84 | $1.21 | $1.16 | $1.20 | $1.03 | $0.81 | $0.55 | $0.48 | $0.40 | $0.34 | $0.37 | $0.33 | $0.19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.27% | - | - | 0.87% | 0.89% | - | - | 0.57% | 0.66% | 0.33% | 0.70% | 0.53% | 1.39% | 1.31% |
According to 7 Wall Street analysts, Enphase Energy's projected average Quarter EPS for Mar 24 is $0.41, with a low estimate of $0.39 and a high estimate of $0.43. This represents a 173.09% increase compared to ENPH previous annual EPS of $0.15 (Dec 23).
Enphase Energy Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SPWR | SunPower | $2.80 | $17.50 | 525.00% | Hold |
| SEDG | SolarEdge | $39.86 | $232.38 | 482.99% | Buy |
| NOVA | Sunnova Energy | $5.33 | $26.52 | 397.56% | Buy |
| RUN | Sunrun | $13.26 | $41.64 | 214.03% | Buy |
| MAXN | Maxeon Solar | $1.36 | $3.75 | 175.74% | Sell |
| ENPH | Enphase Energy | $124.61 | $216.17 | 73.48% | Buy |
| JKS | JinkoSolar | $23.61 | $38.75 | 64.13% | Hold |
| CSIQ | Canadian Solar | $17.04 | $24.00 | 40.85% | Buy |
| FSLR | First Solar | $273.61 | $221.16 | -19.17% | Buy |
ENPH Forecast FAQ
Is Enphase Energy a good buy?
Yes, according to 28 Wall Street analysts, Enphase Energy (ENPH) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 22 'Buy' recommendations, accounting for 78.57% of ENPH's total ratings.
What is ENPH's price target?
Enphase Energy (ENPH) average price target is $216.17 with a range of $111 to $350, implying a 73.48% from its last price of $124.61. The data is based on 28 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Enphase Energy stock go up soon?
According to Wall Street analysts' prediction for ENPH stock, the company can go up by 73.48% (from the last price of $124.61 to the average price target of $216.17), up by 180.88% based on the highest stock price target, and down by -10.92% based on the lowest stock price target.
Can Enphase Energy stock reach $200?
ENPH's average twelve months analyst stock price target of $216.17 supports the claim that Enphase Energy can reach $200 in the near future.
What is Enphase Energy's current price target trend?
3 Wall Street analysts forecast a $155.33 price target for Enphase Energy (ENPH) this month, up 24.65% from its last price of $124.61. Compared to the last 3 and 12 months, the average price target increased by 12.49% and increased by 15.30%, respectively.
What are Enphase Energy's analysts' financial forecasts?
Enphase Energy's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.67B (high $2.76B, low $2.55B), average EBITDA is $602.59M (high $621.57M, low $576.29M), average net income is $860.56M (high $895.79M, low $811.74M), average SG&A $393.77M (high $406.17M, low $376.58M), and average EPS is $6.33 (high $6.59, low $5.97). ENPH's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.45B (high $2.52B, low $2.34B), average EBITDA is $551.97M (high $569.36M, low $527.88M), average net income is $740.59M (high $770.91M, low $698.57M), average SG&A $360.69M (high $372.05M, low $344.95M), and average EPS is $5.45 (high $5.67, low $5.14).
Did the ENPH's actual financial results beat the analysts' financial forecasts?
Based on Enphase Energy's last annual report (Dec 2023), the company's revenue was $2.29B, which missed the average analysts forecast of $2.34B by -2.30%. Apple's EBITDA was $445.74M, beating the average prediction of $433.88M by 2.73%. The company's net income was $438.94M, beating the average estimation of $432.4M by 1.51%. Apple's SG&A was $369.63M, beating the average forecast of $310.58M by 19.01%. Lastly, the company's EPS was $3.22, missing the average prediction of $4.07 by -20.88%. In terms of the last quarterly report (Dec 2023), Enphase Energy's revenue was $302.57M, missing the average analysts' forecast of $328.31M by -7.84%. The company's EBITDA was $-10.231M, missing the average prediction of $74.07M by -113.81%. Enphase Energy's net income was $20.92M, missing the average estimation of $74.34M by -71.86%. The company's SG&A was $86.79M, beating the average forecast of $48.4M by 79.31%. Lastly, the company's EPS was $0.15, missing the average prediction of $0.547 by -72.58%