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 that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories; IQ Battery and related accessories; IQ Gateway and IQ Energy Router; cloud-based Enlighten monitoring service; and electric vehicle charging solutions, as well as design, proposal, permitting, and lead generation services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.
Market Headwinds | Enphase faces challenges in Europe with a 34% quarter-over-quarter decrease in sell-through, impacting revenue projections and stock performance |
Strategic Shifts | Explore Enphase's move towards U.S.-based manufacturing to capitalize on tax credits and boost domestic market share in solar energy solutions |
Financial Resilience | Delve into Enphase's strong cash position of $1.7 billion and impressive free cash flow generation, despite recent earnings misses |
Future Outlook | Analyst price targets range from $70 to $129, reflecting mixed views on Enphase's ability to navigate policy uncertainties and competitive pressures |
Metrics to compare | ENPH | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipENPHPeersSector | |
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P/E Ratio | 82.0x | −0.5x | 11.8x | |
PEG Ratio | −1.08 | −0.01 | 0.01 | |
Price/Book | 10.1x | 1.8x | 2.4x | |
Price / LTM Sales | 6.3x | 2.2x | 2.2x | |
Upside (Analyst Target) | 26.1% | 46.9% | 21.5% | |
Fair Value Upside | Unlock | 6.3% | 2.2% | Unlock |