ENPH stock: buy or sell?

ENPH stock price: $33.40 -1.04% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

Enphase Energy decreased -1.04% to $33.40 after reaching all time highs yesterday. On August 16th ENPH climbed an outstanding 7.02%. On August 14th ENPH collapsed a spooky -6.45%.

Enphase Energy, Inc., together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally.

Should I buy ENPH stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

These 2 buy setups work for Enphase Energy stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Enphase Energy stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 11 ratings published for ENPH stock in the last month.

The general sentiment of these ratings is bullish for ENPH stock, with 7 positive ratings.
Is ENPH a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-31HC WainwrightNeutralBuy
2019-7-31Deutsche BankHoldBuy
2019-7-31Craig Hallumn/aBuy
2019-6-26Northland Securitiesn/aBuy
2019-6-20HC WainwrightBuyNeutral
2019-6-12B. RileyBuyBuy
2019-6-12B. Rileyn/aBuy
2019-3-25Credit Suisse Groupn/aNeutral
2019-3-19Raymond JamesMarket PerformUnderperform
2019-2-28HC WainwrightBuyBuy
2019-2-21CowenOutperformIn-Line

ENPH stock analysis

Daily outlook

Enphase Energy decreased -1.04% to $33.40 after yesterday all time highs.

Enphase Energy decreased -1.04% to $33.40 after topping to all time highs yesterday. From a daily perspective, ENPH is in a short term uptrend after plotting its last bottom ($29.21, on August 14th) higher than the previous bottom, and its last top ($35.11, yesterday) also over the previous top. Now trading in between its last bottom and last top ENPH might consolidate in a plain range, waiting to break out over $35.11 or down under $29.21. Yesterday, ENPH hit new all time highs, pushing higher previous ATH of $35.09 recorded on Aug 21st. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

ENPH stock chart (daily)

Weekly outlook

Shares of Enphase Energy ended this week at $33.40 after marking a new all time high ($35.11) and rose a cool 4.28%. Early August ENPH climbed a super good 8.57% in just one week. For 4 weeks in a row, price climbed and marked a profit of 60.55%.

Enphase Energy stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. By mid February, SMA20w and SMA40w crossed up triggering a rise of 348.92%. Since price and SMA40w lines crossed up early January, ENPH climbed $28.32 (557.48%).

ENPH stock chart (weekly)

ENPH stock price history

ENPH stock went public on March 30th, 2012 with a price of $7.501. Since then, ENPH stock grew a 345.30%, with an average of 49.30% per year. If you had invested $1,000 in ENPH stock in 2012, it would worth $3,453.00 today.

1: Adjusted price after possible price splits or reverse-splits.

ENPH stock historical price chart

ENPH stock reached all-time highs yesterday with a price of $35.11.

ENPH stock price target is $32.20

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' ENPH stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 9 price targets for Enphase Energy stock:
ENPH stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-31HC WainwrightUpgradesn/a$36.00-
2019-7-31Deutsche BankUpgrades$100.00$120.0020%
2019-7-31Craig HallumReiterates$25.00$31.0024%
2019-6-26Northland SecuritiesReiteratesn/a$24.00-
2019-6-20HC WainwrightDowngradesn/a$16.00-
2019-6-12B. RileyReiteratesn/a$21.00-
2019-6-12B. RileyInitiatesn/a$21.00-
2019-2-28HC WainwrightReiterates$9.00$12.0033.3%
2019-2-21CowenReiterates$6.75$8.5025.9%
(in average)$35.20$32.20-9.0%
Moving in a range from $120.00 and $8.50, the price target for Enphase Energy stock is $32.20. In average, analysts' outlook on ENPH price target is negative, downsizing the forecast by a -9.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last February, when Enphase Energy presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
ENPH earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a-0.12n/a
2017-Q3-n/a-0.05n/a
2017-Q42018-02-27-0.05-0.03n/a
2018-Q12018-05-01-0.06-0.06n/a
2018-Q22018-07-31-0.01-0.04n/a
2018-Q32018-11-06-0.01-0.03n/a
2018-Q42019-02-26-0.020.01n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Enphase Energy annual sales climbed a wonderful 10.48% to $316.16 million dollars from $286.17 marked in 2017. When comparing 2018 vs 2017, similarly, profit margin (that is, the net income divided by revenues) rocketed a 12.11% to -3.68%.

ENPH annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$233 M-$-25.91 M-11.1%-
2014$344 M47.69%$-8.05 M-2.3%-68.92%
2015$357 M3.88%$-22.08 M-6.2%174.24%
2016$323 M-9.70%$-67.46 M-20.9%205.51%
2017$286 M-11.29%$-45.19 M-15.8%-33.01%
2018$316 M10.48%$-11.63 M-3.7%-74.27%

Quarterly financial results

Enphase Energy posted $92.29 million in revenues for 2018-Q4, a 18.32% improvement compared to previous quarter. Reported quarter income marked $0.71 million with a profit margin of 0.77%. Profit margin escalated a 5.22% compared to previous quarter when profit margin was -4.45%. When comparing sales to same quarter last year, Enphase Energy sales marked an extraordinary gain and boosted a 15.83%. Looking back to recent quarterly results, Enphase Energy posted 3 positive quarters in a row.
ENPH quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$75 M-$-12.09 M-16.2%-
2017-Q3$77 M3.13%$-6.85 M-8.9%-43.31%
2017-Q4$80 M3.42%$-2.94 M-3.7%-57.11%
2018-Q1$70 M-12.18%$-5.13 M-7.3%74.42%
2018-Q2$76 M8.47%$-3.74 M-4.9%-27.11%
2018-Q3$78 M2.77%$-3.47 M-4.4%-7.17%
2018-Q4$92 M18.32%$0.71 M0.8%-120.43%
2019-Q1$100 M8.52%$2.77 M2.8%289.99%

Enphase Energy ownership

When you are planning to invest in shares of a stock, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Enphase Energy, 28.44% of all outstanding shares are owned by its staff.

In case of Enphase Energy stock, 48.13% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ENPH stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related companies:

ENPHABBFSLRSPWR
Market cap$3.7 B$39.7 B$6.4 B$1.9 B
Total shares110.2 M2,130.0 M105.4 M142.4 M
Float shares91.9 M1,780.0 M75.7 M62.7 M
  - Institutional holdings (%)48.1%4.5%63.9%31.2%
  - Insider holdings (%)28.4%0.0%28.2%56.2%
Shares in short selling0.0%0.0%0.0%0.0%

ENPH summary

Friday, August 23rd, 2019
Open$33.34
Close$33.40
Day range$33.17 - $34.48
Previous close$33.75
Session gain-1.04%
Average true range$1.96
50d mov avg$23.57
100d mov avg$18.31
200d mov avg$12.56
Daily patternlt06a
Weekly pattern lt06a

Enphase Energy performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose ABB, First Solar and SunPower as the bechmarking frame for Enphase Energy stock.
Stock3m6m12m
ENPHEnphase Energy117.45%329.31%580.24%
ABB -1.01%-4.61%-17.27%
FSLRFirst Solar6.25%13.33%16.92%
SPWRSunPower70.69%103.06%95.58%

Enphase Energy competitors

One check before trading any stock is to have a look a list of its competitors, in this case for Enphase Energy. We picked 3 companies as Enphase Energy competitors as they are in the same industry or have similar market objectives.