ENPH stock: buy or sell?
January 17th, 2020
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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Enphase Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Enphase Energy stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we collected 14 ratings published for ENPH stock in the last 30 days. The general sentiment of these ratings is bullish for ENPH stock, with 10 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-16||JPMorgan Chase & Co.||n/a||Overweight|
|2019-3-25||Credit Suisse Group||n/a||Neutral|
|2019-3-19||Raymond James||Market Perform||Underperform|
ENPH stock analysis
Shares of Enphase Energy escalated a remarkable 2.17% and closed at $31.50.
On August, ENPH hit new all time highs, pushing higher previous ATH of $67.41 recorded by mid June 2018. New ATHs are usual entry points for many trading setups as there aren't higher resistences. Enphase Energy shares escalated 2.17% to $31.50 yesterday. Since November when ENPH stock price broke up the SMA200d line, it gained $13.38 (73.84%). ENPH shows a short term strength with several rising tops and rising bottoms. In the very short term, on Wednesday it marked a new bottom at $29.16 that should act a support if Enphase Energy starts a trading flat base in the range of $29.16 - $32.37 If Enphase Energy breakouts over $32.37 with average or higher volume, this would be a signal that the uptrend resumes. Since yesterday when SMA50d and SMA100d crossed up, ENPH price gained $0.67 per share (2.17%).
Shares of Enphase Energy closed this week at $31.50 and rose a nice 2.71%. Counting this, it's been 5 green weeks in a row, gaining $6.88 or 28.54%. Late December 2019 ENPH climbed a dazzling 8.64% in just one week.
Far behind is the all-time high Enphase Energy marked late August 2019 and since then the price is -11.07% below that top. Since SMA20d and SMA40w crossed up by mid February 2019, ENPH price climbed $24.06 per share (323.39%). Since mid December 2019 when ENPH stock price broke up the SMA20w line, it gained $6.88 (27.94%).
ENPH stock price history
ENPH stock went public on March 30th, 2012 with a price of $7.501. Since then, ENPH stock surged a 320.00%, with a yearly average of 45.70%. If you had invested right after ENPH's IPO a $1,000 in ENPH stock in 2012, it would worth $3,200.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ENPH stock historical price chart
ENPH stock reached all-time highs on August with a price of $35.42.
ENPH stock price target is $33.50Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 12 price predictions for Enphase Energy stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-16||JPMorgan Chase & Co.||Initiates||n/a||$32.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on February, Enphase Energy . As soon as we get its actual EPS from the earnings report, we will extend this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a superb growth of 10.48% to $316.16 M USD. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) climbed a 12.11% to -3.68%.
|2013||$233 M||-||$-25.91 M-11.1%||-|
|2014||$344 M||47.69%||$-8.05 M-2.3%||-68.92%|
|2015||$357 M||3.88%||$-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||$316 M||10.48%||$-11.63 M-3.7%||-74.27%|
Quarterly financial resultsEnphase Energy posted $92.29 million in revenues for 2018-Q4, a 18.32% up compared to previous quarter. Reported quarter income marked $0.71 M with a profit margin of 0.77%. Profit margin rose 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 amazing gain and rocketed a 15.83%. Looking back to recent quarterly results, Enphase Energy posted 3 positive quarters in a row.
|2017-Q2||$75 M||-||$-12.09 M-16.2%||-|
|2017-Q3||$77 M||3.13%||$-6.85 M-8.9%||-43.31%|
|2017-Q4||$80 M||3.42%||$-2.94 M-3.7%||-57.11%|
|2018-Q1||$70 M||-12.18%||$-5.13 M-7.3%||74.42%|
|2018-Q2||$76 M||8.47%||$-3.74 M-4.9%||-27.11%|
|2018-Q3||$78 M||2.77%||$-3.47 M-4.4%||-7.17%|
|2018-Q4||$92 M||18.32%||$0.71 M0.8%||-120.43%|
|2019-Q1||$100 M||8.52%||$2.77 M2.8%||289.99%|
Enphase Energy ownershipWhen you are planning to invest in a company, it's worth to check its ownership structure.
Enphase Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 21.93% of all shares.
In case of Enphase Energy stock, 50.71% 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.
The following table compares ownership indicators for other stocks related to Enphase Energy:
|Market cap||$3.9 B||$50.9 B||$5.6 B||$1.5 B|
|Total shares||122.4 M||2,130.0 M||105.4 M||167.9 M|
|Float shares||89.0 M||1,780.0 M||75.9 M||74.6 M|
|- Institutional holdings (%)||50.7%||4.7%||66.5%||33.5%|
|- Insider holdings (%)||21.9%||0.0%||27.9%||47.7%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
|Friday, January 17th, 2020|
|Day range||$30.73 - $31.85|
|Average true range||$1.58|
|50d mov avg||$24.47|
|100d mov avg||$24.44|
|200d mov avg||$21.50|
Enphase Energy performanceTo measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Enphase Energy performance to ABB, First Solar and SunPower: