Enphase Energy stock: buy or sell?

ENPH stock price: $136.02 1.18% At close on Nov 24th, 2020

Updated on:
Nov 24th, 2020

2

Enphase Energy stock brief

  • After hitting all-time highs on Tuesday, Enphase Energy closed at $136.02 inching a 1.18%
  • It's been 4 consecutive sessions in green for Enphase Energy, gaining a 5.53%
  • 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.

Should I buy Enphase Energy stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ENPH stock a buy?

In the current situation of Enphase Energy there is not any eligible buy setup. This doesn't mean $ENPH will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Enphase Energy stock?

Do you know when is it time to sell Enphase Energy?. Just as when we have to buy shares, choosing when is appropiate to sell is not a fickle decision, and we must follow our own trading style. Our trading system selects very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups are not intended for selling short $ENPH stock

As a golden rule, you must never hold an investment that shows a greater losses than those expected by the time of the buy. The timing to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Enphase Energy stock?

In the current situation of Enphase Energy there is not any eligible sell setup, so Enphase Energy stock holders with operations in green can keep their positions

Enphase Energy ratings

In the last 30 days, 12 brokerage ratings were published for Enphase Energy. General sentiment is bullish, with 7 out of 12 publishing optimistic outlooks

Enphase Energy analysts' ratings - Last 30 days
Brokerage firmRating
Oct 26th, 2020
Credit Suisse Group Neutral
Roth Capital Strong buy
Oct 27th, 2020
B. Riley Neutral
Oct 28th, 2020
Barclays Buy
Craig Hallum Strong buyNeutral
HC Wainwright Strong buyNeutral
Needham & Company LLC Strong buy
Northland Securities Buy
Oppenheimer Buy
Nov 9th, 2020
The Goldman Sachs Group Neutral
Nov 16th, 2020
Bank of America Strong buy
Barclays Buy

Enphase Energy stock analysis

Enphase Energy shares started an uptrend in November 2019, and gained an amazing 691.73%. During this uptrend, the price gave some buy points on the breakouts. Latest low was in mid-October, when price bounced at $92.14. On November 16, Enphase Energy broke out above its last top ($118.94) giving a good buy point that resulted in a 14.36% gain

$ENPH at new All-time Highs

On Tuesday, Enphase Energy hit all-time highs (ATH) again at $138.70. It's the 3rd time in the last 10 sessions, marking an important rally

SMAs overview

ENPH stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistances.

The current supports are:

  • S1: $118.94 (-12.56% below)
  • S2: $92.14 (-32.26% below)
  • S3: $80.47 (-40.84% below)
  • Bollinger bands

    The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    ENPH stock Bollinger Bands chart

    Relative strength index

    Relative Strength Indicator crossed over the 70 level Tuesday, marking a value of 71.33. Climbing above the level of 70 is not a bearish signal, as stocks can be above 70 for many weeks and continue to rise

    ENPH stock RSI chart

    Enphase Energy stock price history

    Enphase Energy started trading on Mar 30th, 2012 priced at $7.50 per share1. Since then, ENPH stock has risen by 1,713.60%, with an average of 214.20% per year. If you had invested $1,000USD in Enphase Energy stock on Mar 2012, it would have a value of $18,136.00 today.

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

    ENPH stock price history chart

    Price target for Enphase Energy stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and many times. If you are a small trader you shouldn't buy or sell based on these projections.

    The average price target for Enphase Energy stock calculated from the table below is $115.36. Enphase Energy closed at $136.02 on Tuesday, that is a 17.91% more than the forecasted price.

    Enphase Energy stock price predictions
    Brokerage firmPrice target
    Oct 26th, 2020
    Credit Suisse Group $60.00$89.00
    Roth Capital $90.00$120.00
    Oct 27th, 2020
    B. Riley $71.00$95.00
    Oct 28th, 2020
    Barclays $90.00$127.00
    Craig Hallum $85.00$105.00
    HC Wainwright Not available
    Needham & Company LLC $77.00$118.00
    Northland Securities $64.00$99.00
    Oppenheimer $77.00$116.00
    Nov 9th, 2020
    The Goldman Sachs Group $120.00$127.00
    Nov 16th, 2020
    Bank of America $116.00$131.00
    Barclays $127.00$142.00

    Earnings and financials

    In late October, Enphase Energy, Inc. ($ENPH) reported EPS for fiscal 3rd-quarter that strongly improved Market expectations. Quarterly EPS was $0.30 per share from an estimated $0.24. This Q3 report represents an earnings surprise of 25.00%. Predicted turnover for Q3 was $168.6 million but Enphase Energy slightly enhanced by 5.88%, posting $178.5 million.

    This compares to Earnings of $0.30 per share same quarter last year, so posted EPS means 0.00%. Revenue just changed on an annualized basis in the fiscal 3rd-quarter, from $1.8B to $1.8B last quarter.

    Enphase Energy ($ENPH) is posting earnings report next February. Wall Street analysts expect an earnings a share of $0.42, that is a 40.00% higher than previous quarter.

    Enphase Energy competitors

    Enphase Energy is part of the Solar industry, where it has 9 industry peers.

    The following are some of Enphase Energy most relevant competitors:

    Enphase Energy competitors
    CompanyMarket capRatingBullish ratings1
    Enphase Energy ($ENPH) $16.4B Buy 7
    SolarEdge ($SEDG) $13.1B Neutral 2
    Sunrun ($RUN) $10.7B Buy 4
    First Solar ($FSLR) $8.6B Buy 4
    SunPower ($SPWR) $3.2B Neutral 2

    1 In the last 30 days.

    Enphase Energy performance

    To better understand Enphase Energy stock performance you must compare its gains with other related stocks in same sector or industry.. For Enphase Energy, the benchmark is made against SolarEdge, Sunrun, First Solar and SunPower.

    ENPH performance compared
    Company1m3m6m
    Enphase Energy ($ENPH) 31.60% 77.80% 144.00%
    SolarEdge ($SEDG) -4.10% 24.10% 94.60%
    Sunrun ($RUN) 15.40% 24.30% 275.20%
    First Solar ($FSLR) 5.20% 11.10% 86.90%
    SunPower ($SPWR) 35.50% 149.80% 359.70%

    Please read:
    The opinions written in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the individual scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for educative motives only

    Enphase Energy summary

    Tuesday, November 24th, 2020
    Open$135.33
    Close$136.02
    Day range$130.99 - $138.7
    Previous close$134.43
    Session gain1.18%
    Average true range$10.53
    50d mov avg$101.89
    100d mov avg$84.09
    200d mov avg$64.86
    Earnings dateFebruary 16th, 2021

    Frequently asked questions

    What is Enphase Energy stock symbol?

    Enphase Energy, Inc. is a public company trading in the US stock market with the ENPH symbol

    Is Enphase Energy stock a buy or sell?

    Enphase Energy received 12 ratings in the last 30 days: 7 bullish, 0 bearish and 5 neutral.

    Will ENPH go up?

    Enphase Energy had different price predictions issued by analysts in the last 30 days forecasting the target price to $115.36. That is a 15.19% lower than the current price ($136.02).