Enphase Energy, Inc. (ENPH)

Enphase Energy Stock Forecast

Stock Price Forecast

The 29 analysts with 12-month price forecasts for Enphase Energy stock have an average target of 102.86, with a low estimate of 45.82 and a high estimate of 147. The average target predicts an increase of 64.84% from the current stock price of 62.40.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$45.82	$102.86	$110	$147
Change	-26.57%	+64.84%	+76.28%	+135.58%

Analyst Ratings

The average analyst rating for Enphase Energy stock from 31 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	9	9	9	9	8	7
Buy	8	8	7	7	7	7
Hold	13	12	12	12	13	13
Sell	1	1	1	1	1	2
Strong Sell	2	2	2	2	2	2
Total	33	32	31	31	31	31

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Percoco Morgan Stanley	Morgan Stanley	Hold Maintains $93 → $74	Hold	Maintains	$93 → $74	+18.59%	Nov 15, 2024
Austin Moeller Canaccord Genuity	Canaccord Genuity	Hold Maintains $95 → $76	Hold	Maintains	$95 → $76	+21.79%	Nov 12, 2024
Daniel Yang HSBC	HSBC	Strong Buy → Hold Downgrades $154 → $81	Strong Buy → Hold	Downgrades	$154 → $81	+29.81%	Nov 8, 2024
Sean Milligan Jefferies	Jefferies	Hold → Sell Downgrades $93 → $61	Hold → Sell	Downgrades	$93 → $61	-2.24%	Nov 7, 2024
Julien Dumoulin-Smith B of A Securities	B of A Securities	Sell Maintains $72 → $62	Sell	Maintains	$72 → $62	-0.64%	Nov 7, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.36B

Decreased by -40.63%

from 2.29B

Revenue Next Year

1.79B

Increased by 31.47%

from 1.36B

EPS This Year

2.15

Decreased by -30.07%

from 3.08

EPS Next Year

3.77

Increased by 74.85%

from 2.15

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	624.33M	774.43M	1.38B	2.33B	2.29B	1.36B	1.79B	2.14B
Revenue Growth	97.47%	24.04%	78.46%	68.65%	-1.72%	-40.63%	31.47%	19.41%
EPS	1.23	0.95	1.02	2.77	3.08	2.15	3.77	5.04
EPS Growth	-	-23.29%	7.81%	171.79%	11.23%	-30.07%	74.85%	33.85%
Forward PE	-	-	-	-	-	28.96	16.56	12.37
No. Analysts	-	-	-	-	-	42	42	29

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.5B	2.4B	2.8B
Avg	1.4B	1.8B	2.1B
Low	1.3B	1.5B	1.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-34.2%	79.7%	57.7%
Avg	-40.6%	31.5%	19.4%
Low	-44.0%	6.9%	-12.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.01	5.22	6.86
Avg	2.15	3.77	5.04
Low	0.66	2.02	3.55

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-2.2%	142.4%	82.0%
Avg	-30.1%	74.8%	33.9%
Low	-78.7%	-6.3%	-5.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.