What Enphase Energy Investors Need to Know

Shares of Technology sector company Enphase Energy moved 6.9% today, and are now trading at a price of $209.47. The large-cap stock's daily volume was 1,853,666 compared to its average volume of 4,107,911. The S&P 500 index returned a 1.0% performance.

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 is based in Fremont and has 2,821 full time employees. Its market capitalization is $28,689,430,528.

34 analysts are following Enphase Energy and have set target prices ranging from $210.0 to $365.0 per share. On average, they have given the company a rating of buy. At today's prices, ENPH is trading -28.28% away from its average analyst target price of $292.06 per share.

Over the last year, ENPH's share price has increased by 2.9%, which represents a difference of 10.0% when compared to the S&P 500. The stock's 52 week high is $339.92 per share whereas its 52 week low is $128.67. With an average free cash flow of $329,487,250.0 that have been growing at an average rate of 54.0% over the last four years, Enphase Energy is in a position to continue its strong stock performance trend.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) FreeCashFlow ($ k) YoY Growth (%)
2022-12-31 744,817 -46,443 698,374 133.16
2021-12-31 352,028 -52,508 299,520 52.99
2020-12-31 216,334 -20,558 195,776 57.53
2019-12-31 139,067 -14,788 124,279 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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