Enphase Energy moved -4.2% this evening session, trading between a high of $84.56 and a low of $76.06 per share. Yesterday the stock finished at $82.09 per share, compared to an average analyst target price of $172.12.
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The large-cap semiconductors company is based in the United States, and over the last twelve months it has returned a dividend yield of None%. Enphase Energy has trailing twelve months earnings per share (EPS) of 3.99, which at today's prices amounts to a price to earnings (P/E) ratio of 19.7.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 0.71. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 2,796,499 | 1,568,169 | 44 | 4.76 |
| 2022 | 2,330,853 | 1,356,258 | 42 | 5.0 |
| 2021 | 1,382,049 | 827,627 | 40 | -11.11 |
| 2020 | 774,425 | 428,444 | 45 | 28.57 |
| 2019 | 624,333 | 403,088 | 35 | 16.67 |
| 2018 | 316,159 | 221,714 | 30 |
Enphase Energy's 39.3% average gross margins are thinner than the 54.23% average of the Semiconductors industry, implying that the firm might be lacking in competitivity.
