What Enphase Energy (ENPH) Investors Need to Know Today

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.

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.