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Enphase Energy (ENPH) Stock Forecast, Price Target & Predictions

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ENPH Stock Forecast

Enphase Energy stock forecast is as follows: an average price target of $167.61 (represents a 163.66% upside from ENPH’s last price of $63.57) and a rating consensus of 'Buy', based on 39 wall street analysts offering a 1-year stock forecast.

ENPH Price Target

The average price target for Enphase Energy (ENPH) is $167.61 based on 1-year price targets from 39 Wall Street analysts in the past 3 months, with a price target range of $341.00 to $81.00. This represents a potential 163.66% upside from ENPH's last price of $63.57.

ENPH Analyst Ratings

Buy

According to 39 Wall Street analysts, Enphase Energy's rating consensus is 'Buy'. The analyst rating breakdown for ENPH stock is 0 'Strong Buy' (0.00%), 21 'Buy' (53.85%), 16 'Hold' (41.03%), 2 'Sell' (5.13%), and 0 'Strong Sell' (0.00%).

Enphase Energy Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 08, 2024Daniel YangHSBC--13.14%27.42%
Oct 23, 2024Eric StineCraig-Hallum--52.68%93.49%
Oct 23, 2024Andrew PercocoMorgan Stanley--0.83%46.30%
Oct 23, 2024Kashy HarrisonPiper Sandler---7.84%33.71%
Oct 23, 2024Austin MoellerCanaccord Genuity--3.00%49.44%
Oct 23, 2024Chris DendrinosRBC Capital---7.84%33.71%
Oct 23, 2024James WestEvercore ISI--35.53%96.63%
Oct 17, 2024Joseph OshaGuggenheim---3.36%41.58%
Oct 16, 2024Steven CahallWells Fargo--18.11%73.04%
Oct 16, 2024Jordan LevyTruist Financial--19.51%73.04%
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The latest Enphase Energy stock forecast, released on Nov 08, 2024 by Daniel Yang from HSBC, set a price target of $81.00, which represents a 13.14% increase from the stock price at the time of the forecast ($71.59), and a 27.42% increase from ENPH last price ($63.57).

Enphase Energy Price Target by Period

1M3M12M
# Anlaysts71527
Avg Price Target$98.14$103.33$117.93
Last Closing Price$63.57$63.57$63.57
Upside/Downside54.38%62.55%85.51%

In the current month, the average price target of Enphase Energy stock is $98.14, according to 7 Wall Street analysts offering twelve months forecast. The average price target represents a 54.38% increase as opposed to Enphase Energy's last price of $63.57. This month's average price target is down -5.02% compared to last quarter, and down -16.78% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 08, 2024HSBCBuyHoldDowngrade
Oct 23, 2024Craig-HallumBuyBuyHold
Oct 23, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Oct 23, 2024Piper SandlerNeutralNeutralHold
Oct 23, 2024Janney MontgomeryBuyNeutralDowngrade
Oct 23, 2024RBC CapitalSector PerformSector PerformHold
Oct 23, 2024GuggenheimNeutralSellDowngrade
Oct 23, 2024Evercore ISIOutperformOutperformHold
Oct 17, 2024GuggenheimSellNeutralUpgrade
Oct 16, 2024Wells FargoMarket PerformEqual-WeightDowngrade
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Enphase Energy's last stock rating was published by HSBC on Nov 08, 2024. The company Downgrade its ENPH rating from "Buy" to "Hold".

Enphase Energy Financial Forecast

Enphase Energy Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$302.57M-$711.12M$726.02M$724.65M$634.71M$530.20M$441.29M$412.72M$351.52M$316.06M$301.75M$264.84M$178.50M
Avg Forecast$529.71M$509.57M$517.51M$488.30M$531.79M$511.33M$485.96M$449.10M$486.65M$463.44M$420.70M$379.72M$384.13M$392.21M$309.73M$276.25M$328.31M$566.05M$725.82M$724.45M$706.76M$617.49M$509.46M$433.62M$400.18M$345.08M$312.42M$292.45M$254.48M$169.69M
High Forecast$599.70M$576.90M$585.89M$552.82M$602.06M$578.89M$550.18M$508.44M$550.95M$524.67M$476.29M$439.81M$396.62M$392.91M$309.73M$276.25M$348.47M$588.03M$821.73M$820.17M$800.15M$617.49M$509.46M$433.62M$400.18M$345.08M$312.42M$292.45M$254.48M$169.69M
Low Forecast$481.38M$463.07M$470.29M$443.74M$483.27M$464.67M$441.62M$408.12M$442.24M$421.15M$382.32M$343.31M$368.26M$391.52M$309.73M$276.25M$318.57M$549.58M$659.59M$658.35M$642.28M$617.49M$509.46M$433.62M$400.18M$345.08M$312.42M$292.45M$254.48M$169.69M
# Analysts81016888128127717221177152512121111111112121212126
Surprise %----------------0.92%-0.98%1.00%1.03%1.03%1.04%1.02%1.03%1.02%1.01%1.03%1.04%1.05%

Enphase Energy's average Quarter revenue forecast for Mar 24 based on 7 analysts is $276.25M, with a low forecast of $276.25M, and a high forecast of $276.25M. ENPH's average Quarter revenue forecast represents a -8.70% decrease compared to the company's last Quarter revenue of $302.57M (Dec 23).

Enphase Energy EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts81016888128127717221177152512121111111112121212126
EBITDA----------------$-10.23M-$170.32M$198.41M$183.48M$151.68M$109.62M$77.84M$74.20M$46.65M$66.45M$11.22M$82.61M$55.60M
Avg Forecast$113.63M$109.31M$111.01M$104.74M$114.07M$109.68M$104.24M$96.34M$104.39M$99.41M$90.24M$81.45M$82.40M$84.13M$66.44M$75.19M$70.42M$121.42M$155.69M$68.36M$24.29M$139.31M$114.94M$62.14M$90.28M$77.85M$70.48M$8.48M$57.41M$38.28M
High Forecast$128.64M$123.75M$125.68M$118.58M$129.15M$124.18M$118.02M$109.06M$118.18M$112.55M$102.17M$94.34M$85.08M$84.28M$66.44M$90.23M$74.75M$126.14M$176.27M$82.03M$29.15M$139.31M$114.94M$74.57M$90.28M$77.85M$70.48M$10.17M$57.41M$38.28M
Low Forecast$103.26M$99.33M$100.88M$95.19M$103.66M$99.68M$94.73M$87.55M$94.86M$90.34M$82.01M$73.64M$78.99M$83.98M$66.44M$60.15M$68.34M$117.89M$141.49M$54.69M$19.43M$139.31M$114.94M$49.71M$90.28M$77.85M$70.48M$6.78M$57.41M$38.28M
Surprise %-----------------0.15%-1.09%2.90%7.55%1.09%0.95%1.25%0.82%0.60%0.94%1.32%1.44%1.45%

25 analysts predict ENPH's average Quarter EBITDA for Sep 23 to be $121.42M, with a high of $126.14M and a low of $117.89M. This is -28.71% lower than Enphase Energy's previous annual EBITDA (Jun 23) of $170.32M.

Enphase Energy Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts81016888128127717221177152512121111111112121212126
Net Income----------------$20.92M-$157.19M$146.87M$153.75M$114.81M$76.98M$51.82M$52.59M$21.81M$39.35M$31.70M$72.99M$39.36M
Avg Forecast$229.89M$208.02M$213.40M$192.95M$174.05M$163.31M$155.60M$137.11M$153.15M$144.95M$126.01M$105.66M$106.69M$109.18M$69.14M$51.47M$76.54M$141.10M$179.39M$46.79M$24.14M$148.96M$117.06M$42.54M$80.89M$67.00M$56.66M$23.95M$55.89M$32.33M
High Forecast$269.37M$243.76M$250.06M$226.09M$203.95M$191.36M$182.32M$160.67M$179.45M$169.85M$147.66M$152.78M$127.44M$110.34M$69.15M$61.77M$113.39M$204.11M$185.67M$56.15M$28.96M$148.96M$117.06M$51.05M$80.89M$67.00M$56.66M$28.74M$55.89M$32.33M
Low Forecast$202.62M$183.35M$188.09M$170.06M$153.40M$143.94M$137.14M$120.85M$134.98M$127.76M$111.06M$91.38M$42.97M$108.01M$69.13M$41.18M$59.53M$117.81M$173.10M$37.43M$19.31M$148.96M$117.06M$34.03M$80.89M$67.00M$56.66M$19.16M$55.89M$32.33M
Surprise %----------------0.27%-0.88%3.14%6.37%0.77%0.66%1.22%0.65%0.33%0.69%1.32%1.31%1.22%

Enphase Energy's average Quarter net income forecast for Mar 24 is $51.47M, with a range of $41.18M to $61.77M. ENPH's average Quarter net income forecast represents a 146.06% increase compared to the company's last Quarter net income of $20.92M (Dec 23).

Enphase Energy SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts81016888128127717221177152512121111111112121212126
SG&A----------------$86.79M-$92.80M$100.89M$102.27M$87.69M$85.71M$79.43M$74.03M$73.60M$45.69M$39.74M$27.02M$28.17M
Avg Forecast$78.09M$75.12M$76.29M$71.99M$78.40M$75.38M$71.64M$66.21M$71.74M$68.32M$62.02M$55.98M$56.63M$57.82M$45.66M$78.90M$48.40M$83.45M$107.00M$71.72M$33.98M$91.03M$75.11M$65.20M$59.00M$50.87M$46.06M$30.03M$37.52M$25.02M
High Forecast$88.41M$85.05M$86.38M$81.50M$88.76M$85.34M$81.11M$74.96M$81.22M$77.35M$70.22M$64.84M$58.47M$57.92M$45.66M$94.68M$51.37M$86.69M$121.14M$86.07M$40.77M$91.03M$75.11M$78.24M$59.00M$50.87M$46.06M$36.04M$37.52M$25.02M
Low Forecast$70.97M$68.27M$69.33M$65.42M$71.25M$68.50M$65.11M$60.17M$65.20M$62.09M$56.36M$50.61M$54.29M$57.72M$45.66M$63.12M$46.97M$81.02M$97.24M$57.38M$27.18M$91.03M$75.11M$52.16M$59.00M$50.87M$46.06M$24.02M$37.52M$25.02M
Surprise %----------------1.79%-0.87%1.41%3.01%0.96%1.14%1.22%1.25%1.45%0.99%1.32%0.72%1.13%

Enphase Energy's average Quarter SG&A projection for Mar 24 is $78.90M, based on 7 Wall Street analysts, with a range of $63.12M to $94.68M. The forecast indicates a -9.09% fall compared to ENPH last annual SG&A of $86.79M (Dec 23).

Enphase Energy EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts81016888128127717221177152512121111111112121212126
EPS----------------$0.15-$1.15$1.07$1.13$0.85$0.57$0.39$0.39$0.16$0.29$0.24$0.57$0.31
Avg Forecast$1.64$1.49$1.53$1.38$1.24$1.17$1.11$0.98$1.09$1.04$0.90$0.76$0.76$0.78$0.49$0.41$0.55$1.01$1.28$1.23$1.27$1.09$0.86$0.69$0.59$0.49$0.42$0.46$0.41$0.24
High Forecast$1.93$1.74$1.79$1.62$1.46$1.37$1.30$1.15$1.28$1.21$1.06$1.09$0.91$0.79$0.49$0.41$0.81$1.46$1.33$1.44$1.49$1.09$0.86$0.69$0.59$0.49$0.42$0.46$0.41$0.24
Low Forecast$1.45$1.31$1.34$1.22$1.10$1.03$0.98$0.86$0.96$0.91$0.79$0.65$0.31$0.77$0.49$0.41$0.43$0.84$1.24$1.09$1.12$1.09$0.86$0.69$0.59$0.49$0.42$0.46$0.41$0.24
Surprise %----------------0.27%-0.90%0.87%0.89%0.78%0.66%0.57%0.66%0.33%0.70%0.53%1.39%1.31%

According to 7 Wall Street analysts, Enphase Energy's projected average Quarter EPS for Mar 24 is $0.41, with a low estimate of $0.41 and a high estimate of $0.41. This represents a 173.09% increase compared to ENPH previous annual EPS of $0.15 (Dec 23).

Enphase Energy Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SPWRSunPower--14483.33%Hold
SEDGSolarEdge--1363.19%Hold
NOVASunnova Energy--378.49%Buy
RUNSunrun--232.58%Buy
ENPHEnphase Energy--163.66%Buy
CSIQCanadian Solar--72.57%Sell
FSLRFirst Solar--31.61%Buy
JKSJinkoSolar--9.83%Sell
MAXNMaxeon Solar---54.27%Sell

ENPH Forecast FAQ

Is Enphase Energy a good buy?

Yes, according to 39 Wall Street analysts, Enphase Energy (ENPH) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 21 'Buy' recommendations, accounting for 53.85% of ENPH's total ratings.

What is ENPH's price target?

Enphase Energy (ENPH) average price target is $167.61 with a range of $81 to $341, implying a 163.66% from its last price of $63.57. The data is based on 39 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Enphase Energy stock go up soon?

According to Wall Street analysts' prediction for ENPH stock, the company can go up by 163.66% (from the last price of $63.57 to the average price target of $167.61), up by 436.42% based on the highest stock price target, and up by 27.42% based on the lowest stock price target.

Can Enphase Energy stock reach $100?

ENPH's average twelve months analyst stock price target of $167.61 supports the claim that Enphase Energy can reach $100 in the near future.

What is Enphase Energy's current price target trend?

7 Wall Street analysts forecast a $98.14 price target for Enphase Energy (ENPH) this month, up 54.38% from its last price of $63.57. Compared to the last 3 and 12 months, the average price target increased by 62.55% and increased by 85.51%, respectively.

What are Enphase Energy's analysts' financial forecasts?

Enphase Energy's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.98B (high $2.24B, low $1.8B), average EBITDA is $424.33M (high $480.4M, low $385.62M), average net income is $630.07M (high $738.3M, low $555.33M), average SG&A $291.64M (high $330.17M, low $265.03M), and average EPS is $4.5 (high $5.28, low $3.97). ENPH's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.05B (high $2.32B, low $1.86B), average EBITDA is $438.69M (high $496.65M, low $398.66M), average net income is $844.26M (high $989.29M, low $744.12M), average SG&A $301.5M (high $341.34M, low $273.99M), and average EPS is $6.03 (high $7.07, low $5.32).

Did the ENPH's actual financial results beat the analysts' financial forecasts?

Based on Enphase Energy's last annual report (Dec 2023), the company's revenue was $2.29B, which missed the average analysts forecast of $2.34B by -2.30%. Apple's EBITDA was $445.74M, beating the average prediction of $415.9M by 7.18%. The company's net income was $438.94M, missing the average estimation of $443.82M by -1.10%. Apple's SG&A was $369.63M, beating the average forecast of $310.58M by 19.01%. Lastly, the company's EPS was $3.22, missing the average prediction of $4.07 by -20.88%. In terms of the last quarterly report (Dec 2023), Enphase Energy's revenue was $302.57M, missing the average analysts' forecast of $328.31M by -7.84%. The company's EBITDA was $-10.231M, missing the average prediction of $70.42M by -114.53%. Enphase Energy's net income was $20.92M, missing the average estimation of $76.54M by -72.67%. The company's SG&A was $86.79M, beating the average forecast of $48.4M by 79.31%. Lastly, the company's EPS was $0.15, missing the average prediction of $0.547 by -72.58%