On April 3, 2023,
Morgan Stanley
initiated coverage of Enphase Energy with
a Equal-Weight recommendation.
Analyst Price Forecast Suggests 43.11% Upside
As of March 30, 2023,
the average one-year price target for Enphase Energy is $300.93.
The forecasts range from a low of $220.18 to a high of $383.25.
The average price target represents an increase of 43.11% from its latest reported closing price of $210.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Enphase Energy
is $3,242MM, an increase of 39.09%.
The projected annual non-GAAP EPS
is $5.41.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 4,132K shares
representing 3.03% ownership of the company.
In it’s prior filing, the firm reported owning 4,040K shares, representing
an increase
of 2.23%.
The firm
decreased
its portfolio allocation in ENPH by 9.81% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares
holds 3,164K shares
representing 2.32% ownership of the company.
In it’s prior filing, the firm reported owning 3,121K shares, representing
an increase
of 1.36%.
The firm
decreased
its portfolio allocation in ENPH by 11.08% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares
holds 3,142K shares
representing 2.30% ownership of the company.
In it’s prior filing, the firm reported owning 3,071K shares, representing
an increase
of 2.28%.
The firm
decreased
its portfolio allocation in ENPH by 9.98% over the last quarter.
Geode Capital Management
holds 2,846K shares
representing 2.09% ownership of the company.
In it’s prior filing, the firm reported owning 2,771K shares, representing
an increase
of 2.64%.
The firm
decreased
its portfolio allocation in ENPH by 9.32% over the last quarter.
Invesco
holds 2,633K shares
representing 1.93% ownership of the company.
In it’s prior filing, the firm reported owning 2,865K shares, representing
a decrease
of 8.83%.
The firm
decreased
its portfolio allocation in ENPH by 99.99% over the last quarter.
What is the Fund Sentiment?
There are 1923 funds or institutions reporting positions in Enphase Energy.
This is an increase
of
202
owner(s) or 11.74% in the last quarter.
Average portfolio weight of all funds dedicated to ENPH is 0.49%,
a decrease
of 13.97%.
Total shares owned by institutions increased
in the last three months by 3.99% to 114,803K shares.
The put/call ratio of ENPH is 1.01, indicating a
bearish
outlook.
Enphase Energy Background Information
(This description is provided by the company.)
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
