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.
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