ENPHASE ENERGY, INC.

(ENPH)
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Delayed Nasdaq  -  04:00 2022-08-08 pm EDT
287.74 USD   -4.38%
08/08JPMorgan Chase Increases Enphase Energy's Price Target to $321 From $261, Maintains Overweight Rating
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08/04INSIDER SELL : Enphase Energy
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08/04Barclays Initiates Enphase Energy With Equalweight Rating, $292 Price Target
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Enphase Energy, Inc. Expands IQ8 Microinverter Deployments in Washington

06/27/2022 | 08:00am EDT

Enphase Energy, Inc. announced that installers of Enphase products in Washington state have seen growing deployments of Enphase Energy Systems powered by IQ8™ Microinverters following the product's launch in North America late last year. IQ8 Microinverters paired with Enphase's industry leading IQ™ Batteries give homeowners more energy security as power outages from extreme weather and high summertime demand grow increasingly common. According to the most recent U.S. Solar Market Insight report from Wood Mackenzie and the Solar Energy Industries Association, residential solar deployments in Washington state are predicted to reach over 75 MW in 2022, representing an approximately 63% increase from the previous year. Additionally, residential battery capacity in Washington is increasing steadily year-over-year with forecasts estimating deployments will nearly quadruple by the end of 2026, according to the U.S. Energy Storage Monitor 2021 Year in Review report from the Energy Storage Association and Wood Mackenzie. Enphase's revolutionary IQ8-based systems can provide Sunlight Backup™ during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing an Enphase IQ Batteries with IQ8 Microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase IQ8 solar microinverters come with a 25-year limited warranty. The IQ8 Microinverter system is the first in the world to be certified by UL, a global safety science leader, for the new North American safety and grid interconnection standards for connecting solar inverters, energy storage systems, and distributed energy resources to the grid. Enphase's IQ8 Microinverters, paired with the IQ™ Combiner 4/4C and IQ™ Gateway, create the first complete residential DER system certified by UL.


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All news about ENPHASE ENERGY, INC.
08/08JPMorgan Chase Increases Enphase Energy's Price Target to $321 From $261, Maintains Ove..
MT
08/04INSIDER SELL : Enphase Energy
MT
08/04Barclays Initiates Enphase Energy With Equalweight Rating, $292 Price Target
MT
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Financials (USD)
Sales 2022 2 237 M - -
Net income 2022 306 M - -
Net cash 2022 223 M - -
P/E ratio 2022 135x
Yield 2022 -
Capitalization 38 976 M 38 976 M -
EV / Sales 2022 17,3x
EV / Sales 2023 12,9x
Nbr of Employees 2 260
Free-Float 98,0%
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Mean consensus BUY
Number of Analysts 30
Last Close Price 287,74 $
Average target price 261,06 $
Spread / Average Target -9,27%
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Managers and Directors
Badrinarayanan Kothandaraman President, Chief Executive Officer & Director
Mandy Yang Treasurer, Chief Accounting & Financial Officer
Ben Kortlang Independent Director
Steven J. Gomo Lead Independent Director
Richard Mora Independent Director
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