Enphase Energy

Enphase Energy, Inc (ENPH) – Solar industry in a trough

in , , on November 3, 2023

Enphase Energy, Inc (ENPH) (Q3FY23)

Stock Performance: In the past 3 years, Enphase Energy has generated returns of -21%, where the stock price declined from $103.67 in Oct 26, 2020 to $82.09 in Oct 27, 2023. Enphase had a 50-Day Moving Average of $119.55 and a 200-Day Moving Average of $170.35.

In the past 1 year, ENPH delivered returns of -73% where the stock price decreased from $307 in Oct 31, 2022 to $82.09 in Oct 27, 2023. The stock had a 52 Week High of $339.92 and a 52 Week Low of $79.55.

Over the past 3 months, ENPH’s stock price decreased by -47% from $154.33 in Jul 28, 2023 to $82.09 in Oct 27, 2023.

Quarter Performance : In Q3FY23, ENPH’s revenue declined by -13% to $551.1mn from $634.7mn in Q3FY22 and the COGS decreased by -21% to $289.1mn from $366.8mn in the same time period

Guidance: For Q4FY23, ENPH expects its revenue to be in the range of $300mn to $350mn and the gross margin to be in the range of 46% to 49%.

Highlights

Enphase share price had declined by -14.65% in the past two weeks. The share started falling as its competitor SolarEdge reported its quarterly results which indicated a bleak outlook for the solar industry.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

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Release Information

  • Price
    :

    $265.00

  • Released
    :

    November 3, 2023

  • Last Updated
    :

    November 3, 2023