Previous close | 110.51 |
Open | 109.76 |
Bid | 113.42 x 200 |
Ask | 113.56 x 200 |
Day's range | 109.65 - 116.10 |
52-week range | 73.49 - 228.36 |
Volume | |
Avg. volume | 4,022,830 |
Market cap | 15.44B |
Beta (5Y monthly) | 1.46 |
PE ratio (TTM) | 36.84 |
EPS (TTM) | 3.08 |
Earnings date | 23 Apr 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 132.86 |
Comprehensive Analysis of Enphase Energy's Financial Performance and Future Outlook
Enphase Energy (ENPH) delivered earnings and revenue surprises of -16.67% and 5.97%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Solar inverter maker Enphase Energy projected second-quarter revenue below analysts' estimates on Tuesday, in a sign of sluggish recovery in demand across its markets. The Fremont, California-based company forecast revenue in the range of $290 million to $330 million for the quarter ending June, compared with analysts' average estimate of $348.6 million, according to LSEG data. Rising inventory levels in Europe and a metering reform in top U.S. market California have dented demand for Enphase's inverters used in residential solar units.