How to Buy Enphase Energy Stock
Enphase Energy Inc
Enphase Energy, Inc. , together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally.
Enphase Energy stock last closed at $107.83, up 0.62% from the previous day, and has decreased 51.12% in one year. It has overperformed other stocks in the Solar industry by 0.04 percentage points. Enphase Energy stock is currently +46.73% from its 52-week low of $73.49, and -43.9% from its 52-week high of $192.22.
As of Apr 25, 2024, there are 136.06M ENPH shares outstanding. The market cap of ENPH is $14.67B. In the last 24 hours, 7.48M ENPH shares were traded.
How to Buy Enphase Energy Stock
Wondering how to invest in Enphase Energy stock? Here's how.
- Decide where to buy Enphase Energy stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Enphase Energy stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Analyze Enphase Energy stock: The Enphase Energy ticker symbol is ENPH. Is Enphase Energy stock a good investment? Should you buy shares of ENPH? How do ENPH's underlying business fundamentals look? Do top analysts think Enphase Energy is a good buy? Why has ENPH's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if ENPH is a good stock to buy).
- Execute your ENPH buy order: Decide if you will purchase ENPH shares at the current market price or use a limit order to buy ENPH shares at a particular price.
- Get notifications regarding your ENPH investment: Create a watchlist to track your position in Enphase Energy shares.
Step 1: Decide where to buy Enphase Energy stock
You will need a brokerage account in order to access the NASDAQ market and buy ENPH stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal details so you can buy ENPH stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
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Step 3: Deposit money your brokerage account
Now that you've opened your account on the greatest app to buy stocks, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring money into your investment account.
Step 4: Analyze Enphase Energy stock
After you have decided on the best place to buy Enphase Energy stock, it's absolutely critical to analyze their stock prior to investing, so you can comprehend the risk and upside.
Enphase Energy stock quick numbers
Fundamentals of Enphase Energy
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on ENPH's stock page.
Is ENPH stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge ENPH's true value.
Using relative valuations metrics:
- ENPH may be overvalued based on its P/E ratio of 53.12x, relative to Solar industry P/E ratio of 30.94x
- ENPH may be overvalued based on its P/B ratio of 15.9x, relative to Solar industry P/B ratio of 2.42x
- ENPH may be overvalued based on its PEG ratio of 1.18x
You can access more valuation analysis on ENPH's stock here.
How do ENPH Financials look?
Positive Financial Indicators:
- ENPH earnings of $331.55M is not enough to cover its interest payments.
- ENPH's operating cash flow of $499.75M allows it to safely service it's debt of $1.30B.
- Total ENPH debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the ENPH balance sheet.
- There are more short-term assets than short-term liabilities on the ENPH balance sheet.
Negative Financial Indicators:
- ENPH has a relatively high debt to equity ratio of 2.5.
- ENPH profit margin has gone down from 18.8% to 15.1% in the past year.
Do analysts think it's a good time to buy Enphase Energy stock
Out of 21 sell side analysts who research ENPH, the consensus analyst rating on ENPH is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest ENPH Analyst Upgrades/Downgrades
Dushyant Ailani, a top 45% analyst from Jefferies downgrades ENPH to a hold rating and lowers their ENPH price target from $135.00 to $111.00, on Apr 24, 2024.
Kashy Harrison, a bottom 1% analyst from Piper Sandler reiterates ENPH with a hold rating and lowers their ENPH price target from $113.00 to $111.00, on Apr 24, 2024.
Philip Shen, a bottom 6% analyst from Roth MKM reiterates ENPH with a strong buy rating and maintains their ENPH price target from $140.00 to $140.00, on Apr 24, 2024.
Austin Moeller, a bottom 5% analyst from Canaccord Genuity maintains ENPH with a strong buy rating and lowers their ENPH price target from $132.00 to $130.00, on Apr 24, 2024.
Christopher Souther, a bottom 2% analyst from B. Riley Securities maintains ENPH with a strong buy rating and lowers their ENPH price target from $149.00 to $133.00, on Apr 24, 2024.
You can dig deeper into what analysts are projecting on the Enphase Energy stock forecast page.
ENPH Technical Indicators
How are ENPH Revenues/Earnings doing?
Last year, ENPH earnings were $275.97M. In the last four year, ENPH's earnings have increased by 1.8% per year. This was slower than the Solar industry average of 16.48%.
Last year, ENPH revenue was $1.83B. Over the last 5 year, ENPH's revenue has grown by 39.48% per year. This was faster than the Solar industry average of 24.15%.
Dig into ENPH's earnings and revenue performance here.
Are ENPH executives and large shareholders buying or selling the stock?
Over the last year, executives and large shareholders at ENPH have bought more shares than they have sold.
David A. Ranhoff, EVP Chief Commercial Officer of ENPH, was the latest ENPH insider to sell. They sold $37,544.96 worth of ENPH shares on Apr 15, 2024.
Get more info about who owns ENPH shares here.
Can I rely on ENPH as an income stream?
No, Enphase Energy doesn't provide an income stream by paying out dividends.
What others are saying about ENPH
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your ENPH buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price, place a limit order.
Click the Open button and your broker will execute your order.
If you need more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your ENPH investment
Now that you own some ENPH stock, you'll want to stay up-to-date on your new investment.
Start a watchlist to keep track of your ENPH stock.
ENPH Feed
How to Buy Stock in Enphase Energy
To summarize, here are the 6 steps you need to take to buy Enphase Energy stock right now:
- Decide where to buy Enphase Energy stock
- Open a brokerage account
- Deposit money your brokerage account
- Analyze Enphase Energy stock
- Execute your ENPH buy order
- Get notifications regarding your ENPH investment
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Enphase Energy, hit the button below to create your watchlist.
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