Make Sure You Stick With Enphase Energy Inc (ENPH). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Enphase Energy Launches IQ8P Microinverters for High-Powered Solar Modules in Thailand and the Philippines.

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Stocks Info

Enphase Energy Inc is listed on the NASDAQ in the Technology sector while operating in the Solar industry. The current market capitalization of Enphase Energy Inc is $16.42B. A total of 2.96 million shares were traded on the day, compared to an average of 4.18M shares.

In the most recent transaction, RANHOFF DAVID A sold 5,000 shares of ENPH for 108.89 per share on Mar 15 ’24. After the transaction, the EVP & Chief Commercial Officer now owns 124,948 company shares. In a previous transaction on Feb 27 ’24, Kothandaraman Badrinarayanan bought 4,000 shares at 120.54 per share. ENPH shares that President & CEO owns now total 1,655,171.

Among the insiders who sold shares, MORA RICHARD disposed of 24,285 shares on Feb 09 ’24 at a per-share price of $120.59. This resulted in the Director holding 3,126 shares of ENPH after the transaction. In another insider transaction, Kothandaraman Badrinarayanan bought 1,118 shares at $90.23 per share on Nov 16 ’23. Company shares held by the President & CEO now total 1,272,015.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, ENPH has a high of $231.42 and a low of $73.49.

As of this writing, ENPH has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.16. The company reported an EPS of $1.02 in the last quarter, which was 1.00% higher than expectations of $1.01.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ENPH’s latest balance sheet shows that the firm has $1.02B in Cash & Short Term Investments as of fiscal 2021. There were $1.04B in debt and $439.80M in liabilities at the time. Its Book Value Per Share was $7.25, while its Total Shareholder’s Equity was $430.17M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ENPH is Buy with a score of 4.15.

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