Added to YB: 2024-07-26
Pitch date: 2024-07-25
ENPH [neutral]
Enphase Energy, Inc.
-73.25%
current return
Author Info
Company Info
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.
Market Cap
$3.8B
Pitch Price
$120.29
Price Target
130.00 (+304%)
Dividend
N/A
EV/EBITDA
11.94
P/E
19.90
EV/Sales
2.32
Sector
Semiconductors and Semiconductor Equipment
Category
growth
ENPH: Inventory Correction Over, Stock Likely to Stay Rangebound
ENPH: 2Q mixed, inventory normalized. 3Q guidance cautious but 85% booked. US rev +32% QoQ, EU flat. 4Q potential IRA tailwind. Battery shipments +59% QoQ. NEM 3.0 driving 90% attach rate in CA. IQ9 (GaN) in 2025 for higher power, lower costs. 50%+ US market share. $130 PT, 14x 2026 EBITDA. Risks: TSLA competition, GM pressure. Buy at $90, sell at $130.
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