Latest news with #Enphase
Bloomberg
22-05-2025
- Business
- Bloomberg
Stock Movers: Enphase, Williams-Sonoma, Target
On this episode of Stock Movers: - Enphase (ENPH) and other clean-power stocks plunged after a massive tax and spending bill that would gut former President Joe Biden's landmark climate law narrowly passed the House of Representatives. The bill now moves to the Senate, where some lawmakers are skeptical of provisions that would end subsidies for green energy years earlier than planned. But even as some Wall Street analysts suggested a final bill isn't likely to be as damaging to the industry, renewable energy stocks are tumbling. - Williams-Sonoma (WSM) shares slumped as much as 12%, as Wall Street questioned the home furnishing retailer's reaffirmed full-year net revenue guidance given its significant first-quarter beat. Bloomberg Intelligence considers the outlook to be conservative, while Evercore says it suggests the quarter benefitted from pre-buys ahead of tariffs. - Target (TGT) shares bounced back today. That is despite the fact that analysts at Bank of America, Melius Research LLC and Telsey Advisory Group all stepped back from their buy-equivalent calls since the company's earnings report on Wednesday, flagging issues including the difficult macroeconomic backdrop, an uncertain outlook and exposure to President Donald Trump's tariff policies. That's dragged Target's consensus rating — a Bloomberg proxy for the ratio of buy, hold and sell recommendations — down to 3.5, the lowest it has been since November 2018 and below peers such as Walmart Inc., TJX Cos Inc. and Costco Wholesale Corp.
Yahoo
22-05-2025
- Business
- Yahoo
Enphase (ENPH) Stock Trades Down, Here Is Why
Shares of home energy technology company Enphase (NASDAQ:ENPH) fell 18.8% in the afternoon session after a GOP bill was passed to end some of the tax benefits granted to clean energy companies during the Biden administration. The "tax and spending bill", which narrowly passed the House of Representatives, targeted major elements of the Inflation Reduction Act, aiming to significantly reduce or eliminate tax credits for wind, solar, and electric vehicles years earlier than planned. The immediate concern is the potential for reduced financial incentives that have spurred investment and growth in the renewable energy sector. The prospect of an accelerated phase-out of these crucial tax credits was likely affecting investor confidence, leading to a sell-off in solar companies. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Enphase? Access our full analysis report here, it's free. Enphase's shares are extremely volatile and have had 47 moves greater than 5% over the last year. But moves this big are rare even for Enphase and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 9 days ago when the stock dropped 6.8% on the news that Barclays downgraded the stock from Buy to Sell, citing the potential repeal of "section 25D" which had been largely discounted. Section 25D helps homeowners claim tax credit for solar energy and storage installations and the firm thinks the removal of the tax credit might hurt ENPH's financials. Enphase is down 46.5% since the beginning of the year, and at $38.17 per share, it is trading 71.6% below its 52-week high of $134.52 from June 2024. Investors who bought $1,000 worth of Enphase's shares 5 years ago would now be looking at an investment worth $676.52. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Enphase Energy, Inc. (ENPH): A Bull Case Theory
We came across a bullish thesis on Enphase Energy, Inc. (ENPH) on Substack by OppCost. In this article, we will summarize the bulls' thesis on ENPH. Enphase Energy, Inc. (ENPH)'s share was trading at $49.72 as of May 15th. ENPH's trailing and forward P/E were 44.28 and 20.04 respectively according to Yahoo Finance. A typical home improvement project with workers installing a residential solar energy system. Enphase Energy, Inc. (ENPH) is a leading global energy technology company transitioning from a microinverter component supplier to an integrated home energy solutions provider, offering solar generation, storage, EV charging, and energy management software. This strategic shift positions Enphase to capitalize on the accelerating trends of electrification and renewable energy adoption. Also, check out an article on First Solar, Inc., a player in the solar tech industry. After a period of rapid growth from 2020 to 2022, with revenue rising from $774 million to over $2.3 billion and improving margins driven by scale and operational leverage, the company has faced a sharp slowdown. Revenue contracted to $1.33 billion in 2024 amid industry-wide headwinds including channel inventory destocking, weakening demand in major markets like the U.S.—impacted by policy changes such as California's NEM 3.0—and macroeconomic uncertainties. While the Inflation Reduction Act provides significant manufacturing tax credits and incentives for domestic content that could boost demand, margin pressure has intensified due to tariffs on battery components sourced from China. Management has initiated restructuring measures to better align costs with the current environment. Valuation models reflect the uncertainty around Enphase's recovery and growth, with discounted cash flow and owner earnings analyses suggesting an intrinsic value range of $60 to $85 per share, compared to a market price near $46. This implies an attractive 5-year forward IRR of roughly 18-22%, assuming revenue rebounds and margin stabilization. The investment thesis hinges on Enphase's strong technology, integrated ecosystem, and solid balance sheet to navigate near-term challenges and capture long-term growth in residential solar and storage. Key risks include competitive pressure, policy sensitivity, supply chain vulnerabilities, and execution risks related to manufacturing and cost management. Despite these headwinds, the stock's valuation appears to discount much of the near-term negativity, offering potential upside for long-term investors with a high-risk tolerance, contingent on close monitoring of operational and market developments. Enphase Energy, Inc. (ENPH) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held ENPH at the end of the fourth quarter which was 38 in the previous quarter. While we acknowledge the risk and potential of ENPH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ENPH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Enphase Energy (ENPH) Gains 3.8% After Belgium Launch of Balcony Solar System
Enphase Energy (ENPH, Financials) rose 3.8% to $50.12 in Thursday afternoon trading after the company launched its IQ Balcony Solar System in Belgium, targeting apartment dwellers and homes with limited rooftop space. The rollout follows Belgium's April 2025 move to legalize balcony solar systems as part of its plan to expand national solar capacity by 40% this year. Warning! GuruFocus has detected 6 Warning Signs with ENPH. The plug-and-play system includes IQ8HC Microinverters, a Balcony Gateway, and accessories that allow for easy self-installation and off-grid use. Enphase said the system is scalable, supporting up to seven microinverters, and includes a built-in data plan for monitoring via the Enphase App. Already launched in Germany, the system aligns with Enphase's strategy to increase clean energy access in dense urban environments. Sabbas Daniel, senior vice president of sales, said the expansion supports energy independence and strengthens the company's European footprint. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
Generac (GNRC) To Report Earnings Tomorrow: Here Is What To Expect
Power generation products company Generac (NYSE:GNRC) will be reporting results tomorrow before market open. Here's what you need to know. Generac missed analysts' revenue expectations by 0.7% last quarter, reporting revenues of $1.23 billion, up 16.1% year on year. It was a very strong quarter for the company, with a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. Is Generac a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Generac's revenue to grow 3.4% year on year to $919.6 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.97 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Generac has missed Wall Street's revenue estimates five times over the last two years. Looking at Generac's peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Enphase delivered year-on-year revenue growth of 35.2%, missing analysts' expectations by 1.6%, and Bel Fuse reported revenues up 18.9%, topping estimates by 1.6%. Enphase traded down 15.8% following the results while Bel Fuse was up 3.4%. Read our full analysis of Enphase's results here and Bel Fuse's results here. Investors in the electrical equipment segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Generac is down 10.6% during the same time and is heading into earnings with an average analyst price target of $166.34 (compared to the current share price of $113.25). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
