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Fremont, California-based Enphase Energy, Inc. (ENPH) designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. With a market cap of $5.2 billion, the company is expected to announce its fiscal Q2 earnings results on Tuesday, July 22.
Ahead of this event, analysts expect the energy company to report a profit of $0.29 per share, up 123.1% from $0.13 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in one of the past four quarters, while missing on three other occasions.
For fiscal 2025, analysts expect ENPH to report an EPS of $1.15, up 13.9% year over year from $1.01 in fiscal 2024. Moreover, in FY2026, the company’s EPS is expected to increase 62.6% annually to $1.87.
ENPH stock has declined 57.9% over the past 52 weeks, underperforming the Technology Select Sector SPDR Fund’s (XLK) 10.1% surge and the S&P 500 Index’s ($SPX) 13.2% uptick during the same time frame.
On Apr. 22, ENPH shares grew 3.5% following the release of its Q1 results. The energy company’s revenue came in at $356.1 million, missing Wall Street forecasts of $362.1 million. Moreover, its adjusted EPS of $0.29 also fell short of the consensus estimate by 21.6%. Looking ahead, the company expects revenue in the range of $340 million to $380 million for Q2.
Wall Street analysts are skeptical about ENPH’s stock, with a "Hold" rating overall. Among 31 analysts covering the stock, 12 recommend "Strong Buy," eight suggest “Hold,” two suggest “Moderate Sell,” and nine advise “Strong Sell.” ENPH’s average analyst price target of $54.52 indicates a potential upside of 33.3% from the current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
