2023 was a bad time to be holding Enphase Energy (ENPH 3.62%) stock. Shares in the solar energy technology company were cut in half last year. That downtrend continued into 2024. But one analyst firm now thinks the stock has bottomed and sees a recovery underway.This week RBC Capital began covering Enphase stock with the equivalent of a buy rating and a share price target of $140. That price represents a gain of more than 10% from recent levels. That is on top of a 25% jump Enphase stock has made since it r ...

SOPA Images/LightRocket via Getty ImagesIntroduction Last Wednesday, Enphase's (NASDAQ:ENPH) results came out. To say they were ugly would be an understatement. Bad earnings, bad guidance, and still the stock jumped. The stock is now up 32% compared to last week. Data by YChartsThe question is why, and that's what we explore in this article. Let's start with the results. The Numbers Revenue came in at $302.6 million, down 58% compared to the same quarter last year and a whopping 45% decline from Q3, whi ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Enphase Energy (ENPH) .Enphase Energy currently has an average brokerage r ...

Enphase Energy (ENPH) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this solar technology company have returned +11.1%, compared to the Zacks S&P 500 composite's +5.8% change. During this period, the Zacks Solar industry, which Enphase Energy falls in, has gained 2.3%. The key question now is: What could be the stock's future direction?While media relea ...

Shares of solar energy company Enphase Energy (ENPH 4.78%) jumped as much as 22.3% in trading this week after the release of fourth-quarter 2023 financial results and are heading higher near the end of the week. According to data provided by S&P Global Market Intelligence, shares are up 22.1% for the week as of 1:30 p.m. ET, and it looks like the turnaround is on for the company.Revenue is in freefall for Enphase EnergyThe quarterly numbers themselves weren't good. Revenue dropped 58% from a year ago to $30 ...

Key PointsShares are jumping this week off the back of recovery potential. They still have a long way to go, but the outlook is as bright as it's been in months. Look for shares to consolidate their recent gains before building on them further into next week. 5 stocks we like better than Enphase EnergyIt's only been three weeks since we called Enphase Energy Inc. NASDAQ: ENPH an "under-the-radar energy stock" with a ton of potential, and we're already being proved right. Having spent almost all last year be ...

In this video, Motley Fool contributor Jason Hall breaks down Enphase Energy's (ENPH -0.54%) latest results, expectations, and what investors should know about the solar market.*Stock prices used were from the afternoon of Feb. 7, 2024. The video was published on Feb. 8, 2024. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35480 Enphase Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Key TakeawaysThe S&P 500 gained 0.8% on Wednesday, Feb. 7, 2024, as strong earnings reports from tech and consumer discretionary firms helped stocks push higher.Solar company Enphase Energy and electrical equipment provider Emerson Electric issued positive 2024 forecasts, and their shares soared.Shares of VF Corp. dropped after the apparel and footwear company reported revenue declines across its core brands.Major U.S. equities indexes moved higher on Wednesday as the markets took in the latest series of qu ...