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Barchart
Barchart
Sohini Mondal

Are Wall Street Analysts Bullish on Enphase Energy Stock?

With a market cap of $11.8 billion, Enphase Energy, Inc. (ENPH) operates in the renewable energy technology sector and specializes in smart home energy solutions for solar and storage. The Fremont, California-based company develops and sells microinverters, storage systems, and software that enable efficient energy management for residential solar power systems.

Shares of the home energy technology company have underperformed the broader market over the past 52 weeks. ENPH has risen 8.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 31.1%. In 2024, ENPH stock declined 33.8%, compared to SPX's 19.8% YTD gain.

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