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Barchart
Barchart
Sohini Mondal

What Are Wall Street Analysts' Target Price for Enphase Energy Stock?

Valued at $13.8 billion by market cap, Enphase Energy, Inc. (ENPH) is a global leader in the energy technology sector, providing advanced home energy solutions for the solar industry. The California-based company specializes in integrated solar, storage, and energy management systems, featuring its IQ platform and semiconductor-based microinverters for enhanced energy efficiency and reliability.

Shares of this solar technology company have significantly underperformed the broader market over the past 52 weeks. ENPH has declined 23.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 15.1%. In 2024, ENPH is down 21.7%, compared to SPX's 9% rise on a YTD basis.

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