Analyzing Enphase Energy (ENPH) & Its Competitors
Enphase Energy (NASDAQ: ENPH) is one of 11 public companies in the “Photovoltaic Solar Systems & Equipment” industry, but how does it compare to its peers? We will compare Enphase Energy to similar companies based on the strength of its institutional ownership, risk, dividends, analyst recommendations, valuation, profitability and earnings.
This is a breakdown of recent ratings for Enphase Energy and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Enphase Energy Competitors||175||582||854||56||2.47|
Enphase Energy presently has a consensus target price of $1.56, suggesting a potential downside of 43.59%. As a group, “Photovoltaic Solar Systems & Equipment” companies have a potential downside of 7.68%. Given Enphase Energy’s peers stronger consensus rating and higher probable upside, analysts plainly believe Enphase Energy has less favorable growth aspects than its peers.
This table compares Enphase Energy and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Enphase Energy Competitors||-11.98%||-119.78%||-2.29%|
Earnings and Valuation
This table compares Enphase Energy and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Enphase Energy||$322.59 million||-$67.46 million||-3.79|
|Enphase Energy Competitors||$1.32 billion||-$58.64 million||-0.10|
Enphase Energy’s peers have higher revenue and earnings than Enphase Energy. Enphase Energy is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Insider & Institutional Ownership
19.6% of Enphase Energy shares are held by institutional investors. Comparatively, 40.0% of shares of all “Photovoltaic Solar Systems & Equipment” companies are held by institutional investors. 15.9% of Enphase Energy shares are held by insiders. Comparatively, 16.0% of shares of all “Photovoltaic Solar Systems & Equipment” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Volatility & Risk
Enphase Energy has a beta of 1.15, meaning that its share price is 15% more volatile than the S&P 500. Comparatively, Enphase Energy’s peers have a beta of 1.50, meaning that their average share price is 50% more volatile than the S&P 500.
Enphase Energy peers beat Enphase Energy on 12 of the 12 factors compared.
About Enphase Energy
Enphase Energy, Inc. is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity. Its microinverter system consists of three components: Enphase microinverters, an Envoy gateway and Enlighten cloud-based software. Its Enphase microinverters provide power conversion at the individual solar module level by a digital architecture that incorporates custom application specific integrated circuits (ASIC), specialized power electronics devices, and an embedded software subsystem. Envoy bi-directional communications gateway provides collecting and sending data to Enlighten software. Enlighten cloud-based software provides the capabilities to remotely monitor, manage, and maintain an individual system or a fleet of systems.
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