Fintel reports that on April 26, 2024, Barclays upgraded their outlook for Enphase Energy (NasdaqGM:ENPH) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 25.92% Upside
As of April 17, 2024, the average one-year price target for Enphase Energy is 135.78. The forecasts range from a low of 69.69 to a high of $267.75. The average price target represents an increase of 25.92% from its latest reported closing price of 107.83.
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The projected annual revenue for Enphase Energy is 4,076MM, an increase of 122.96%. The projected annual non-GAAP EPS is 6.58.
What is the Fund Sentiment?
There are 1,517 funds or institutions reporting positions in Enphase Energy. This is an decrease of 118 owner(s) or 7.22% in the last quarter. Average portfolio weight of all funds dedicated to ENPH is 0.26%, an increase of 5.41%. Total shares owned by institutions decreased in the last three months by 0.70% to 103,336K shares. 
The put/call ratio of ENPH is 1.11, indicating a bearish outlook.
What are Other Shareholders Doing?
Invesco holds 4,237K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 3,292K shares , representing an increase of 22.29%. The firm increased its portfolio allocation in ENPH by 25.05% over the last quarter.
Baillie Gifford holds 4,080K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 1K shares , representing an increase of 99.97%. The firm increased its portfolio allocation in ENPH by 369,990.85% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,058K shares representing 2.98% ownership of the company. In its prior filing, the firm reported owning 4,033K shares , representing an increase of 0.63%. The firm decreased its portfolio allocation in ENPH by 1.10% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 3,335K shares representing 2.45% ownership of the company. In its prior filing, the firm reported owning 3,276K shares , representing an increase of 1.77%. The firm decreased its portfolio allocation in ENPH by 1.10% over the last quarter.
Geode Capital Management holds 3,131K shares representing 2.30% ownership of the company. In its prior filing, the firm reported owning 3,051K shares , representing an increase of 2.55%. The firm decreased its portfolio allocation in ENPH by 0.92% over the last quarter.
Enphase Energy Background Information
(This description is provided by the company.)
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries.
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