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Technology Stocks ENPH - Enphase, world's leading solar microinverter player
To: Sultan who wrote ( 247) 2/9/2021 4:29:15 PM From: The Ox I have to question the valuation at over 16x next year's sales and a 100+PE on next years EPS estimates. Great company, performing wonderfully and in the sweet spot of the solar/power/home revolution. $215 is too rich to this observer but I hope it keeps going up<g>... Recommend Keep Reply Mark as Last Read Read Replies (1)
To: The Ox who wrote ( 248) 2/9/2021 4:47:51 PM From: Sultan The valuation in a lot of names have detached.. Hell, I sold ENPH when it was around $ 100.. But thankfully, kept some but yes, that is always a concern if the story changes at these levels but for now, they are executing very well so let's see.. Recommend Keep Reply Mark as Last Read
From: Sultan 2/10/2021 1:33:59 AM $ 245 JPM: Maintain Overweight - ENPH is trading at ~62x our revised FY22E PF EPS, a slight premium to projected EPS growth. While the multiple is elevated, we believe that risk/reward remains favorable. - ENPH is one of the few solar stocks that is consistently profitable, generates cash, and has a solid balance sheet. We believe that further penetration of the global solar market and growth from expansion into new verticals should allow the stock to outperform our coverage over time. Note: As posted on a discussion thread.. Can't vouch for it's accuracy.. Recommend Keep Reply Mark as Last Read
From: Sultan 2/10/2021 11:44:07 AM Analyst Actions --Analyst Actions: Barclays Adjusts Price Target on Enphase Energy to $256 From $233, Maintains Overweight Rating --Analyst Actions: Oppenheimer Adjusts Enphase Energy PT to $225 From $116, Maintains Outperform Rating --Analyst Actions: JP Morgan Adjusts Price Target for Enphase Energy to $245 From $230, Maintains Overweight Rating --Analyst Actions: Roth Capital Adjusts Enphase Energy's Price Target to $260 From $220, Reiterates Buy Rating --Analyst Actions: Goldman Sachs Adjusts Enphase Energy's Price Target to $266 From $232, Reiterates Buy Rating Recommend Keep Reply Mark as Last Read