Enphase Energy Inc. Stock
€102.04
Your prediction
Enphase Energy Inc. Stock
Pros and Cons of Enphase Energy Inc. in the next few years
Pros
Cons
Performance of Enphase Energy Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Enphase Energy Inc. | -0.490% | -9.609% | 0.059% | -50.643% | -15.757% | -18.125% | 1096.499% |
| First Solar Inc. | 1.330% | -4.767% | 19.107% | -18.131% | 4.584% | 144.946% | 206.206% |
| Sunrun Inc | -1.250% | -13.913% | 0.063% | -48.599% | -48.426% | -78.152% | -34.419% |
| Xinyi Solar Holdings Ltd | -4.390% | -11.701% | -10.143% | -37.727% | 25.144% | -53.857% | 29.622% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Enphase Energy, a prominent player in the renewable energy industry, has demonstrated a remarkable financial performance in recent years. Analyzing the company's financial statements reveals substantial growth in both revenues and profits, alongside a solid balance sheet. This suggests that Enphase Energy has effectively captured market opportunities in the expanding clean energy sector. However, diving deeper into their financials also unveils potential concerns that should be considered carefully.
Impressive Revenue Growth: Enphase Energy's total annual revenue has experienced a considerable rise, increasing from $774 million in 2020 to $1.38 billion in 2021, and reaching $2.33 billion by 2022. This robust growth is indicative of the company's strong product offerings and expanding market share.
Growing Net Income: The company's net income has also shown an impressive upward trend, advancing from $133 million in 2020 to $397 million in 2022. This signals that Enphase Energy is not only increasing its top-line revenue but is also able to effectively manage costs and achieve economies of scale.
