Head-To-Head Analysis: Enphase Energy (ENPH) vs. Its Peers

Enphase Energy (NASDAQ: ENPH) is one of 11 public companies in the “Photovoltaic Solar Systems & Equipment” industry, but how does it compare to its rivals? We will compare Enphase Energy to related companies based on the strength of its institutional ownership, analyst recommendations, earnings, dividends, risk, profitability and valuation.

Institutional & Insider 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 is poised for long-term growth.

Earnings & Valuation

This table compares Enphase Energy and its rivals gross 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 rivals have higher revenue and earnings than Enphase Energy. Enphase Energy is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Enphase Energy and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Enphase Energy -18.66% -1,232.10% -25.05%
Enphase Energy Competitors -11.98% -119.78% -2.29%

Volatility & Risk

Enphase Energy has a beta of 1.15, suggesting that its share price is 15% more volatile than the S&P 500. Comparatively, Enphase Energy’s rivals have a beta of 1.50, suggesting that their average share price is 50% more volatile than the S&P 500.

Analyst Ratings

This is a summary of current ratings for Enphase Energy and its rivals, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Enphase Energy 0 3 2 0 2.40
Enphase Energy Competitors 175 582 854 56 2.47

Enphase Energy presently has a consensus price target of $1.56, indicating 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 rivals stronger consensus rating and higher possible upside, analysts clearly believe Enphase Energy has less favorable growth aspects than its rivals.

Summary

Enphase Energy rivals beat Enphase Energy on 12 of the 12 factors compared.

Enphase Energy Company Profile

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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