Enphase Energy traded at $49.69 this Monday May 18th, decreasing $3.20 or 6.05 percent since the previous trading session. Looking back, over the last four weeks, Enphase Energy lost 46.66 percent. Over the last 12 months, its price rose by 1.87 percent. Looking ahead, we forecast Enphase Energy to be priced at 51.83 by the end of this quarter and at 48.76 in one year, according to Trading Economics global macro models projections and analysts expectations.
Enphase Energy, Inc. is an energy technology company. The Company designs, develops, manufactures, and sells home energy solutions that manages energy generation, energy storage and control, and communications on one platform. Its semiconductor-based microinverter converts energy at the individual solar module level and, combined with its networking and software technologies that provides advanced energy monitoring and control. The Company's Enphase Home Energy Solution with IQ platform, which is an integrated solar, storage and energy management offering, uses a single technology platform for managing the whole solution, enabling rapid commissioning with the Installer Toolkit; consumption monitoring with its Envoy Communications Gateway with IQ Combiner+, Enphase Enlighten, a cloud-based energy management platform, and its Enphase AC Battery. System owners can use Enphase Enlighten to monitor their home’s solar generation, energy storage and consumption from any Web-enabled device.