How to buy Enphase Energy shares

Enphase Energy, Inc is a solar business with stocks listed in the US. Enphase Energy shares (ENPH) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was US$167.37 – a decrease of 11.79% over the previous week. Here's how to invest if you're based in Australia.

How to buy shares in Enphase Energy

1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
3. Search for Enphase Energy. Find the share by name or ticker symbol: ENPH. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Enphase Energy reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of US$167.37, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Enphase Energy, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Enphase Energy. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Is it a good time to buy Enphase Energy stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Is Enphase Energy under- or over-valued?

Valuing Enphase Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Enphase Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Enphase Energy's P/E ratio

Enphase Energy's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 182x. In other words, Enphase Energy shares trade at around 182x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Enphase Energy's PEG ratio

Enphase Energy's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.02. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Enphase Energy's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Enphase Energy's EBITDA

Enphase Energy's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$202.4 million (£0.0 million).

The EBITDA is a measure of a Enphase Energy's overall financial performance and is widely used to measure a its profitability.

Shorting Enphase Energy shares

There are currently 6.0 million Enphase Energy shares held short by investors – that's known as Enphase Energy's "short interest". This figure is 4% down from 6.2 million last month.

There are a few different ways that this level of interest in shorting Enphase Energy shares can be evaluated.

Enphase Energy's "short interest ratio" (SIR)

Enphase Energy's "short interest ratio" (SIR) is the quantity of Enphase Energy shares currently shorted divided by the average quantity of Enphase Energy shares traded daily (recently around 3.1 million). Enphase Energy's SIR currently stands at 1.92. In other words for every 100,000 Enphase Energy shares traded daily on the market, roughly 1920 shares are currently held short.

However Enphase Energy's short interest can also be evaluated against the total number of Enphase Energy shares, or, against the total number of tradable Enphase Energy shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Enphase Energy's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Enphase Energy shares in existence, roughly 50 shares are currently held short) or 0.0544% of the tradable shares (for every 100,000 tradable Enphase Energy shares, roughly 54 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Enphase Energy.

Find out more about how you can short Enphase Energy stock.

Enphase Energy share dividends

We're not expecting Enphase Energy to pay a dividend over the next 12 months.

Enphase Energy share price volatility

Over the last 12 months, Enphase Energy's shares have ranged in value from as little as US$21.49 up to US$222.43. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Enphase Energy's is 1.2396. This would suggest that Enphase Energy's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Enphase Energy overview

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as directly the do-it-yourself market through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

Frequently asked questions

• What percentage of Enphase Energy is owned by insiders or institutions?

  Currently 8.802% of Enphase Energy shares are held by insiders and 77.623% by institutions.

• When does the fiscal year end for Enphase Energy?

  Enphase Energy's fiscal year ends in December.

• Where is Enphase Energy based?

  Enphase Energy's address is: 47281 Bayside Parkway, Fremont, CA, United States, 94538

• What is Enphase Energy's ISIN number?

  Enphase Energy's international securities identification number is: US29355A1079

• What is Enphase Energy's CUSIP number?

  Enphase Energy's Committee on Uniform Securities Identification Procedures number is: 29355A107