Ben Kortlang - Enphase Energy Independent Director

ENPH Stock  USD 113.85  1.92  1.72%   

Director

Mr. Benjamin Kortlang is Independent Director of Enphase Energy Inc., since May 2010. Since February 2008, Mr. Kortlang was a Partner with Kleiner Perkins Caufield Byers, a VC firm. From July 2000 to January 2008, Mr. Kortlang worked with Goldman, Sachs Co., most recently coheading Goldmans Alternative Energy Investing business. From June 2005 to February 2008, Mr. Kortlang was a Vice President within Goldmans Special Situations Group, before which he was a Vice President in Goldmans investment banking group focusing on Industrials and Natural Resources. From January 1996 to August 1998, Mr. Kortlang was an Associate with A.T. Kearney, Inc. where he focused on strategic and operations consulting in the energy, manufacturing, packaging, transportation and communications industries. From February 1993 to July 1994, Mr. Kortlang was a Business Analyst at National Australia Bank in strategic planning and macroeconomic forecasting. Mr. Kortlang holds a bachelor of business degree in economics and finance from Royal Melbourne Institute of Technology, a bachelor of commerce and an honors degree in econometrics from University of Melbourne and a master of business administration degree from the University of Michigan. As a VCist, Mr. Kortlangs focus on growthstage investing in alternative energy technologies provides a valuable industry perspective to our Board. Mr. Kortlangs investing and business experience also provide our Board with a valuable perspective on building alternative energy businesses. since 2010.
Age 38
Tenure 14 years
Address 47281 Bayside Parkway, Fremont, CA, United States, 94538
Phone707 774 7000
Webhttps://www.enphase.com

Enphase Energy Management Efficiency

The company has return on total asset (ROA) of 0.0503 % which means that it generated a profit of $0.0503 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2916 %, meaning that it created $0.2916 on every $100 dollars invested by stockholders. Enphase Energy's management efficiency ratios could be used to measure how well Enphase Energy manages its routine affairs as well as how well it operates its assets and liabilities. The Enphase Energy's current Return On Tangible Assets is estimated to increase to 0.15. The Enphase Energy's current Return On Capital Employed is estimated to increase to 0.16. As of now, Enphase Energy's Total Current Assets are increasing as compared to previous years. The Enphase Energy's current Other Assets is estimated to increase to about 383.2 M, while Non Currrent Assets Other are projected to decrease to under 11.2 M.
The company currently holds 1.3 B in liabilities with Debt to Equity (D/E) ratio of 2.15, implying the company greatly relies on financing operations through barrowing. Enphase Energy has a current ratio of 3.53, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Enphase Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Enphase Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enphase Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enphase to invest in growth at high rates of return. When we think about Enphase Energy's use of debt, we should always consider it together with cash and equity.

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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. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California. Enphase Energy operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 2260 people. Enphase Energy (ENPH) is traded on NASDAQ Exchange in USA. It is located in 47281 Bayside Parkway, Fremont, CA, United States, 94538 and employs 3,157 people. Enphase Energy is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification.

Management Performance

Enphase Energy Leadership Team

Elected by the shareholders, the Enphase Energy's board of directors comprises two types of representatives: Enphase Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enphase. The board's role is to monitor Enphase Energy's management team and ensure that shareholders' interests are well served. Enphase Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Enphase Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Badrinarayanan Kothandaraman, CEO President
Jeff McNeil, COO, Vice President
Ben Kortlang, Independent Director
Ron Swenson, Vice Operations
Mike Lewis, Vice President General Manager - U.S. and Canada sales
John Weber, Director
Mandy Yang, Chief Accounting Officer, Vice President Corporate Treasurer and Head of Corporate Tax
Karen Sagot, Head Relations
Humberto Garcia, Co-CEO, Vice President CFO, Principal Financial and Accounting Officer
Richard Mora, Director
Raghuveer Belur, CoFounder Officer
Sunil Thamaran, Senior Officer
Thurman Rodgers, Director
Jeffrey McNeil, Chief Advisor
Lisan Hung, General VP
Zachary Freedman, Head Relations
Eric Branderiz, CFO, Principal Financial and Accounting Officer, Vice President
Steven Gomo, Independent Director
Martin Fornage, CoFounder
Neal Dempsey, Independent Director
Paul Nahi, CEO and President and Director
Jameson McJunkin, Independent Director
Robert Schwartz, Independent Director
Kris Sennesael, CFO, Principal Accounting Officer and VP
Bert Garcia, Vice President CFO, Principal Financial and Accounting Officer
Benjamin Kortlang, Independent Director
Hans Antwerpen, VP Officer
David Ranhoff, Vice President and Chief Commercial Officer
Adam CFA, MA Relations
Alan Russell, Vice Biologics

Enphase Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Enphase Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Enphase Energy Investors Sentiment

The influence of Enphase Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enphase. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Enphase Energy's public news can be used to forecast risks associated with an investment in Enphase. The trend in average sentiment can be used to explain how an investor holding Enphase can time the market purely based on public headlines and social activities around Enphase Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Enphase Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enphase Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Enphase Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Enphase Energy.

Enphase Energy Implied Volatility

    
  82.14  
Enphase Energy's implied volatility exposes the market's sentiment of Enphase Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Enphase Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Enphase Energy stock will not fluctuate a lot when Enphase Energy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enphase Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enphase Energy's short interest history, or implied volatility extrapolated from Enphase Energy options trading.

Pair Trading with Enphase Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enphase Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enphase Energy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Enphase Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enphase Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enphase Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enphase Energy to buy it.
The correlation of Enphase Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enphase Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enphase Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enphase Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Enphase Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enphase Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enphase Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enphase Energy Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enphase Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running Enphase Energy's price analysis, check to measure Enphase Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enphase Energy is operating at the current time. Most of Enphase Energy's value examination focuses on studying past and present price action to predict the probability of Enphase Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enphase Energy's price. Additionally, you may evaluate how the addition of Enphase Energy to your portfolios can decrease your overall portfolio volatility.
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Is Enphase Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enphase Energy. If investors know Enphase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enphase Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.87)
Earnings Share
1.94
Revenue Per Share
13.425
Quarterly Revenue Growth
(0.64)
Return On Assets
0.0503
The market value of Enphase Energy is measured differently than its book value, which is the value of Enphase that is recorded on the company's balance sheet. Investors also form their own opinion of Enphase Energy's value that differs from its market value or its book value, called intrinsic value, which is Enphase Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enphase Energy's market value can be influenced by many factors that don't directly affect Enphase Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enphase Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enphase Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enphase Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.