Enphase Energy Inc (NASDAQ: ENPH) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Enphase Energy Inc (NASDAQ: ENPH) suffers from marginal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ENPH is expected to continue to be a major Value Builder.
Enphase Energy has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Enphase Energy has a neutral Appreciation Score of 51 and a slightly positive Power Rating of 61, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 6/21/24, Enphase Energy Inc (NASDAQ: ENPH) stock declined modestly by -1.8%, closing at $106.67. Moreover, this decline was accompanied by above average trading volume at 141% of normal. Relative to the market the stock has been strong over the last nine months but has declined -20.7% during the last week.
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