Enphase Energy Inc (NASDAQ: ENPH) stock enjoyed a major increase of 12.8% on 7/24/24. The shares closed at $116.91. Moreover, trading volume in this advance was exceptionally high at 344% of normal. Relative to the market the stock has been strong over the last nine months and has risen 0.6% during the last week.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Enphase Energy has a neutral Power Rating of 53 and a neutral Appreciation Score of 54, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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