On 10/23/24, Enphase Energy Inc (NASDAQ: ENPH) stock suffered a major decline of -14.9%, closing at $78.47. Moreover, exceptionally high trading volume at 684% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -14.7% 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 (Low 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 56 and a slightly negative Power Rating of 35, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative 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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