Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Enphase Energy Inc (NASDAQ: ENPH) weakened in recent days. ENPH’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Enphase Energy Inc (NASDAQ: ENPH) stock enjoyed a large increase of 3.4% on 10/25/24. The stock closed at $83.83. Moreover, trading volume in this advance was above average at 146% of normal. The stock has been weak relative to the market over the last nine months and has declined -8.5% 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Enphase Energy has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 32, and the Negative Value Trend Rating results.
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