Enphase Energy Inc (NASDAQ: ENPH) stock suffered a major decline of -16.8% on 11/6/24. The shares closed at $74.81. Moreover, trading volume in this decline was exceptionally high at 452% of normal. Relative to the market the stock has been weak over the last nine months and has declined -9.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Enphase Energy has a neutral Appreciation Score of 46 but a poor Power Rating of 29, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment