Enphase Energy Inc (NASDAQ: ENPH) stock closed at $120.22 on 12/14/23 after a major increase of 11.7%. Moreover, this advance was accompanied by exceptionally high trading volume at 261% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 12.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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 very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Enphase Energy has a good Appreciation Score of 79 but a very low Power Rating of 1, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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