Enphase Energy Inc (NASDAQ: ENPH) has reported earnings for its second fiscal quarter (ending June 30) of $0.08 versus $1.15 for the same period a year ago — a decline of -93%. Relative to the consensus estimate of $0.48, this was a shortfall of $-0.40. For the latest four quarters through June 30, E.P.S. were $0.95 versus $4.21 for the same period a year ago — a decline of -77%.
Recent Price Action
Enphase Energy Inc (NASDAQ: ENPH) stock declined modestly by -1.1% on 7/23/24. The stock closed at $103.64. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months but has declined -8.3% 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Enphase Energy has a neutral Power Rating of 53 and a neutral Appreciation Score of 54, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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