For its third fiscal quarter (ending September 30), Enphase Energy Inc (NASDAQ: ENPH) has reported E.P.S. of $0.34 compared to $0.84 a year ago. For the latest four quarters through September 30, E.P.S. were $0.45 compared to $4.19 a year ago.
Recent Price Action
Enphase Energy Inc (NASDAQ: ENPH) stock enjoyed a large increase of 2.0% on 10/22/24. The stock closed at $92.23. Moreover, this advance was accompanied by exceptionally high trading volume at 260% of normal. The stock has declined -9.1% during the last week and has been weak relative to the market over the last nine months.
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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Enphase Energy has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 35, and the Low Neutral Value Trend Rating results.
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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