ENPH
Renewable Energy Stock Slides Ahead of Q2 Report
Article Summary
HOLD- Enphase Energy Inc. (NASDAQ: ENPH) fell 3.1% after hitting its lowest level since mid-May and now trades at $38.34, down 21% for the quarter despite a price-target hike from Citigroup to $43, with analysts expecting earnings of 46 cents per share, up 33.3% year-over-year, on revenue of $290.91 million.
- The renewable-energy company has dropped six of its last eight post-earnings sessions, with short sellers retreating 12% during the past two reporting periods, while options traders have never been more bearish over the last 12 months.
- Analysts expect a 15.9% swing after Q2 results, similar to the average two-year two-month post- earnings shift of 15.2% for ENPH.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -1.6% | 25% | 0.0 ptsDeclining (-1.6%) - NOT a growth stock |
| EPS Growth Next 5Y ? | -3.1% | 25% | 0.0 ptsNegative (-3.1%) - Declining expectations |
| Target Price Upside ? | 23.0% | 20% | 70.0 ptsGood Upside (23.0%) - Target: $47.84 vs Current: $38.89 |
| Gross Margin % ? | 54.7% | 15% | 80.0 ptsVery Healthy (54.7%) - High-quality margins |
| Drawdown from 52-Wk High ? | -47.3% | 15% | 100.0 ptsDeep Discount (-47.3%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About ENPH
- Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally.
- The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.
- It also provides microinverter units and related accessories; IQ Battery and related accessories; IQ PowerPack 1500 and related accessories; IQ Combiner, IQ Gateway, and IQ Energy Router; cloud-based monitoring service; and electric vehicle charging solutions, as well as design, proposal, permitting, installation and solar appointment generation services, and Enphase Care services.
- The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store.
- Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.