Market Movers

Enphase Energy, Inc.’s Stock Price Soars to $128.90, Registering a Significant 5.25% Increase

By February 13, 2024 No Comments

Enphase Energy, Inc. (ENPH)

128.90 USD +6.43 (+5.25%) Volume: 6.73M

Enphase Energy, Inc.’s stock price stands robust at 128.90 USD, witnessing a promising surge of +5.25% in the current trading session with a significant trading volume of 6.73M. Despite a slight dip of -2.45% YTD, ENPH’s market performance continues to attract investor attention in the clean energy sector.

Latest developments on Enphase Energy, Inc.

Enphase Energy Inc. (NASDAQ:ENPH) has been a topic of discussion amongst investors and analysts alike, with Jim Cramer suggesting that the stock has hit bottom and it’s not too late to buy. Despite lowered expectations for the company after its latest results, the renewable energy stock jumped 22.1% this week. Various brokers have advised investing in the company, with Prime Capital Investment Advisors LLC recently acquiring 12,975 shares. However, caution is advised as new risks have been identified for the stock. Enphase Energy‘s financial reports have also been under scrutiny, unveiling what’s behind the numbers.

A look at Enphase Energy, Inc. Smart Scores


Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Enphase Energy Inc. has received an overall positive outlook according to the Smartkarma Smart Scores. These scores, which range from 1 to 5, take into account various factors such as value, dividend, growth, resilience, and momentum. With a score of 5 for growth, it is clear that Enphase Energy is positioned for long-term success in the solar power industry. Their solutions are designed to increase productivity and reliability of solar modules, making them a valuable player in the market.

In addition to their impressive growth score, Enphase Energy also scored a 4 for resilience and a 3 for momentum. This indicates that the company has a strong foundation and is gaining momentum in the market. While their value score may be lower at a 2, their overall outlook is still positive thanks to their high scores in other areas. Enphase Energy may not be a top choice for those seeking dividends, with a score of 1 in that category, but their focus on growth and resilience make them a promising company for long-term investment.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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