ENPH Stock Summary and Trading Ideas (Enphase Energy | NASDAQ:ENPH)

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

Enphase Energy trades on the NASDAQ stock market under the symbol ENPH.

As of November 15, 2024, ENPH stock price declined to $59.52 with 6,019,928 million shares trading.

ENPH has a beta of 1.65, meaning it tends to be more sensitive to market movements. ENPH has a correlation of 0.08 to the broad based SPY ETF.

ENPH has a market cap of $8.04 billion. This is considered a Mid Cap stock.

Last quarter Enphase Energy reported $381 million in Revenue and $.65 earnings per share. This fell short of revenue expectation by $-11 million and missed earnings estimates by -$.12.

In the last 3 years, ENPH traded as high as $339.92 and as low as $59.12.

The top ETF exchange traded funds that ENPH belongs to (by Net Assets): VTI, VOO, VO, VUG, VGT.

ENPH has underperformed the market in the last year with a price return of -35.9% while the SPY ETF gained +31.8%. ENPH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -49.2% and -28.8%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

ENPH support price is $60.95 and resistance is $66.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ENPH shares will trade within this expected range on the day.