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 December 27, 2024, ENPH stock price declined to $72.10 with 756,070 million shares trading.

ENPH has a beta of 1.28, meaning it tends to be more sensitive to market movements. ENPH has a correlation of 0.06 to the broad based SPY ETF.

ENPH has a market cap of $9.74 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 $58.33.

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

ENPH has underperformed the market in the last year with a return of -47.5%, while the SPY ETF gained +26.3%. In the last 3 month period, ENPH fell short of the market, returning -36.5%, while SPY returned +4.1%. However, in the most recent 2 weeks ENPH has outperformed the stock market by returning -1.2%, while SPY returned -1.5%.

ENPH support price is $70.58 and resistance is $75.44 (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.