Enphase Energy, Inc. (ENPH) saw a big move last session, as the company’s shares fell nearly 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ENPH as the stock which was up around 16.2% from Dec 8 to Dec 31 period, started to decline thereafter.
Enphase Energy has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
ENPH currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Solar industry may consider better-ranked stock like JA Solar Holdings Co., Ltd. (JASO), which carries a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment