Alert: Rating Downgrade (11/17/23)-Enphase Energy Inc (NASDAQ: ENPH).


Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Enphase Energy Inc (NASDAQ: ENPH) weakened during the last several trading days. ENPH’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.


Recent Price Action

Enphase Energy Inc (NASDAQ: ENPH) stock closed at $92.86 on 11/17/23 after a large increase of 2.4%. The stock has risen 22.9% during the last week but has been extremely weak relative to the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, ENPH is expected to continue to be a major Value Builder.

Enphase Energy has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Enphase Energy has a good Appreciation Score of 83 but a very low Power Rating of 1, resulting in the Negative Value Trend Rating.

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