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).
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ENPHASE ENERGY (ENPH): Free Stock Analysis Report
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Enphase Energy (ENPH) in Focus: Stock Plunges 11.6% - Tale of the Tape
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