(VIANEWS) – Shares of Enphase Energy (NASDAQ: ENPH) dropped by a staggering 27.67% in 21 sessions from $224.26 at 2023-04-19, to $162.21 at 14:52 EST on Thursday, following the last session’s upward trend. NASDAQ is rising 0.62% to $12,578.01, following the last session’s upward trend.
Enphase Energy’s last close was $163.73, 51.83% under its 52-week high of $339.92.
About Enphase Energy
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also provides microinverter units and related accessories, an IQ gateway; IQ batteries; the cloud-based Enlighten monitoring service; storage solutions; and electric vehicle charging solutions; and design, proposal, permitting, and lead generation services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.
Earnings Per Share
As for profitability, Enphase Energy has a trailing twelve months EPS of $3.43.
PE Ratio
Enphase Energy has a trailing twelve months price to earnings ratio of 47.29. Meaning, the purchaser of the share is investing $47.29 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 75.69%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Enphase Energy’s EBITDA is 11.37.
Moving Average
Enphase Energy’s worth is way under its 50-day moving average of $195.85 and way under its 200-day moving average of $253.65.
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