(VIANEWS) – Shares of Enphase Energy (NASDAQ: ENPH) dropped 8.39% to $264.08 at 10:27 EST on Wednesday, after two sequential sessions in a row of gains. NASDAQ is falling 1.81% to $10,973.69, after two sequential sessions in a row of gains. This seems, at the moment, an all-around bearish trend exchanging session today.
Enphase Energy’s last close was $288.25, 11.26% below its 52-week high of $324.84.
Is Enphase Energy Stock a Good Investment?
If you are looking to invest in a stock, you should first consider the company’s fundamentals. The company’s earnings and sales have a direct bearing on its value. Other important considerations include the company’s risks, warnings, and insider trading.
First, you should know that Enphase Energy’s stock is expensive. However, this doesn’t mean that you should shy away from investing in it. The company has been growing rapidly in recent years, and it may be a good time to add to your portfolio. However, if you want to get the most out of your investment, you should carefully evaluate your risk tolerance and financial situation.
Enphase Energy is one of the largest names in the solar industry in the US. It is listed on the NASDAQ and is traded in US dollars. It has about 2,260 employees and trailing 12-month revenue of around $1.7 billion. In order to invest in the company’s stock, you will need to open a brokerage account, confirm your payment details, and fund it. Then, do some research on the company.
Enphase has a very strong balance sheet. The company is in a good position to handle any unforeseen costs. While margin erosion is an ongoing concern for solar component manufacturers, it has good cost controls and has announced a plan to buy back its shares in 2021. Enphase’s price-to-earnings ratio (P/E) is over 158, and its forward P/E is almost 40.
About Enphase Energy
Enphase Energy, Inc., along with its subsidiaries, design, develop, manufacture, and market home energy solutions to the solar photovoltaic sector in the United States. It offers a semiconductor-based microinverter that converts solar energy to individual modules. The software is combined with proprietary networking and software technology to offer energy control and monitoring services. The company also sells AC battery storage, Envoy communication gateway and Enlighten cloud-based monitor service. It sells solutions directly to homeowners and solar distributors. Enphase Energy, Inc., was founded in 2006 in Fremont, California.
Earnings Per Share
As for profitability, Enphase Energy has a trailing twelve months EPS of $0.67.
Enphase Energy has a trailing twelve months price to earnings ratio of 392.39. Meaning,
the purchaser of the share is investing $392.39 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 39.25%.
Yearly Top and Bottom Value
Enphase Energy’s stock is valued at $264.08 at 10:39 EST, way under its 52-week high of $324.84 and way above its 52-week low of $113.40.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 71.7% and 49.3%, respectively.
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