#5 - Enphase Energy (NASDAQ:ENPH)
Solar stocks zigged when they were supposed to zag last year. And if you were an investor in Enphase Energy Inc. (NASDAQ: ENPH), you know how painful it's been. ENPH stock is down 39.5% in the last 12 months, and that's after a 41% increase in the stock price in the last three months.
The issue was the company's guidance, which became prescient in its most recent quarter as revenue and earnings fell sharply year-over-year. However, the maker of solar-focused semiconductor-based home energy solutions continues to have a strong long-term story as the United States continues its transition to renewable energy.
Enphase is forecasting 87% earnings growth in the next 12 months. A reason to believe in that forecast is that the company has the highest margins in the industry. Lower interest rates could also be a potential catalyst. And the Enphase Energy analyst ratings on MarketBeat show a 16% upside for ENPH stock.
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.
Read More - Current Price
- $66.29
- Consensus Rating
- Hold
- Ratings Breakdown
- 14 Buy Ratings, 15 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $101.13 (52.6% Upside)
