Following Earnings, Enphase Energy Sees Key Performance Metric Soar To 97

Enphase Energy (ENPH) saw its IBD SmartSelect Composite Rating rise to 97 Wednesday, up from 88 the day before.


The revised score means Enphase Energy stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

Enphase Energy is now out of buy range after clearing the 70.46 buy point in a cup without handle.

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One weak spot is the company’s 45 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Enphase Energy’s Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

In Q4, the solar play firm reported 31% EPS growth. That means it’s now generated two straight quarters of rising EPS gains. Revenue growth increased 26%, up from -1% in the prior quarter. That marks two quarters of rising growth.

Enphase Energy holds the No. 3 rank among its peers in the Energy-Solar industry group. Daqo New Energy (DQ) is the No. 1-ranked stock within the group.


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