Enphase Energy Jumps 7.1% After Janney Upgrades to Buy With Attractive Valuation and Positive Market Trends for 2023.

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ENPHASE ($NASDAQ:ENPH): T h i s n e w s h a s b e e n m e t w i t h e n t h u s i a s m f r o m i n v e s t o r s , c a u s i n g s h a r e s o f E n p h a s e E n e r g y t o i n c r e a s e 7 . E n p h a s e ‘ s m a r k e t o u t l o o k h a s a l s o b e e n b o l s t e r e d b y t h e c o m p a n y ‘ s d e d i c a t i o n t o i n n o v a t i o n a n d e x p a n s i o n . A d d i t i o n a l l y , t h e y a r e w o r k i n g o n a n e w h o m e e n e r g y s t o r a g e s y s t e m t h a t i s e x p e c t e d t o b e r e l e a s e d t h i s s u m m e r . T h e s e a d v a n c e m e n t s a r e s u r e t o p o s i t i o n t h e m f a v o r a b l y i n a n i n c r e a s i n g l y c o m p e t i t i v e e n e r g y m a r k e t.

Market Price

On Monday, ENPHASE ENERGY stocks opened at $205.5 and closed at $210.8, rising by 5.9% from the last closing price of $199.0. This jump came after Janney upgraded the stock to a buy rating. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Enphase Energy. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Enphase Energy. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Enphase Energy. More…

Key Ratios Snapshot

Some of the financial key ratios for Enphase Energy are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of Enphase Energy to assess their overall financial and business wellbeing. After a thorough assessment, we have come to the conclusion that Enphase Energy is a high risk investment. We identified three risk warnings within their income sheet, balance sheet, and cashflow statement. Some of the risk warnings that were highlighted by our analysis included potential levels of debt, weak income growth, and a lack of clear cash flow. If you’d like to learn more about these risks or want to know more about Enphase Energy’s financial standing, you can register on our website at goodwhale.com to access this information. More…

Peers

Founded in 2006, Enphase has shipped over 16 million microinverters, and has a presence in over 70 countries. Central Development Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the provision of power generation solutions. PT Sky Energy Indonesia Tbk is an Indonesia-based company primarily engaged in the development, manufacture, sale and installation of solar photovoltaic products. United Renewable Energy Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of solar cells and modules.

– Central Development Holdings Ltd ($SEHK:00475)

As of 2022, Central Development Holdings Ltd has a market cap of 244.17M and a Return on Equity of -16.31%. The company is involved in the development and operation of commercial, residential, and industrial properties in Hong Kong.

– PT Sky Energy Indonesia Tbk ($IDX:JSKY)

Sky Energy Indonesia Tbk is a leading Indonesian energy company with a focus on the exploration and production of oil and gas. The company has a market capitalization of $105.69 billion as of 2022 and a return on equity of -22.56%. Sky Energy Indonesia Tbk is involved in the exploration, development, and production of oil and gas in Indonesia. The company has a strong presence in the Indonesian energy sector and is one of the leading producers of oil and gas in the country.

– United Renewable Energy Co Ltd ($TWSE:3576)

As of 2022, United Renewable Energy Co Ltd has a market cap of 34.16B and a Return on Equity of 2.02%. The company is engaged in the business of renewable energy, including the development, design, manufacture, sale and installation of solar photovoltaic power generation systems, wind power generation systems, biomass power generation systems and other renewable energy power generation systems.

Summary

Enphase Energy (ENPH) has been performing strongly lately, with a 7.1% increase in stock price after Janney upgraded its rating to a Buy. This increase has been reflected in the market, with most media coverage of ENPH being positive. Investors are encouraged to consider this stock for its potential for growth in the near future, but should always do their own due diligence and research before investing.