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Will Enphase Energy to Surge Higher?

Zacks Equity Research
Canadian Solar's (CSIQ) PV project will boost its business in Brazil.

As of late, it has definitely been a great time to be an investor Enphase Energy, Inc. ENPH. The stock has moved higher by 44.4% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider ENPH’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as ENPH has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report
 
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