Previous Close | 136.29 |
Open | 137.87 |
Bid | 134.60 x 1000 |
Ask | 135.00 x 1100 |
Day's Range | 132.79 - 137.87 |
52 Week Range | 132.79 - 345.80 |
Volume | |
Avg. Volume | 1,587,970 |
Market Cap | 7.613B |
Beta (5Y Monthly) | 1.40 |
PE Ratio (TTM) | 25.93 |
EPS (TTM) | 5.19 |
Earnings Date | Nov 06, 2023 - Nov 10, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 286.44 |
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Enphase (ENPH) recently unveiled a new home energy system for the United Kingdom's solar market, powered by IQ Battery 5P and IQ8 Microinverters.
It's no secret that 2023 has been a brutal year for renewable energy stocks, especially the once-red-hot solar energy industry. The Invesco Solar ETF (NYSEMKT: TAN) rose 233.6% in 2020 while most of the stock market was floundering. After a follow-up jolt from the Inflation Reduction Act in 2022, it's been all downhill for solar stocks in 2023.
The solar energy industry has faced a tough year in 2023, with solar stocks experiencing a downward trend after an initial boost from the Inflation Reduction Act in 2022. The Invesco Solar ETF (Exchange: Ticker), which had seen an impressive rise of 233.6% in 2020, is down by over 25% year-to-date and has remained largely flat over the past three years. Yet, the solar industry's long-term growth potential remains robust, attracting investors to promising segments within the sector.