|Bid||0.00 x 1200|
|Ask||89.40 x 800|
|Day's Range||85.90 - 91.42|
|52 Week Range||32.42 - 91.42|
|Beta (3Y Monthly)||0.21|
|PE Ratio (TTM)||39.25|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||87.45|
Enphase Energy stock had a solid week, gaining more than 20%. Its recovery is notable after its ~25% correction since its all-time high late last month.
SolarEdge Technologies, Inc. (“SolarEdge”) (SEDG), a global leader in smart energy, announced today that it is extending its commercial offering to improve the scalability of DC optimization in large PV installations. The company is also upgrading its residential StorEdge® offering to enhance the flexibility and economics of solar storage systems. At Solar Power International, SolarEdge is previewing a new version of its 120kW three phase inverter with synergy technology that is designed to enable quick and easy installation and inventory management.
The Dow Jones Industrial Average tried to stay flat as stocks cooled slightly from bigger Fed-rate-cut-inspired gains in today's stock market.
Fiserv, DXC Technology, Canadian Solar, SolarEdge Technologies and Enphase Energy highlighted as Zacks Bull and Bear of the Day
Short-seller Citron Research noted that Generac Holdings could challenge solar microinverter makers Enphase Energy and SolarEdge's duopoly.
Momentum stocks don't usually offer attractive entry points, as the trend they establish continues for some time. So, any major reversal in trend could be a solid buying opportunity.
Enphase Energy has fallen almost 20% from its all-time high of $35.4. The stock is still sitting at a huge gain of approximately 500% this year.
Wood Mackenzie forecasts spot prices of solar modules to fall 40% in next five years. This should encourage investors to choose solar stocks like Canadian Solar (CSIQ) and Enphase Energy (ENPH).
Acting CEO of Solaredge Technologies Inc (30-Year Financial, Insider Trades) Zvi Lando (insider trades) sold 28,604 shares of SEDG on 08/26/2019 at an average price of $81.93 a share. Continue reading...