58.40 -0.03 (-0.05%)
After hours: 4:55PM EDT
Triple Moving Average Crossover
|Bid||58.19 x 1200|
|Ask||58.40 x 800|
|Day's Range||58.06 - 61.16|
|52 Week Range||14.56 - 70.36|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||35.03|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.00|
Enphase Energy, Inc. (ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, today announced that the Company is using its expertise in grid-forming inverters, based on Enphase Ensemble™ technology, to support the initiative at the University of Washington to develop control systems for unrestricted penetration of photovoltaic (PV) solar on the grid. Combined with approximately $1 million in grant funding from the Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE), Enphase will provide test platforms and invest approximately $420,000 over the project’s three-year timeline. Under the heading, A Scalable Control Architecture for 100% PV Penetration with Grid Forming Inverters, Enphase joins a team of industry partners and experts from the University of Washington to help solve one of the most important challenges to the proliferation of grid-attached distributed energy generation.
A bullish market tide has been lifting most risk assets of late. Yet shares of distressed Royal Caribbean (NYSE:RCL) have been left to drift in bearish technical waters. Now though and following earnings, is it time for investors to finally board RCL stock with an eye on calmer conditions ahead?Source: Laszlo Halasi / Shutterstock.com The novel coronavirus and ensuing Covid-19 pandemic have been challenging to say the least for cruise line operator Royal Caribbean. Not that it's alone. If misery loves company, Carnival (NYSE:CCL) and Norwegian Cruise Lines (NYSE:NCLH) are in the same boat. Still, operations have been remained shuttered since March. What's more, under RCL's current no-sail policy, its cruises aren't set to resume until the end of July and there's always the chance of further delays.Harmful industry publicity, as a handful of cruises were left to self-isolate on the high seas for weeks in March, roiled the shares. Then, difficult to navigate, socially distanced policies cast doubt on most vacationing, let alone on a ship in the middle of the ocean. Consequently, it should come as little surprise that the broader market's dazzling recovery hasn't proven nearly as rewarding for longer-term shareholders of Royal Caribbean.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite the stock enriching a few investors as it more than doubled in price from its absolute low on March 18, RCL remains underwater by nearly 70% year-to-date. Shares are also trading at stock prices first reached more than 20 years ago. Confidence BoostThe good news is Wednesday night's earnings release hints that Royal Caribbean's current stranding isn't likely to turn into a deeper and inescapable sinking.Reaction to RCL's report was good in Thursday's session. That's not to say heavy quarterly losses and dismal-sounding declines in sales weren't announced. They were. But investors are resting easier following some confidence-boosting clarity from management.Shares ended the session firmly higher by about 6.5% after being up more than 10%. A water-logged performance in the broader averages, as well as the weight of a couple market leaders like Netflix (NASDAQ:NFLX) and Enphase Energy (NASDAQ:ENPH), brought indexes below the water line. * 7 Excellent Penny Stocks Ready to Roar Highlights from the quarterly announcement included much-needed liquidity reassurances from management. Following a recent capital raise of more than $3.3 billion, the company stressed its ability to stay afloat for an entire year even if operations remain on hold. Further, access to additional funding is available, if required. That's certainly good news given Royal Caribbean's credit downgrade last week to a junk bond rating in the aftermath of tapping the debt markets.Lastly, RCL is seeing surprisingly strong new advanced organic bookings. And with management guiding expectations that reasonable load numbers of 30% to 50% should allow for an EBITA profit once operations are resumed, Thursday's bid has some good-looking supports behind it. RCL Stock Monthly Stock Chart Source: Charts by TradingViewOn the RCL price chart, investors electing to board the stock as an investment should be prepared for volatility. It's anticipated the latest information should have a calming effect on shares and increases the likelihood of a bottom being in place. Still, it should be appreciated Royal Caribbean's low is more than 50% beneath current prices. That could lead to substantial paper losses or worse, even if the low remains intact.Another problem is the company's ability to turn this quarter's massive loss into an eventual -- and steadier -- profit stream. Investors are obviously enjoying RCL's report. Still, operational uncertainties remain. Secondly, what if a second wave of Covid-19 hits, causing future cruise line shutdowns in its wake? It's the type of risk shareholders should be prepared to handle. Turnaround PositionWith those caveats out of the way, Royal Caribbean's climatic sell-off does lend itself to a stock positioned as a turnaround play. The provided monthly chart speaks for itself. But as with its peers, I'd recommend exposure using a limited risk options strategy to define and lessen risk relative to buying shares outright.Today's recommendation is to consider the purchase of a less-capital intensive, slightly out-of-the-money intermediate bull call spread. Currently, the September $45 / $50 or $50 / $55 call verticals are two which look reasonable given the circumstances.Bottomline, this type of strategy will require shares to continue rallying in order to allow for profits at expiration. But if RCL does move higher the benefits of leverage could also be huge compared to returns for shareholders. And defensively, investors don't have to worry about Royal Caribbean shares completely failing or sinking sufficiently and potentially causing much larger losses due to bad judgment during adverse volatility.Disclosure: Investment accounts under Christopher Tyler's management do not own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post How Getting Aboard Royal Caribbean Stock Makes Sense Following Earnings appeared first on InvestorPlace.
Shares of solar energy microinverter maker Enphase Energy (NASDAQ: ENPH) tumbled more than 10% in early trading Thursday before climbing back to about a 6.6% loss as of 1:45 p.m. EDT. The stock's slide followed a report Wednesday that investor research firm Institutional Shareholder Services EVA had downgraded Enphase rival SolarEdge Technologies (NASDAQ: SEDG) from buy to overweight. True, "solar stocks" sometimes trade in tandem, for example, when tariffs are raised or lowered on imported solar panels.
Shares are at an all-time high and trading at a historic premium. A stock-buyback program could be a terrible use of cash for the high-growth business.
Enphase Energy, Inc. (ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, today announced that Flywheel Development LLC has selected Enphase microinverters as the inverter technology of record for its portfolio of commercial solar projects. Based in Washington D.C., Flywheel Development is a leading sustainable development company active in real estate, sustainable design, solar development, and stormwater management infrastructure, with a focus on high-performance, net-zero buildings. Flywheel has standardized its portfolio of commercial and multi-unit dwelling solar projects on Enphase microinverters due to their high degree of design flexibility.
SunPower's (SPWR) first-quarter top line improves 10.4% year over year on higher sales of solar power systems, components and solar services.
First Solar (FSLR) reports an operating income of $1.65 million for the first quarter of 2020, primarily attributable to a significantly higher gross profit.
Shares of plant-based meat maker Beyond Meat (NASDAQ:BYND) popped in early May after the company reported strong first quarter numbers that broadly underscored that the global consumption pivot towards alternative meat remains robust, even amid the novel coronavirus pandemic. The company also scored a surprise profit in the quarter, which pleased investors.Source: calimedia / Shutterstock.com In sum, Beyond Meat's earnings were good enough to send BYND stock up 20% to its highest levels since February. Year to date, the stock is now up nearly 60%. To put that in perspective, the S&P 500 is down more than 10% in 2020.Is it time to fade the rally? Or will Beyond Meat keep outperforming?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI think it's the latter. And my thoughts are backed by four big reasons:* Beyond Meat's strong earnings emphasize that the plant-based meat growth narrative is only gaining momentum, and that the company is extending its leadership position in the market.* Gross margins are improving rapidly and dramatically, paving the path for huge profit potential at scale.* Certain catalysts, such as aggressive expansion in China and a rebound in the foodservice channel, could spark supercharged growth in the second-half of 2020.* The fundamentals imply that BYND stock can and will run above $300 within the decade (and maybe even higher). Beyond Meat's Strong EarningsBeyond Meat's first quarter earnings report was strong, and broadly underscored the long-term bull thesis underpinning BYND stock.In short, that long-term bull thesis is that an increasing number of socially and environmentally conscious consumers are increasingly choosing socially and environmentally positive products and services. Think electric cars and Tesla (NASDAQ:TSLA). Or clean energy and Enphase Energy (NASDAQ:ENPH). Or, yes, plant-based meat and Beyond Meat.By aligning itself with this massive consumption pivot, Beyond Meat has guaranteed itself rising demand for the foreseeable future. More than that, Beyond Meat is the "Tesla of plant-based meat" in that the company is the undisputed leader and face of the market. * 7 A-Rated REITs to Buy Now Beyond Meat's earnings underscored that all of this rings true today.Even amid a global economic shutdown, Beyond Meat's retail revenues rose 185% year-over-year, paced by 150% domestic growth and 100% international growth. Foodservice revenues rose 100%, too, despite many restaurants across the world closing their doors in March.In other words, Beyond Meat sustained red-hot growth, even at a time when consumer spending fell off a cliff. Further, Beyond Meat's market share in U.S. retail rose 770 basis points in the quarter, with Beyond accounting for the top four best-selling SKUs in the whole plant-based meat category and the company outpacing its closest competitor in terms of sales growth by a factor of roughly six-times.Zooming out, the long-term bull thesis remains intact. The plant-based meat growth narrative remains robust. Beyond Meat continues to dominate that market. So long as those two things remain true, BYND stock has a bright future. Improving MarginsArguably just as notable as Beyond Meat's sustained robust demand trends in the first quarter were Beyond Meat's soaring profit margins.Specifically, gross profit margins in the first quarter rose 12 points year-over-year and 5 points sequentially to nearly 39%. On a trailing twelve month basis, gross margins are now at 36%, up more than 200 basis points from where they were just three months ago.A 35%-plus gross margin for Beyond Meat is a big number. Most meat companies -- like Tyson (NYSE:TSN) -- operate around 11% to 12% gross margins, with around a 5% operating expense rate, for operating profit margins in the 5% range.Beyond Meat's gross margins are above 35%. It appears they are on track to hit 40% in the long run. If so, and if Beyond can leverage scale to drive its expense rate down to more normal near-10% levels, then you're talking about a company that could potentially operate at 25%-plus operating margins at scale -- or about five-fold that of Tyson.Big picture: thanks to huge and rising gross margins, Beyond Meat has huge profit production potential in the long run, more-so than has ever been seen before out of a meat company. Catalysts on the HorizonBeyond Meat has two huge catalysts on the horizon which could spark a growth surge in the back-half of 2020.First, the relatively depressed foodservice channel could rebound.McDonald's (NYSE:MCD) and Starbucks (NASDAQ:SBUX) are among a handful of restaurants which have hinted that retail food traffic trends have started to improve over the past few weeks, after a disastrous drop-off in March. Traffic trends will continue to improve in May and throughout the summer, as economies across the globe gradually re-open and consumers regain confidence. As that happens, Beyond Meat's foodservice business will rebound in the second quarter, and once again turn into a growth engine by the second-half of 2020.Second, Beyond Meat could start to see explosive growth in China.The company is going to launch Beyond Beef items at Starbucks locations in China soon. Beyond Meat has also finalized a distribution agreement with a leading local distributor in China, Sinodis, which should "unlock a network of distribution opportunities across retail and foodservice," according to management. To assist those expansion efforts, Beyond has created branded Weibo (NASDAQ:WB) and WeChat accounts in order to engage with the Chinese consumer through the all-important digital media channel.Big picture: Beyond Meat is putting all the pieces in place today, for explosive Chinese market growth tomorrow. Big Upside for BYND StockMy numbers continue to suggest that BYND stock has big upside potential in the long run.Given that Beyond Meat is weathering the coronavirus storm with impressive resiliency and that plant-based meat demand trends remain robust, I haven't made any adjustments to my long-term revenue model for Beyond Meat. That model continues to assume $7.5 billion in sales for the company by 2030, based on a $1.5 trillion global meats market, a $150 billion plant-based meat market (10% penetration) and 5% market share for Beyond.I have, however, made upward adjustments to my margin estimates. I previously believed Beyond Meat to be a 35% gross margin player at scale. Those estimates now seem antiquated, with gross margins already above 35% on less than $100 million in sales. Increased scale and sustained demand will drive gross margins higher over time. I now estimate that gross margins will settle around 40% by 2030.Assuming so, my 2030 earnings-per-share estimate for Beyond Meat has been raised to $16.50, from $15 prior. Based on a consumer staples sector-average 20-times forward multiple, that implies a new long-term price target for BYND stock of $330. The Bottom Line on Beyond MeatBeyond Meat's earnings were good, and broadly underscore that this company is a long-term winner. In the stock market, the key with long-term winners is to own them when the price is right.Today, the price on BYND stock is right. If you discount back the 2030 $300 price target back by 10% per year, you arrive at a 2020 price target for BYND stock of $140. Thus, I say stick with the 2020 rally in BYND stock up to $140, implying another 20% or so upside from current levels.Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been rated one of the world's top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. As of this writing, he was long BYND and TSLA. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Beyond Meat Stock Will Reach $300 Sooner Than You Think appeared first on InvestorPlace.
Solid results, a modest but not terrible forecast for the second quarter, and a likely squeeze on short-sellers has the stock surging higher.
FREMONT, Calif., May 05, 2020 -- Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, announced.
Alternative energy companies are leading the downward plunge today, with shares of hydrogen fuel cell star FuelCell Energy (NASDAQ: FCEL) down 5% at the 3:45 p.m. EDT minute mark (and down 13% earlier in the day). Shares of solar inverter-maker Enphase Energy (NASDAQ: ENPH) are off, as well -- down 7.8%. After all, oil prices are up, with barrels of WTI crude nearly 5% more dear today than they were yesterday.
Small cap stocks are listed companies that have market capitalizations typically ranging from $300 million to $2 billion. Since the share prices of these companies can have big fluctuations over a short period of time, companies with market caps of up to $10 billion are also found in the small cap universe.
Enphase Energy's (ENPH) Q1 results are expected to reflect increased manufacturing capacity of its microinverter in Mexico and Encharge battery capacity in China
The solar energy technology company has been strongly growing sales and expanding its product offerings, but does the outlook justify today's price?
‘S-HERTOGENBOSCH, the Netherlands, April 29, 2020 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (ENPH), the world's leading supplier of solar microinverters, today announced it has teamed-up with Sunlogics, a full-service residential solar installer that delivers custom-made solar solutions to customers in Belgium. Sunlogics, with headquarters in Dilsen-Stokkem, Belgium has installed more than 30MW of residential solar, enough to power ten thousand families in Limburg, Antwerp and Brabant. The company has chosen Enphase as its exclusive microinverter supplier using Enphase IQ 7™ and IQ 7+™ microinverters for the SunPower® P-Series modules.
What happened Shares of Enphase Energy (NASDAQ: ENPH) have popped today, up by 17% as of 1 p.m. EDT, after S&P Dow Jones Indices announced that it would be adding the company to the S&P MidCap 400 index.
Enphase Energy (ENPH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.