Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Enphase Energy Inc before investing.

In this article, we go over a few key elements for understanding Enphase Energy Inc’s stock price such as:

• Enphase Energy Inc’s current stock price and volume
• Why Enphase Energy Inc’s stock price changed recently
• Upgrades and downgrades for ENPH from analysts
• ENPH’s stock price momentum as measured by its relative strength

About Enphase Energy Inc (ENPH)

Before we jump into Enphase Energy Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Enphase Energy, Inc. is a global energy technology company. The Company designs, develops, manufactures and sell home energy solutions that manage energy generation, energy storage and control and communications on one intelligent platform. Its Enphase Energy System brings a high-technology, networked approach to solar generation plus energy storage, by leveraging its design across power electronics, semiconductors and cloud-based software technologies. Its integrated approach to energy solutions maximizes a home’s energy potential while providing advanced monitoring and remote maintenance capabilities. The Enphase Energy System uses a single technology platform for seamless management of the entire system, including IQ Microinverters, IQ Batteries, IQ EV Charger, and other hardware. It has a built-in system redundancy in both photovoltaic (PV) generation and energy storage. Its commercial systems have been deployed in more than 150 countries.

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Enphase Energy Inc’s Stock Price as of Market Close

As of September 09, 2024, 4:00 PM, CST, Enphase Energy Inc’s stock price was $103.04.

Enphase Energy Inc is down 5.16% from its previous closing price of $108.65.

During the last market session, Enphase Energy Inc’s stock traded between $107.95 and $113.65. Currently, there are 135.65 million shares of Enphase Energy Inc stock available for purchase.

Enphase Energy Inc’s price-earnings (P/E) ratio is currently at 120.1, which is high compared to the Renewable Energy Equipment & Services industry median of 24.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Enphase Energy Inc Stock Price History

Enphase Energy Inc’s (ENPH) price is currently down 14.87% so far this month.

During the month of September, Enphase Energy Inc’s stock price has reached a high of $119.28 and a low of $102.11.

Over the last year, Enphase Energy Inc has hit prices as high as $141.63 and as low as $73.49. Year to date, Enphase Energy Inc’s stock is down 61.11%.

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What Caused Enphase Energy Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 06, 2024, there were 2 analysts who downgraded Enphase Energy Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Enphase Energy Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Enphase Energy Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Enphase Energy Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Enphase Energy Inc (ENPH) by visiting AAII Stock Evaluator.

Relative Price Strength of Enphase Energy Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 06, 2024, Enphase Energy Inc has a weighted four-quarter relative price strength of -8.19%, which translates to a Momentum Score of 36 and is considered to be Weak.

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Enphase Energy Inc Stock Price: Bottom Line

As of September 9, 2024, Enphase Energy Inc’s stock price is $103.04, which is down 5.16% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Enphase Energy Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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