Enphase Energy a Mainstream Solar Pick

Enphase Once a bargain stock for alternative investors, Enphase Energy Inc. (NASDAQ: ENPH) has grown to become one of the most valuable solar stocks on the market. The company creates home energy solutions for consumers in the United States and abroad. It is expected to generate strong earnings growth in 2021, which could help to sustain the stock movement.

7 of the Biggest Mistakes People Make When Choosing a Financial Advisor Learn More

The company reported 2020 earnings last week with revenue of $774.4 million, a significant jump over the $624.3 million that was reported in the previous year. Adjusted earnings were reported at $1.37 per share. Both earnings and revenue beat the analyst consensus estimates.

The company’s strong performance is likely to continue. Earnings are expected to grow by at least 29% over the next year. President Joe Biden’s support for clean energy and promise to invest more in renewable infrastructure could benefit this company and its stock moving forward.

With an average target price of $225.59 and a high-end target price of $266.00, there’s still room for new investors to take advantage of the momentum behind this pick.

Key Data:

  • 1 Year Price Growth: 58%
  • YTD Price Growth: 69%
  • 3 Month Price Growth: 19%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

You May Also Like