Mag 7 earnings continue as Alphabet (GOOGL) sells off after hours. The company's cloud services revenue did not meet expectations despite more than doubling year-over-year.
Wall Street was keeping a close and cautious eye on Enphase's outlook ahead of Tuesday's numbers, due to competition in U.S. and continued softness in the EU.
Enphase Energy (ENPH 3.66%), a leader in microinverter technology, released its earnings for the fourth quarter on Feb. 4. The company reported strong financial results, with non-GAAP earnings per share (EPS) of $0.94 significantly outpacing analyst estimates of $0.73.
Enphase Energy presents a contrarian buying opportunity with its stock price down 85% over 24 months, while still profitable and delivering substantial free cash flow. Valuation metrics are attractive, highlighted by forward estimated P/E ratios at historic lows. The balance sheet is conservative, with sufficient current assets to cover all liabilities, ensuring survival through the industry downturn.
In this video, Motley Fool contributors Jason Hall and Tyler Crowe make the case that Enphase Energy (ENPH 1.94%) stock is undervalued and investors should consider starting a position before it reports earnings on Feb. 4.
Enphase Energy (ENPH) closed at $62.05 in the latest trading session, marking a +1.94% move from the prior day.
ENPH's Q4 results are expected to reflect robust top-line performance, driven by new product launches as well as higher shipments of microinverters and batteries.
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.
The latest trading day saw Enphase Energy (ENPH) settling at $63.36, representing a -1.45% change from its previous close.
Recently, Zacks.com users have been paying close attention to Enphase Energy (ENPH). This makes it worthwhile to examine what the stock has in store.
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LOS ANGELES, CA / ACCESSWIRE / January 15, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Enphase Energy, Inc. ("Enphase" or "the Company") (NASDAQ:ENPH) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 25, 2023, and October 22, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before February 11, 2025.