| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 263.3MM | -13% |
| Gross Profit | 115.5MM | -21% |
| Cost Of Revenue | 147.8MM | -5% |
| Operating Income | -29.1MM | - |
| Operating Expenses | 144.6MM | -8% |
| Net Income | -16.1MM | -177% |
| R&D | 54.2MM | -2% |
| G&A | 35.2MM | +5% |
| Marketing | 53.3MM | -0% |
| Amortization | 5.9MM | -13% |
| Interest Expense | 2.2MM | -3% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
The worst is finally behind Enphase Energy stock, Barclays said in an upgrade of the shares Friday. Analyst Christine Cho upgraded her rating on Enphase which makes microinverter systems for solar panels, to Overweight from Equal Weight. Enphase stock has dropped 16% this year and 32% over the last 12 months.
Solid solar installations, along with the Inflation Reduction Act, should drive solar capacity growth in 2024, amid a weak outlook for residential installations. You may keep a watch on ENPH, NXT and CSIQ.
Enphase Energy, Tesla and Boeing are part of the Zacks Investment Ideas article.
The SMR Rating tries to look at what the company has done, is doing, and will probably continue to do.
Enphase Energy ( NASDAQ:ENPH ) First Quarter 2024 Results Key Financial Results Revenue: US$263.3m (down 64% from 1Q...
Shares of solar tech maker Enphase Energy (ENPH) are moving lower Wednesday after the company posted its first-quarter report, with its earnings of $0.35 per share missing expectations of $0.42. Despite the miss, the company claims that the worst is behind it and the demand for solar rooftops will bounce back. Similarly, SunPower's stock (SPWR) is also moving lower as the company announces layoffs, reducing efforts into residential direct sales. Yahoo Finance Anchors Josh Lipton and Julie Hyman...
Enphase stock is down 20% this year. Is the stock a buy right now?
Tesla stock surges after the electric-vehicle maker says its future car lineup would include ‘more affordable models,’ Humana slumps after stepping back from 2025 guidance, Boeing posts a narrower-than-expected loss, and AT&T’s earnings top expectations.
The maker of microinverters for solar panels says weaker demand contributed to the decline in revenue.
Stocks often bottom on poor news. Investors should focus on the reaction to the news instead of the news itself.