The renewable energy stock remains a risky bet.
One company has struggled to deliver profits for investors, while the other two have much better track records.
ENPH stock is rated an 88% Sell with a strongest short term outlook on maintaining the current direction.
There may finally be a light at the end of the tunnel for Enphase Energy.
Enphase stock is down 20% this year. Is the stock a buy right now?
June Nasdaq 100 E-Mini futures (NQM24) are trending up +0.53% this morning as Tesla surged on new EV promises and investors looked ahead to the next round of corporate earnings.
ENPH earnings call for the period ending March 31, 2024.
Investments in green energy are booming, but alternative energy stocks like ENPH and PLUG are underperforming significantly. However, analysts have no problems choosing a favorite.
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