NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Enphase Energy, Inc. ("Enphase" or the "Company") (NASDAQ: ENPH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether ENPH and certain of its officers a ...

FREMONT, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced initial shipments of its most powerful home battery to-date, the IQ® Battery 5P, for customers in India. Enphase announced pre-orders of IQ Battery 5Ps in September 2024. India’s power grid faces frequent challenges, with outages disrupting numerous households daily. The IQ Battery 5P deli ...

The latest trading session saw Enphase Energy (ENPH) ending at $74.23, denoting a -0.3% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.82% for the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 1.77%.The the stock of solar technology company has risen by 23.9% in the past month, leading the Oils-Energy sector's loss of 2.1% and the S&P 500's gain of 0.8%.Market participants will be closely following the financial results of Enph ...

Certain Wall Street analysts expect these stocks to soar by more than 40% over the next 12 months.In this video, I will discuss two undervalued growth stocks worth buying despite some short-term uncertainty. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 19, 2024. The video was published on Nov. 19, 2024. ...

Trump's election has caused renewable and electric vehicle (EV) stocks to crash. But these industry leaders could be bargains.The election of Donald Trump on Nov. 5 has already led to investors anticipating which stocks might win or lose over the next four years.One immediate casualty has been clean energy stocks. With a Trump White House and a likely Republican House and Senate, investors fear a repeal of clean energy incentives put in place by the Biden administration's Inflation Reduction Act (IRA).Add i ...

Core Viewpoint - Enphase Energy Inc. has introduced a new AI-powered DIY permitting feature in its Solargraf software, which can reduce solar permit plan creation time by up to 95% [1][2]. Group 1: Product and Innovation - The DIY permit plan feature enhances the Solargraf platform, making it a comprehensive solution for solar and battery system design, proposal generation, and permitting [2]. - This feature is expected to improve installer productivity and reduce costs by streamlining workflows [2]. Group 2: Stock Performance - Enphase Energy's stock has declined by 51.9% year-to-date, underperforming the Zacks Solar industry's decline of 41.3% and the S&P 500's increase of 26% [4]. - Other industry players, such as Emeren Group, Sunrun, and SolarEdge Technologies, have also experienced significant stock declines, with losses of 30.1%, 44.4%, and 86.3% respectively [5]. Group 3: Financial Performance - The company's third-quarter revenues fell by 30.9% year-over-year, primarily due to a 56% drop in microinverter shipments [8]. - The Zacks Consensus Estimate for fourth-quarter 2024 revenues and earnings indicates improvements of 24.7% and 35.2% respectively compared to the prior year [10]. Group 4: Market Conditions - Enphase Energy has faced challenges due to a sluggish demand environment in the U.S. and Europe, impacting product sales and operational results [7]. - Recent improvements in demand have been noted, but the overall impact is expected to persist in the near term [9]. Group 5: Earnings Estimates - The consensus estimates for 2024 show a disappointing outlook, with a projected revenue decline of 41.89% for the current year, but a growth estimate of 29.71% for 2025 [12]. - The long-term earnings growth rate consensus is 9.7%, indicating potential recovery in the coming years [11]. Group 6: Valuation - Enphase Energy's forward 12-month price-to-earnings (P/E) ratio is 17.77X, which is higher than the peer group average of 15.57X, suggesting a premium valuation [15].

After the United States presidential election results were released for the entire market to see, certain stocks behaved in ways that let all investors know where the next opportunity set might be. While the bulk of the bullish price action centered around the industrial and manufacturing sectors, other stocks experienced sharp sell-offs. These sell-offs might seem like an undeniable opportunity today, such as those in the renewable energy sector, solar stocks to be specific. However, investors should still ...

FREMONT, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today a new do-it-yourself (DIY) permit plan feature on Solargraf®, its cloud-based design, proposal, and permitting software platform for solar installers in the United States. The DIY permitting feature uses artificial intelligence and machine learning to automate the complex solar and battery ...

Solar Industry Impact - Solar stocks including First Solar (FSLR), Enphase Energy (ENPH), SunRun (RUN), Plug Power (PLUG), and SolarEdge Technologies (SEDG) declined sharply following the presidential election being called in favor of Donald Trump [1][2] - The Invesco Solar (TAN) exchange-traded fund (ETF) dropped nearly 11% in early trading [2] Election Outcome and Policy Implications - The Associated Press called the election for Trump after a win in Wisconsin secured him over 270 electoral votes [3] - Trump's campaign platform includes increasing oil, natural gas, and coal production while reversing Biden administration policies favoring renewable energy [3] - The ability to reverse legislation like the Inflation Reduction Act, which has accelerated carbon dioxide emissions reduction, depends on Republican performance in remaining House of Representatives races [4]

Justin Paget Enphase Energy's (NASDAQ:ENPH) 3Q was disappointing. There's no other way to put it. However, I think that the company continues to be heading in the right direction, and that, to me, is an encouraging sign. As I will highlight in ...