Here's Why Enel SpA (ENLAY) is a Great Momentum Stock to Buy

Core Viewpoint - Enel SpA (ENLAY) is currently rated as a 2 (Buy) stock with a Momentum Style Score of B, indicating strong potential for near-term price appreciation [4][12]. Momentum Style Score - The Zacks Momentum Style Score helps investors identify stocks with strong price trends, and Enel SpA's score reflects positive price changes and earnings estimate revisions [2][3]. Price Performance - Over the past week, ENLAY shares increased by 2.13%, outperforming the Zacks Utility - Electric Power industry, which rose by 0.65% [6]. - In a longer timeframe, ENLAY's monthly price change is 3.74%, compared to the industry's 0.75% [6]. - Over the past quarter, ENLAY shares have risen by 10.14%, and over the last year, they have gained 47%, while the S&P 500 has only increased by 2.39% and 18.18%, respectively [7]. Trading Volume - ENLAY's average 20-day trading volume is 330,792 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for ENLAY has been revised upward, increasing the consensus estimate from $0.79 to $0.82 [10]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [10].