Hello fellow traders and investors, here's another trade idea. ENPH has recently pulled back to the bottom of the consolidation zone and will most likely head to go to 172$ which is a 20% ROI and they also will most likely return to all-time highs which would offer a 50% ROI.
Technicals: The Macd indicates that it's oversold The RSI indicates that it's relatively oversold The volume indicates that the selling volume is getting exhausted so we will most likely see a reversal coming.
When To Buy: Now
When To Sell: Wherever you feel more comfortable either at 172$ or 215$.
Fundamentals: Enphase Energy engages in the design, development, manufacture, and sale of microinverter systems for the solar photovoltaic industry. They have a P/E of 160, a P/S of 24, a debt/equity of 0.68, sales growth Q/Q of 26%, an EPS growth Q/Q of -43% and a profit margin of 17%.
Rating: 80/100 the technicals look amazing but their valuation is quite expensive so they deserve a 80/100.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed please leave a like, follow, comment your thoughts and share this trade idea. Thanks.