ENPH, TIME TO LOAD UP?
Hello fellow traders and investors, here's another trade idea.
ENPH and many other green energy stocks have recently pulled back to the 200SMA and the trendline that acts as a support. If ENPH makes a full recovery it offers around a 28% ROI to the previous high.
Technicals:
The Macd indicates that ENPH is oversold
The Ema's indicate that ENPH is in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
There are three options I would consider. The first one would be at its previous high which offers a 28% ROI, the second option would be to hold for the long term.
Fundamentals: Enphase Energy is a global energy technology company and the world’s leading supplier of micro inverter-based solar-plus-storage systems. The Company delivers smart, easy-to-use solutions that connect solar generation, storage, and energy management on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries. Their P/E is around 180 and their debt to equity is 0.68. They have an amazing ROI of 25% and they have a growth of 26% Q/Q. Their valuation is rich however they have amazing projected growth in the next decade.
Rating: 90/100
I rate this company 90/100 since they have amazing growth coming, an amazing business compared to some of the other green energy stocks in the industry. The only reason why it was not 100/100 is that their valuation is a little bit expensive.
NOTE: I will be watching this stock for entries between 140 to 150$ since it has been making higher lows and lower lows and hasn't shown signs of a reversal.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
ENPH and many other green energy stocks have recently pulled back to the 200SMA and the trendline that acts as a support. If ENPH makes a full recovery it offers around a 28% ROI to the previous high.
Technicals:
The Macd indicates that ENPH is oversold
The Ema's indicate that ENPH is in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
There are three options I would consider. The first one would be at its previous high which offers a 28% ROI, the second option would be to hold for the long term.
Fundamentals: Enphase Energy is a global energy technology company and the world’s leading supplier of micro inverter-based solar-plus-storage systems. The Company delivers smart, easy-to-use solutions that connect solar generation, storage, and energy management on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries. Their P/E is around 180 and their debt to equity is 0.68. They have an amazing ROI of 25% and they have a growth of 26% Q/Q. Their valuation is rich however they have amazing projected growth in the next decade.
Rating: 90/100
I rate this company 90/100 since they have amazing growth coming, an amazing business compared to some of the other green energy stocks in the industry. The only reason why it was not 100/100 is that their valuation is a little bit expensive.
NOTE: I will be watching this stock for entries between 140 to 150$ since it has been making higher lows and lower lows and hasn't shown signs of a reversal.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
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