In the latest trading session, Enphase Energy (ENPH) closed at $134.69, marking a +0.08% move from the previous day. This move outpaced the S&P 500's daily loss of 1.1%. At the same time, the Dow lost 0.89%, and the tech-heavy Nasdaq gained 0.03%.

Heading into today, shares of the solar technology company had lost 28.92% over the past month, lagging the Oils-Energy sector's gain of 14.22% and the S&P 500's loss of 1.81% in that time.

Wall Street will be looking for positivity from Enphase Energy as it approaches its next earnings report date. In that report, analysts expect Enphase Energy to post earnings of $0.57 per share. This would mark year-over-year growth of 11.76%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $403.1 million, up 52.21% from the year-ago period.

Investors might also notice recent changes to analyst estimates for Enphase Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.5% higher. Enphase Energy is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 44. This valuation marks a premium compared to its industry's average Forward P/E of 35.14.

The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 27% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ENPH in the coming trading sessions, be sure to utilize Zacks.com.

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Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report
 
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