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ENPHASE ENERGY INCENPHASE ENERGY INCENPHASE ENERGY INC

ENPHASE ENERGY INC

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ENPH trade ideas

ENPH downward trend may be breakingThere's a fair amount of risk, but I am willing to give a long a try. I like ENPH as a leader in solar technology, and I believe that there are years of growth ahead for that industry. After several years of consistently negative ROIC, things started to turn around for the company in 2019. Management telegraphed a difficult environment for 2024. So, I fully expect some turbulence ahead, but the stock is still down by almost 2/3 from its ATH. If the company can maintain the profitability of the last few years going forward, then the current price is a great deal.
NASDAQ:ENPHLong
by matthias
5
Enphase - Wave AnalysisHi All, I’ve been looking at this chart for weeks and I can’t help but post a contrarian idea that NASDAQ:ENPH may actually be going down, at least from a wave perspective. Now I could be completely wrong and the MACDs point mildly upward (and maybe we are in a wave 3 up which could launch Enph if it ever passed $140 thus invalidating this idea) but from a different wave perspective I can’t help but shake we are going down. Let’s assume I’m right for a moment which I would take with a grain of salt, but it is conceivable we just completed or near completed a wave 2 at the 0.382 around $130.50 and then we got a small push downward on Friday, I’m considering if we are starting a wave 3 downwards soon if not already. And I’ve watched the corrective motion from late feb from $119ish to now $130ish and it had likely completed a 5 wave motion as seen in many mini C waves of a wave 2. I’ve also highlighted 3 gaps in the chart which I don’t like and they should be filled in an optimal sense at some point in time. The waves listed would fill at least 2 or 3 of the gaps. It’s hard for me to make a post like this, when sentiment is opposite, but either way we’ll know in a few days likely. GLTA
NASDAQ:ENPH
by tealeafbud
3
Enphase Energy's Strategic Moves Signal a Brighter FutureEnphase Energy (NASDAQ: NASDAQ:ENPH ) stands as a beacon of innovation and resilience. Despite facing headwinds in the form of inventory issues and shifting market dynamics, the solar inverter maker is charting a course towards a brighter future. We delve into Enphase's recent developments, strategic shifts, and the prospects that lie ahead. Navigating Short-Term Challenges: Enphase Energy (NASDAQ: NASDAQ:ENPH ) recently announced its anticipation of an improvement in demand in the near term, sparking a surge in its shares by nearly 13% in extended trading. The company acknowledges the hurdles it faced in Europe, with a significant sequential decrease in revenue in the fourth quarter due to inventory management issues. However, Enphase (NASDAQ: NASDAQ:ENPH ) remains optimistic, citing early signs of recovery in Europe and the potential for a rebound in non-California states. Adapting to Market Dynamics: Solar firms, including Enphase, have encountered obstacles such as rising inventory levels in Europe and softening demand in the U.S., attributed in part to regulatory changes like the metering reform in California. Enphase's response to these challenges involves strategic adjustments, including reducing shipments to manage inventory levels and focusing on enhancing demand and margins for its batteries and micro-inverters throughout 2024. CEO's Vision and Guidance: Enphase's (NASDAQ: NASDAQ:ENPH ) Chief Executive, Badri Kothandaraman, paints a picture of cautious optimism, acknowledging the slowdown in demand while expressing confidence in the company's ability to navigate through it. Kothandaraman highlights the potential turnaround, citing early signs of recovery in Europe and the expected resilience of non-California states. Despite forecasting a seasonally down sell-through demand for the first quarter, Enphase (NASDAQ: NASDAQ:ENPH ) sets its sights on a revenue range of $260 million to $300 million, indicating a proactive stance in managing expectations. Analyst Expectations vs. Performance: Enphase's (NASDAQ: NASDAQ:ENPH ) fourth-quarter revenue slightly fell short of analysts' expectations, standing at $302.6 million compared to the anticipated $327.9 million. The company's first-quarter revenue forecast also falls below analysts' estimates, but Enphase (NASDAQ: NASDAQ:ENPH ) remains steadfast in its strategic direction, focusing on operational excellence and seizing opportunities for growth amidst challenges. Conclusion: Enphase Energy's (NASDAQ: NASDAQ:ENPH ) journey exemplifies the resilience and adaptability required to thrive in today's dynamic energy landscape. Despite short-term challenges, the company's strategic maneuvers, coupled with the vision of its leadership, signal a promising trajectory ahead. As Enphase (NASDAQ: NASDAQ:ENPH ) navigates through the current headwinds, it emerges as a compelling player poised to capitalize on the opportunities that lie beyond. Investors and industry observers alike would do well to keep a keen eye on Enphase Energy as it continues to shape the future of renewable energy.
NASDAQ:ENPHLong
by DEXWireNews
Enphase Energy $ENPH Trade IdeaLast Friday I entered a new trade on NASDAQ:ENPH as we closed above the 50MA on daily candles. The trade is profitable for now, my target is $124 in the short term and we might see a pullback over the next few days as the oscillators are showing overbought conditions. We can also see the diagonal resistance level that has been in force for some time now, which lines up to that $124ish target. In addition we could see the price fill the bullish gap quickly. One thing to note is that MACD has crossed above the 0 line which might suggest continuation of the bullish momentum. The moving averages are starting to slope up which also points to a potential further bullish momentum. If the price pulls back to the 50MA I will likely add more contracts to this trade. Hope this was helpful, follow me for more trade ideas. Thank you, BK
NASDAQ:ENPHLong
by Konstandinovic
ENPH Short In Progress*Posting this a couple months late since I've been more preoccupied with Crypto Saw a lot of people calling for $400s in August since price looked to be finding a bottom around $150, but felt the rate environment and overall outlook for S&P would make this nearly impossible to happen. Took a contrary position due to believing price should be around pre-covid levels, and it has been working quite effectively. Potential bounce soon back to $96, from where I can see price revisiting $33 or $18 worst-case. Let me know how you feel about ENPH.
NASDAQ:ENPHShort
by Jordsito
keep finding $ENPH's supportsCopy & Paste from the web! Enphase reported earnings per share of $1.02, missing the $1.03 estimate. The company posted revenue of $551.1 million, Which fell short of the $566.02 million estimate. Enphase cited high inventory at its distribution partners and softening in demand in the Netherlands, France, and Germany, its key markets. The company anticipates fourth-quarter revenue to be between $300 million and $350 million, far short of the $601.24 million estimate. President and CEO, Badri Kothandaraman, highlighted other developments for the company, saying, " Solargraf, our cloud-based design and proposal software platform, now provides NEM 3.0 functionality for solar and battery systems in California. We began offering 3D and shading features and continue to make progress on new features and functions. The software platform is now available to installers in the United States, Brazil, Germany, and Austria."
NASDAQ:ENPHLong
by KhanhC.Hoang