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.