Enphase Energy (ENPH) Reaches New Lifetime High Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Enphase Energy ( ENPH) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Enphase Energy as such a stock due to the following factors:

  • ENPH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.2 million.
  • ENPH has traded 20,201 shares today.
  • ENPH is trading at a new lifetime high.

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More details on ENPH:

Enphase Energy, Inc., together with its subsidiaries, designs, develops, and sells microinverter systems for the solar photovoltaic industry. Currently there are 5 analysts that rate Enphase Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Enphase Energy has been 456,900 shares per day over the past 30 days. Enphase Energy has a market cap of $481.8 million and is part of the technology sector and electronics industry. The stock has a beta of -0.16 and a short float of 22% with 4.25 days to cover. Shares are up 82.2% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Enphase Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from the ratings report include:
  • The revenue growth greatly exceeded the industry average of 7.5%. Since the same quarter one year prior, revenues rose by 41.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • ENPH's debt-to-equity ratio is very low at 0.18 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, ENPH has a quick ratio of 1.62, which demonstrates the ability of the company to cover short-term liquidity needs.
  • 35.15% is the gross profit margin for ENPHASE ENERGY INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -3.69% is in-line with the industry average.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Electrical Equipment industry and the overall market, ENPHASE ENERGY INC's return on equity significantly trails that of both the industry average and the S&P 500.

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