Yahoo Finance Why Enphase Energy (ENPH) is a Top Growth Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Enphase Energy (ENPH)
Incorporated in 2006, Enphase Energy, Inc. is a global energy technology company that delivers energy management technology for the solar industry. It designs, develops, manufactures and sells home energy solutions, which connect energy generation, energy storage and control and communications management on one intelligent platform.
ENPH boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 20.6% year-over-year for 2023, while Wall Street anticipates its top line to improve by 33.1%.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.03 to $5.57 per share. ENPH boasts an average earnings surprise of 19.5%.
On a historic basis, Enphase Energy has generated cash flow growth of 72.9%, and is expected to report cash flow expansion of 77.5% this year.
Investors should take the time to consider ENPH for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report
