|Bid||98.02 x 1000|
|Ask||98.10 x 1100|
|Day's range||93.53 - 102.11|
|52-week range||17.18 - 118.94|
|Beta (5Y monthly)||0.94|
|PE ratio (TTM)||76.39|
|Earnings date||27 Oct 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||110.13|
The stock market is melting down, with the Dow Jones Industrial Average facing its worst monthly performance since March and the S&P 500 off 1.7% -- and renewable energy stocks are taking it on the chin. In 11:55 a.m. EDT trading, shares of hydrogen fuel cell company Bloom Energy (NYSE: BE) fell a staggering 14%, while rival Plug Power (NASDAQ: PLUG) sank 5%. Elsewhere in the sector, solar microinverter maker Enphase Energy (NASDAQ: ENPH) racked up a 6.2% loss -- and I worry that Bloom may be the cause of it all.
Enphase Energy's (ENPH) year-over-year increase in operating expenses can be attributed to higher research & development and sales & marketing expenses witnessed in the third quarter.
Enphase Energy, Inc. (NASDAQ:ENPH) shares have continued their recent momentum with a 27% gain in the last month...