Enphase Energy, Inc. Stock News

Enphase stock is down 20% this year. Is the stock a buy right now?

SAN DIEGO, July 23, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that the Enphase class action lawsuit, captioned Bialic v. Enphase Energy, Inc., No. 24-cv-03216 (N.D. Cal.), charges Enphase Energy, Inc. (NASDAQ: ENPH) as well as certain of Enphase's top executives with violations of the Securities Exchange Act of 1934.

Solar inverter maker Enphase Energy beat analysts' estimates for second-quarter operating profit on Tuesday, driven by a recovery in demand in the United States.

FREMONT, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today financial results for the second quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman.

The solar industry was once a beacon of growth and optimism, but now it is facing a cloudy forecast. Investor sentiment has shifted, leading to a decline in solar stocks.

NEW YORK , July 22, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Enphase Energy, Inc. (NASDAQ: ENPH) between December 12, 2022 and April 25, 2023, both dates inclusive (the "Class Period"), of the important July 29, 2024 lead plaintiff deadline. So what: If you purchased Enphase Energy securities during the Class Period you may...

Hit by high interest rates, low power prices and uncertainty around the U.S. election, solar stocks are facing a tough quarter.

The Global X Solar ETF (NASDAQ: RAYS ) has slumped by more than 40% year-over-year (YOY), illustrating that investors have abandoned solar stocks. However, as an incurable contrarian, I believe the RAYS ETF's downturn signals a buying opportunity within the solar industry.