Enphase Energy (ENPH) closed at $91.57, down 1.68% from the previous day, lagging behind the S&P 500. The stock has decreased by 22.22% in the last month, underperforming the sector and S&P 500. Analysts expect Q3 EPS of $0.77 and revenue of $391.7 million, with a downward trend. Enphase Energy is currently a Zacks Rank #3 (Hold).

With an upcoming earnings report on October 22, 2024, Enphase Energy is projected to have a challenging year with estimates showing a decline in earnings and revenue. The stock is currently trading at a premium Forward P/E ratio of 36.84 compared to the industry average of 13.73. The Solar industry, where Enphase Energy operates, has a Zacks Industry Rank of 151, placing it in the bottom 41% of all industries.

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Read more at Nasdaq: Enphase Energy (ENPH) Dips More Than Broader Market: What You Should Know