Why Enphase Energy (ENPH) Shares Are Trading Lower Thursday
Portfolio Pulse from Erica Kollmann
Enphase Energy (ENPH) shares are trading lower following a downgrade from OTR Global, which changed its rating from Mixed to Negative. The downgrade comes as ENPH shares have fallen 10% over the last week and nearly 40% year-to-date.
June 22, 2023 | 3:58 pm
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NEGATIVE IMPACT
Enphase Energy's stock price is trading lower after OTR Global downgraded its rating from Mixed to Negative, amid a 10% drop in the last week and a nearly 40% decline YTD.
The downgrade from OTR Global is a negative signal for Enphase Energy's stock price, as it indicates a lack of confidence in the company's performance. This, combined with the recent decline in share price, suggests a bearish short-term outlook for ENPH.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100