Solar energy specialist Enphase Energy (ENPH) is not having a good time in the markets right now. You can look at its recent performance in the charts, which is not at all encouraging. Or you can consider the 60-month beta of 1.72, which, while not the worst rating you’ll see, is still quite up there in terms of volatility. So, it’s no surprise that Barchart rates ENPH stock as a 100% Strong Sell.
It’s ugly and circumstances might worsen next week. On Oct. 22 after the ringing of the closing bell, Enphase is scheduled to disclose its latest earnings report. Given the poor sentiment in the market along with the terribly weak technical posture, ENPH stock could easily tumble. Sure, Wall Street rates shares as a consensus Moderate Buy. However, within that rating are three Sells (two of them “Strong”).
