ENPH is facing headwinds from multiple directions.
After a few years of sky high valuations, it is being looked at with fundamentals. Current PE of 30, so we could reasonably fall to a PE of 20 if the broader market crashes or if the CleanTech bubble (continues to) pop.
Either 10% down from here ~$108 or 50% down from here ~$59 are plausible IMO.
I like what these guys do, but I'm going to be cautiously on this one.
After a few years of sky high valuations, it is being looked at with fundamentals. Current PE of 30, so we could reasonably fall to a PE of 20 if the broader market crashes or if the CleanTech bubble (continues to) pop.
Either 10% down from here ~$108 or 50% down from here ~$59 are plausible IMO.
I like what these guys do, but I'm going to be cautiously on this one.
Note
Looks like $59 is the next target
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.