Enphase Energy Stock Outperforms Despite Profit Drop
- Enphase Energy (ENPH) stock rose 1.84% despite market dip; outpaced S&P 500, Dow, and Nasdaq losses
- ENPH stock has fallen 5.39% over the past month, lagging sector and market gains
- Upcoming ENPH earnings expected to show 70.8% drop in year-over-year profits
- Analysts project 27.88% revenue decline for ENPH's fiscal year
- ENPH has premium valuation with P/E ratio of 35.25 vs industry average of 12.62