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Is Enphase Energy (ENPH) Stock Outpacing Its Oils-Energy Peers This Year?
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For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Enphase Energy (ENPH - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ENPH and the rest of the Oils-Energy group's stocks.
Enphase Energy is one of 311 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ENPH is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ENPH's full-year earnings has moved 60.16% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ENPH has moved about 174.42% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 11.17%. This means that Enphase Energy is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ENPH belongs to the Solar industry, a group that includes 12 individual stocks and currently sits at #29 in the Zacks Industry Rank. Stocks in this group have gained about 47.83% so far this year, so ENPH is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to ENPH as it looks to continue its solid performance.
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Is Enphase Energy (ENPH) Stock Outpacing Its Oils-Energy Peers This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Enphase Energy (ENPH - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ENPH and the rest of the Oils-Energy group's stocks.
Enphase Energy is one of 311 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ENPH is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ENPH's full-year earnings has moved 60.16% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ENPH has moved about 174.42% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 11.17%. This means that Enphase Energy is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ENPH belongs to the Solar industry, a group that includes 12 individual stocks and currently sits at #29 in the Zacks Industry Rank. Stocks in this group have gained about 47.83% so far this year, so ENPH is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to ENPH as it looks to continue its solid performance.