Enphase Energy Inc. Stock Slides 3.9%, Underperforms Peers

Dow Jones
09/24

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Enphase Energy Inc. shed 3.9% to $33.07 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.8% to 7,706.03 and Dow Jones Industrial Average falling 0.7% to 51,511.59.

This was the stock's second consecutive day of losses.

Enphase Energy Inc. closed 55.2% below its 52-week high of $73.74, which the company reached on May 29th.

The stock underperformed when compared to some of its peers, as Eaton Corp. PLC fell 0.8% to $438.76, TE Connectivity PLC rose 0.4% to $214.39, and Amphenol Corp. Cl A fell 0.78% to $82.19.

Trading volume totaled 5.5 million, compared to the 50-day average of 4.3 million.

Data source: Dow Jones Market Data, FactSet

 

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