Enphase Energy (ENPH) -4.9% premarket after Raymond James downgrades shares to Underperform,...

|About: Enphase Energy Inc. (ENPH)|By:, SA News Editor

Enphase Energy (ENPH) -4.9% premarket after Raymond James downgrades shares to Underperform, noting that after rallying 79% YTD - second only to SunPower (SPWR) in the space - the stock is currently at 19x the firm's 2014 CFPS estimate and 145% of its five-year DCF estimate.