10 Battered Stocks on Friday

6. Enphase Energy Inc. (NASDAQ:ENPH)

Enphase extended its losing streak for a fourth day on Friday to hit a new all-time low of $56.83 at intra-day trading before gaining a little momentum to end the day just down 6.31 percent at $57.33 each.

According to analysts, the price level reflects significant volatility for the company, registering a 1.68 beta, indicating higher market sensitivity than average.

Over the past year, the company noticeably was tracking a downward trajectory, while year-to-date price registered a 16.53-percent drop.

In the fourth quarter of the year, ENPH saw net income triple to $62.16 million from $20.20 million in the same period a year earlier, while revenues rose by 26 percent to $382.7 million from $302.57 million.

However, full-year net income fell by a whopping 76.6 percent to $102.6 million from $438.9 million in 2023, while revenues declined by 42 percent to $1.33 billion from $2.29 billion year-on-year.