New Buy Rating for Enphase Energy (ENPH), the Technology Giant

BMO Capital analyst Ameet Thakkar reiterated a Buy rating on Enphase Energy (ENPHResearch Report) today and set a price target of $318.00. The company’s shares opened today at $279.54.

According to TipRanks, Thakkar is ranked #3402 out of 7832 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enphase Energy with a $289.07 average price target.

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The company has a one-year high of $324.84 and a one-year low of $113.40. Currently, Enphase Energy has an average volume of 3.6M.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENPH in relation to earlier this year. Most recently, in July 2022, Steven Gomo, a Director at ENPH bought 35,822.00 shares for a total of $400,149.40.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Enphase Energy, Inc. is an energy technology company that provides energy management technology solutions for the solar photovoltaic industry worldwide. It engages in designing, developing, manufacturing and selling software-driven home energy solutions, which connect energy generation, energy storage and web-based control and communications management services.

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