Enphase Energy ( (ENPH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Enphase Energy’s stock is experiencing downward pressure due to Jefferies lowering its price target, citing the need for multiple factors to align for the stock to stabilize. Despite Enphase’s efforts to secure tax credits for its IQ8HC Microinverters through a safe harbor agreement and the approval of the IQ Meter Collar by SDG&E, which is expected to simplify installations and reduce costs, challenging market conditions persist.
More about Enphase Energy
YTD Price Performance: -55.28%
Average Trading Volume: 9,209,566
Technical Sentiment Signal: Sell
Current Market Cap: $4.17B
For further insights into ENPH stock on TipRanks’ Stock Analysis page.
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