Enphase Energy ( (ENPH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Enphase Energy shares are on the move after the company reported higher revenue than a year ago, reassuring investors about its growth despite a challenging solar market. At the same time, worries about the upcoming expiration of residential solar tax credits have led some analysts to trim their price targets, reflecting concern about future demand. Even so, Goldman Sachs raised its rating on the stock to Neutral, signaling a more balanced, cautiously optimistic stance on Enphase’s outlook.
More about Enphase Energy
YTD Price Performance: -55.70%
Average Trading Volume: 7,869,832
Technical Sentiment Signal: Sell
Current Market Cap: $4.17B
For further insights into ENPH stock on TipRanks’ Stock Analysis page.
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