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Technology Stocks : ENPH - Enphase, world's leading solar microinverter player
ENPH 30.51+1.3%Oct 31 9:30 AM EST

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The Ox
From: Sultan6/30/2023 1:44:11 PM
1 Recommendation   of 353
 
Enphase Energy (NASDAQ:ENPH) +3.7% in Friday's trading as B. Riley Securities upgraded the stock to Buy from Neutral with a $247 price target, raised from $214, after valuation has dropped more than 50% from a December high to "a more digestible level and providing an attractive entry point for long-term investors."

While concerns around the U.S. residential market this year and into 2024 remain a risk, analyst Christopher Souther said he expects ongoing growth in Europe, the Gen III battery launch and continued strong profitable growth will drive Enphase (ENPH) in the near to mid-term term.
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