Craig-Hallum Sticks to Their Buy Rating for Enphase Energy (ENPH)

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Enphase Energy (ENPH – Research Report). The company’s shares closed yesterday at $106.06.

According to TipRanks, Stine is a 4-star analyst with an average return of 5.0% and a 33.87% success rate. Stine covers the Industrials sector, focusing on stocks such as Aspen Aerogels, Plug Power, and PureCycle Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enphase Energy with a $125.92 average price target, implying a 18.73% upside from current levels. In a report released on April 29, Barclays also upgraded the stock to a Buy with a $134.00 price target.

Based on Enphase Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $302.57 million and a net profit of $20.92 million. In comparison, last year the company earned a revenue of $724.65 million and had a net profit of $153.75 million

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2024, Richard Mora, a Director at ENPH sold 24,285.00 shares for a total of $2,928,443.54.

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 (ENPH) Company Description:

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.