Roth MKM Maintains Buy Rating for Enphase Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Roth MKM has maintained its Buy rating for Enphase Energy (NASDAQ:ENPH) but lowered its price target from $150.00 to $140.00. Despite this, shares of Enphase Energy have risen 2.41% in the last 24 hours to $106.64. The new price target suggests a potential 31.28% increase from the current share price. Enphase Energy is a global energy technology company focusing on solar generation, storage, and communication solutions, with the majority of its revenue coming from the United States.
February 01, 2024 | 5:00 pm
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Roth MKM maintains Buy rating for Enphase Energy, lowers price target to $140. Shares up 2.41% to $106.64, indicating a potential 31.28% increase.
The maintenance of a Buy rating by Roth MKM, despite a lower price target, suggests confidence in Enphase Energy's fundamentals and market position. The recent share price increase and the significant potential upside from the new price target indicate positive short-term momentum. Given Enphase's role in the solar energy sector and the majority of its revenue coming from the U.S., its stock is likely to be positively impacted in the short term by these analyst actions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100