Smart Money Is Betting Big In ENPH Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown significant interest in Enphase Energy (NASDAQ:ENPH) options, with an equal split between bullish and bearish sentiments. Analysis of unusual trades reveals a predicted price range of $90.0 to $175.0 for ENPH. Significant trades include both calls and puts with varying sentiments and strike prices. Enphase Energy, a global energy technology company, has seen its stock price increase by 1.79% to $132.01, with an upcoming earnings announcement in 46 days. Analyst ratings from RBC Capital and Barclays offer mixed outlooks with targets of $140 and $115, respectively.
March 08, 2024 | 3:17 pm
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NEUTRAL IMPACT
Enphase Energy has attracted attention from financial giants in options trading, with a balanced view of bullish and bearish sentiments. The stock has recently increased by 1.79% to $132.01, amidst mixed analyst ratings.
The balanced mix of bullish and bearish options trades on ENPH, along with the recent stock price increase and mixed analyst ratings, suggests a neutral short-term impact. The significant interest in options trading indicates high investor attention, but the equal split in trade sentiment and the mixed analyst outlook contribute to uncertainty in the stock's short-term direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100