What the Options Market Tells Us About Enphase Energy
Portfolio Pulse from Benzinga Insights
Enphase Energy (NASDAQ:ENPH) has seen a balanced mix of bullish and bearish sentiment in the options market, with an equal number of puts and calls traded. The options trades suggest a wide price range prediction for ENPH, from $55.0 to $300.0. Significant trades include both bullish and bearish sentiments with varying strike prices and expiration dates. Enphase Energy, a global energy technology company, is currently trading at $114.6 with neutral RSI readings. An analyst from Piper Sandler maintains a Neutral rating with a target price of $113.
March 25, 2024 | 8:01 pm
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NEUTRAL IMPACT
Enphase Energy has seen balanced options trading activity, with a predicted price range of $55-$300. Currently trading at $114.6, with neutral RSI readings and an upcoming earnings release. Piper Sandler maintains a Neutral rating with a target price of $113.
The balanced mix of bullish and bearish options trading activity suggests uncertainty in the short-term price direction for ENPH. The wide predicted price range indicates high volatility. The neutral RSI readings and the upcoming earnings release add to the uncertainty. However, the analyst rating from Piper Sandler suggests a stable outlook, which might mitigate some of the short-term volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100