What the Options Market Tells Us About Enphase Energy
Portfolio Pulse from Benzinga Insights
Investors with significant capital have shown a bullish stance on Enphase Energy (NASDAQ:ENPH) through options trading. Benzinga's options scanner identified 13 unusual options trades, with a mix of 46% bullish and 38% bearish sentiment. The trades suggest a price range of $100 to $180 for ENPH over the next three months. The stock is currently trading at $105.36, down by 1.23%, and may be approaching oversold territory. Analysts have given an average target price of $146.67, with recent upgrades and buy ratings from HSBC, JP Morgan, and Canaccord Genuity.
June 24, 2024 | 6:01 pm
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Enphase Energy has seen significant options trading activity, with a mix of bullish and bearish sentiment. The stock is currently trading at $105.36, down by 1.23%, and may be approaching oversold territory. Analysts have given an average target price of $146.67, with recent upgrades and buy ratings from HSBC, JP Morgan, and Canaccord Genuity.
The significant options trading activity indicates strong interest from big-money investors, suggesting potential price movements. The mix of bullish and bearish sentiment, along with analyst upgrades and buy ratings, points to a likely positive short-term impact on the stock price.
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