Cowen & Co. Believes Enphase Energy (NASDAQ: ENPH) Won’t Stop Here

By Carrie Williams

In a report issued on November 7, Jeff Osborne from Cowen & Co. reiterated a Buy rating on Enphase Energy (NASDAQ: ENPH), with a price target of $2.25. The company’s shares closed yesterday at $1.97, close to its 52-week high of $2.10.

According to TipRanks.com, Osborne is a 4-star analyst with an average return of 5.9% and a 49.2% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Ballard Power Systems, and Capstone Turbine Corp.

Currently, the analyst consensus on Enphase Energy is Moderate Buy and the average price target is $1.82, representing a -7.4% downside.

In a report issued on November 7, Oppenheimer also maintained a Buy rating on the stock with a $2 price target.

The company has a one-year high of $2.10 and a one-year low of $0.65. Currently, Enphase Energy has an average volume of 747.3K.

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Enphase Energy, Inc. delivers energy management solutions which advance the worldwide potential of renewable energy. It designs, develops, manufactures, and sells home energy solutions that connect solar generation, energy storage, and management on one intelligent platform. The company was founded by Raghuveer R.