Enphase Energy Receives a Buy from H.C. Wainwright

By Austin Angelo

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Enphase Energy (NASDAQ: ENPH), with a price target of $9. The company’s shares closed yesterday at $5.95.

According to TipRanks.com, Dayal has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.0% and a 37.3% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pointer Telocation Ltd, and Pacific Ethanol.

Enphase Energy has an analyst consensus of Strong Buy, with a price target consensus of $7.46, implying a 25.4% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $7 price target.

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The company has a one-year high of $7.60 and a one-year low of $0.76. Currently, Enphase Energy has an average volume of 3.75M.

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Enphase Energy, Inc. engages in the design, development, manufacture, and sale of microinverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories, and Enlighten and Apps.