The VP and CFO of Enphase Energy (NASDAQ: ENPH) is Buying Shares

By George MacDonald

Yesterday, the VP and CFO of Enphase Energy (NASDAQ: ENPH), Kris Sennesael, bought shares of ENPH for $197k.

Kris Sennesael increased his holding by 46.53% to a total of $1.10. In addition to Kris Sennesael, one other ENPH executive reported Buy trades in the last month.

The company has a one year high of $15.25 and a one year low of $1.63. Currently, Enphase Energy has an average volume of 1.37M.

Seven different firms, including Canaccord Genuity and Cowen & Co., currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $2.18, reflecting a 6.9% upside.

Looking at blogger coverage of ENPH, there is a 60% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Enphase Energy has been positive based on 15 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Enphase Energy Inc delivers microinverter technology for solar industry that increases energy production, simplifies design and installation, improves system, reduces fire safety risk & provides a platform for intelligent energy management.