Enphase Energy Downgraded to “Underperform” at Zacks (ENPH)
Zacks downgraded shares of Enphase Energy (NASDAQ: ENPH) from a neutral rating to an underperform rating in a report issued on Wednesday. They currently have $4.80 target price on the stock.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a buy rating on shares of Enphase Energy in a research note to investors on Wednesday. They now have a $7.00 price target on the stock, up previously from $5.00. Analysts at Raymond James downgraded shares of Enphase Energy from an outperform rating to a market perform rating in a research note to investors on Wednesday, February 6th. They noted that the move was a valuation call.
Three research analysts have rated the stock with a buy rating, and one has issued an overweight rating to the company’s stock. The company currently has an average rating of buy and an average price target of $7.70.
Enphase Energy traded down 4.46% on Wednesday, hitting $4.71. Enphase Energy has a 52-week low of $1.92 and a 52-week high of $9.57. The stock’s 50-day moving average is currently $4.25. The company’s market cap is $192.3 million.
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