Scotiabank Keeps Their Hold Rating on Enphase Energy (ENPH)

Scotiabank analyst Tristan Richardson maintained a Hold rating on Enphase Energy (ENPH – Research Report) today and set a price target of $125.00. The company’s shares closed yesterday at $113.48.

Richardson covers the Energy sector, focusing on stocks such as Enterprise Products Partners, Kinetik, and Kinder Morgan. According to TipRanks, Richardson has an average return of 2.6% and a 52.15% success rate on recommended stocks.

In addition to Scotiabank, Enphase Energy also received a Hold from KeyBanc’s Sophie Karp in a report issued today. However, on the same day, Canaccord Genuity maintained a Buy rating on Enphase Energy (NASDAQ: ENPH).

ENPH market cap is currently $15.41B and has a P/E ratio of 37.02.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2024, Richard Mora, a Director at ENPH sold 24,285.00 shares for a total of $2,928,443.54.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Enphase Energy (ENPH) Company Description:

Enphase Energy, Inc. is an energy technology company that provides energy management technology solutions for the solar photovoltaic industry worldwide. It engages in designing, developing, manufacturing and selling software-driven home energy solutions, which connect energy generation, energy storage and web-based control and communications management services.