Why Enphase Energy's Stock Is Heating Up Today
The Dow Jones Industrial Average and S&P 500 are both off to a strong start this week, but investors seem especially enthusiastic about shares of solar powerhouse Enphase Energy (NASDAQ: ENPH). An analyst's bullish take on the stock is adding to other recent optimism from Wall Street, and investors are clicking the buy button in response.
As of 11:31 a.m. ET, shares of Enphase Energy are up 5.5%.
Espousing a bullish position on shares of Enphase Energy, Pavel Molchanov, an analyst at Raymond James, upgraded the stock to outperform and assigned a $225 price target. With Enphase Energy's stock closing at $183.64, Molchanov's price target implies upside of about 22.5%.
Source Fool.com
