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Why Enphase Energy Shares Plunged 6.6% on Wednesday

TheMotleyFool

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Why Enphase Energy Shares Plunged 6.6% on Wednesday

Shares of Enphase Energy (NASDAQ: ENPH) fell as much as 6.6% in trading Wednesday after an analyst changed their price target. Shares closed the day down 5.6%.

The news wasn't all bad for Enphase Energy today. JPMorgan analysts raised their price target on the stock from $99 per share to $146 per share and kept an overweight rating on the stock. So why did shares drop?

Image source: Getty Images.

Source Fool.com

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