Needham Maintains Buy Rating for Enphase Energy: Here's What You Need To Know

Needham has decided to maintain its Buy rating of Enphase Energy ENPH and raise its price target from $275.00 to $335.00.

Shares of Enphase Energy are trading up 13.74% over the last 24 hours, at $302.08 per share.

A move to $335.00 would account for a 10.9% increase from the current share price.

About Enphase Energy

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.