Enphase Energy Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

(ENPH) traded at a new 12-month high today of $250.10. This new high was reached on below-average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 2.6 million shares.

Enphase Energy Inc. delivers energy management technology for the solar industry. The company designs develops, manufactures, and sells home energy solutions that connect solar generation, energy storage, and management on one intelligent platform. Its product and service portfolio consists of Enphase Microinverters, Enphase Envoy, Enphase Enlighten, Enphase Energy Services, and Enphase Storage System. Geographically, it derives a majority of revenue from the United States.

In the past 12 months, shares of Enphase Energy Inc. have traded between a low of $108.05 and a high of $250.10 and are now at $247.46, which is 129% above that low price.

Based on a current price of $247.46, Enphase Energy Inc. is currently 26.6% above its average consensus analyst price target of $181.64.

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