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Cowen & Co. Keeps a Buy Rating on Enphase Energy (ENPH)


Cowen & Co. analyst Jeff Osborne maintained a Buy rating on Enphase Energy (ENPH) on November 7 and set a price target of $6.75. The company’s shares closed yesterday at $5.81.

According to TipRanks.com, Osborne has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.9% and a 38.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, TPI Composites Inc, and Fuelcell Energy.

Currently, the analyst consensus on Enphase Energy is a Strong Buy with an average price target of $7.56, a 30.1% upside from current levels. In a report issued on November 7, H.C. Wainwright also maintained a Buy rating on the stock with a $9 price target.

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The company has a one-year high of $7.60 and a one-year low of $1.81. Currently, Enphase Energy has an average volume of 2.57M.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ENPH in relation to earlier this year. Most recently, in August 2018, Richard Mora, a Director at ENPH bought 60,000 shares for a total of $42,000.

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, Inc. engages in the design, development, manufacture, and sale of microinverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories, and Enlighten and Apps.