Shares of Enphase Energy Inc. jumped 5% Monday after analysts at Raymond James raised their rating on the stock to the equivalent of buy, saying they are...
Shares of Enphase Energy Inc.
jumped 5% Monday after analysts at Raymond James raised their rating on the stock to the equivalent of buy, saying they are “turning positive” on the energy technology company for the first time in a decade. “This upgrade is partly opportunistic and partly thematic,” the analysts said, as Enphase shares are down 31% year-to-date, and as Europe has emerged as Enphase’s “leading growth driver in 2022, and we expect even more of that in the years ahead.
jumped 5% Monday after analysts at Raymond James raised their rating on the stock to the equivalent of buy, saying they are “turning positive” on the energy technology company for the first time in a decade. “This upgrade is partly opportunistic and partly thematic,” the analysts said, as Enphase shares are down 31% year-to-date, and as Europe has emerged as Enphase’s “leading growth driver in 2022, and we expect even more of that in the years ahead.
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