Enphase Energy Inc. (NASDAQ:ENPH) traded at a new 52-week high today of $309.91. This new high was reached on below average trading volume as 126,000 shares traded hands, while the average 30-day volume is approximately 3.6 million shares.
Enphase Energy Inc. (NASDAQ:ENPH) defies analysts with a current price ($307.54) 35.3% above its average consensus price target of $199.10.
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.
Over the past year, Enphase Energy Inc. has traded in a range of $113.40 to $309.91 and is now at $307.54, 171% above that low.
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