Enphase Energy (ENPH) Receives a Buy from Northland Securities

Northland Securities analyst Gus Richard maintained a Buy rating on Enphase Energy today and set a price target of $62.00.

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According to TipRanks, Richard is a 5-star analyst with an average return of 20.6% and a 57.09% success rate. Richard covers the Technology sector, focusing on stocks such as Enphase Energy, Power Integrations, and Synaptics.

In addition to Northland Securities, Enphase Energy also received a Buy from Craig-Hallum’s Eric Stine in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Enphase Energy (NASDAQ: ENPH).

Based on Enphase Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $343.32 million and a net profit of $38.71 million. In comparison, last year the company earned a revenue of $382.71 million and had a net profit of $62.16 million

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENPH in relation to earlier this year. Last month, Thurman Rodgers, a Director at ENPH sold 137,250.00 shares for a total of $5,985,472.50.