Roth MKM Remains a Buy on Enphase Energy (ENPH)

Roth MKM analyst Philip Shen maintained a Buy rating on Enphase Energy today and set a price target of $55.00.

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According to TipRanks, Shen is a 4-star analyst with an average return of 8.2% and a 42.45% success rate. Shen covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and Shoals Technologies Group.

In addition to Roth MKM, Enphase Energy also received a Buy from Northland Securities’s Gus Richard in a report issued on April 7. However, yesterday, Barclays maintained a Sell 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.