Goldman Sachs Sticks to Its Buy Rating for Enphase Energy (ENPH)

In a report released today, Brian K. Lee from Goldman Sachs maintained a Buy rating on Enphase Energy, with a price target of $51.00.

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According to TipRanks, K. Lee is a 3-star analyst with an average return of 2.4% and a 46.14% success rate. K. Lee covers the Technology sector, focusing on stocks such as Enphase Energy, Sunrun, and SolarEdge Technologies.

In addition to Goldman Sachs, Enphase Energy also received a Buy from Jefferies’s Julien Dumoulin Smith in a report issued on February 25. However, yesterday, TipRanks – xAI 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 25 insiders, corporate insider sentiment is neutral on the stock. Last month, Badrinarayanan Kothandaraman, the President & CEO of ENPH bought 5,000.00 shares for a total of $259,847.50.