La cadena de opciones muestra datos clave de las opciones de acciones de Enphase Energy a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Enphase Energy..

Enphase Energy (NASDAQ:ENPH) Bolsa, Cadena de Opciones

Enphase Energy

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.

Enphase Energy Inc

ENPHASE ENERGY ORD

ENPHYS ACQ CORP A by Enphys Acquisition Corp.

Enphys Acquisition Corp

Enphys Acquisition Corp Units (1 Ord Share Class A & 1/2 War)

Enphys Acquisition Corp Warrants (01/01/9999)

Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) reported third-quarter financial results on Tuesday that came up short of analyst expectations. Here are the main <a href="https://www.benzinga.com/pressreleases/24/10/g41465834/enphase-energy-reports-financial-results-for-the-third-quarter-of-2024">highlights from the quarter</a>.
Q3 Earnings: Enphase Energy reported third-quarter revenue of $380.9 million, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $391.979 million. The solar company reported adjusted earnings of 65 cents per share, missing analyst estimates of 77 cents per share, according to&nbsp;<a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
U.S. revenue increased approximately 43% on a quarter-over-quarter basis due to higher shipments to distributors. Meanwhile, revenues in Europe fell approximately 15% quarter-over-quarter, driven by a &#8220;further softening&#8221; in European demand.
Enphase shipped 172.9 megawatt hours of IQ batteries in the quarter and shipped approximately 1,176,000 microinverters from its contract manufacturing facilities in the U.S. The company also highlighted the launch of its <a href="http://benzinga.com/topic/ai">AI</a>-based software for energy optimization in the quarter.
&#8220;We began shipping IQ8HC microinverters with higher domestic content, produced at our contract manufacturing facilities in the U.S. We expect to begin shipping our commercial microinverters, and batteries with higher domestic content, produced at our U.S. contract manufacturing facilities in the&nbsp;fourth quarter&nbsp;of 2024,&#8221; the company said.
Enphase said it generated&nbsp;$170.1&nbsp;million&nbsp;in cash flow from operations and $161.3 million in free cash flow during the quarter. The company ended the quarter with $1.77 billion in cash, cash equivalents&nbsp;and marketable securities.
Related Link: <a href="https://www.benzinga.com/news/24/10/41454966/this-first-solar-analyst-turns-bullish-here-are-top-5-upgrades-for-tuesday">This First Solar Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday</a>
Outlook:&nbsp;Enphase expects fourth-quarter revenue to be in the range of $360 million to $400 million. The company anticipates third quarter gross margin of 47% to 50%, or 49% to 52% on an adjusted basis.
Management will hold a conference call to further discuss these results with analysts and investors at 4:30 p.m. ET.
ENPH Price Action:&nbsp;<a href="https://www.benzinga.com/quote/ENPH" target="_blank" rel="noreferrer noopener">Enphase shares</a>&nbsp;were down 7.31% in after-hours, trading at $85.20 at the time of publication Tuesday, according to&nbsp;<a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41461948/boeing-stock-braces-for-bumpy-q3-landing">Boeing Stock Braces For Bumpy Q3 Landing</a></li>
</ul>
Photo: Shutterstock

Earnings

News

Guidance

Global

After-Hours Center

Movers

ENPH

Enphase Energy Stock Slides On Q3 Earnings Miss: US Revenue Jumps, European Revenue Falls On 'Further Softening' Demand

<h3>Gainers</h3>
<ul>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) shares moved upwards by 29.6% to $0.08 during Tuesday's after-market session. The market value of their outstanding shares is at $3.1 million. </li>
<li>WidePoint (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WYY#AMEX">WYY</a>) shares moved upwards by 15.59% to $4.3. The company's market cap stands at $41.5 million. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) shares rose 11.05% to $0.43. The market value of their outstanding shares is at $11.2 million. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) stock rose 7.14% to $1.8. The company's market cap stands at $20.8 million. </li>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares moved upwards by 6.85% to $0.97. The market value of their outstanding shares is at $36.8 million. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) stock moved upwards by 5.77% to $4.03. The market value of their outstanding shares is at $4.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares decreased by 13.5% to $2.05 during Tuesday's after-market session. The company's market cap stands at $12.6 million. </li>
<li>Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares fell 8.67% to $267.0. The market value of their outstanding shares is at $16.3 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) stock decreased by 7.85% to $84.99. The company's market cap stands at $11.5 billion. As per the press release, Q3 earnings came out today. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) shares declined by 4.84% to $0.26. The market value of their outstanding shares is at $17.7 million. </li>
<li>BTC Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) shares fell 4.7% to $1.6. The company's market cap stands at $4.1 million. </li>
<li>U-BX Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBXG#NASDAQ">UBXG</a>) shares fell 3.96% to $0.4. The market value of their outstanding shares is at $11.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARBB

BNAI

BTCT

CCTG

FCUV

MANH

OBLG

UBXG

ZPTA

12 Information Technology Stocks Moving In Tuesday's After-Market Session

Investors with a lot of money to spend have taken a bullish stance on Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ENPH, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 78 uncommon options trades for Enphase Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 41%, bearish.
Out of all of the special options we uncovered, 50 are puts, for a total amount of $4,187,939, and 28 are calls, for a total amount of $1,327,033.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $150.0 for Enphase Energy during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Enphase Energy's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Enphase Energy's whale activity within a strike price range from $50.0 to $150.0 in the last 30 days. 
<h3>Enphase Energy Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729628139_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$13.85</td>
<td>$13.55</td>
<td>$13.55</td>
<td>$85.00</td>
<td>$418.8K</td>
<td>159</td>
<td style="text-align: right;">460</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.8</td>
<td>$10.75</td>
<td>$10.79</td>
<td>$95.00</td>
<td>$410.3K</td>
<td>4.3K</td>
<td style="text-align: right;">467</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$10.85</td>
<td>$10.8</td>
<td>$10.76</td>
<td>$95.00</td>
<td>$201.2K</td>
<td>4.3K</td>
<td style="text-align: right;">963</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$13.8</td>
<td>$13.55</td>
<td>$13.55</td>
<td>$85.00</td>
<td>$196.7K</td>
<td>159</td>
<td style="text-align: right;">148</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.3</td>
<td>$9.1</td>
<td>$9.3</td>
<td>$90.00</td>
<td>$186.0K</td>
<td>1.8K</td>
<td style="text-align: right;">348</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
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.
After a thorough review of the options trading surrounding Enphase Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Enphase Energy Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 5,080,893, with ENPH's price up by 2.28%, positioned at $92.48.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 0 days.</li>
</ul>
<h3>Expert Opinions on Enphase Energy</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $99.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Enphase Energy, targeting a price of $110. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Enphase Energy with a target price of $99. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Underperform rating for Enphase Energy, targeting a price of $84. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Enphase Energy, targeting a price of $104. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $100. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Enphase Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Decoding Enphase Energy's Options Activity: What's the Big Picture?

Enphase Sees Q4 Revenue $360M-$400M, Non-GAAP Gross Margin 49.0%-52.0%

WIIM

Enphase Energy shares are trading lower after the company reported worse-than-expected Q3 financial results.

Earnings Misses

Enphase Energy Q3 2024 Adj. EPS $0.65 Misses $0.77 Estimate, Sales $380.900M Miss $391.979M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$143.00</td>
<td>$74.8K</td>
<td>19.9K</td>
<td>97.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$120.00</td>
<td>$515.9K</td>
<td>2.3K</td>
<td>2.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$210.00</td>
<td>$34.2K</td>
<td>1.8K</td>
<td>1.9K</td>
</tr>
<tr>
<td>APH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$70.00</td>
<td>$62.7K</td>
<td>8.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$40.00</td>
<td>$116.0K</td>
<td>5.7K</td>
<td>1.3K</td>
</tr>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$180.00</td>
<td>$124.8K</td>
<td>979</td>
<td>1.1K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$122.00</td>
<td>$25.4K</td>
<td>432</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$440.00</td>
<td>$48.0K</td>
<td>2.5K</td>
<td>706</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$95.00</td>
<td>$38.7K</td>
<td>493</td>
<td>549</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$200.00</td>
<td>$74.4K</td>
<td>2.6K</td>
<td>423</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on October 25, 2024. Parties traded 272 contract(s) at a $143.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $74.8K, with a price of $275.0 per contract. There were 19907 open contracts at this strike prior to today, and today 97576 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bearish sentiment. It expires in 297 day(s) on August 15, 2025. Parties traded 607 contract(s) at a $120.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $515.9K, with a price of $850.0 per contract. There were 2398 open contracts at this strike prior to today, and today 2715 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 10 day(s) on November 1, 2024. Parties traded 20 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $34.2K, with a price of $1710.0 per contract. There were 1822 open contracts at this strike prior to today, and today 1997 contract(s) were bought and sold. 
• Regarding APH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>), we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on November 15, 2024. Parties traded 369 contract(s) at a $70.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $170.0 per contract. There were 8706 open contracts at this strike prior to today, and today 1474 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on October 25, 2024. Parties traded 400 contract(s) at a $40.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $116.0K, with a price of $290.0 per contract. There were 5736 open contracts at this strike prior to today, and today 1324 contract(s) were bought and sold. 
• Regarding FSLR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), we observe a put option sweep with neutral sentiment. It expires in 24 day(s) on November 15, 2024. Parties traded 156 contract(s) at a $180.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $124.8K, with a price of $800.0 per contract. There were 979 open contracts at this strike prior to today, and today 1125 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on October 25, 2024. Parties traded 165 contract(s) at a $122.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $154.0 per contract. There were 432 open contracts at this strike prior to today, and today 1030 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option sweep with bullish sentiment. It expires in 150 day(s) on March 21, 2025. Parties traded 20 contract(s) at a $440.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $2400.0 per contract. There were 2589 open contracts at this strike prior to today, and today 706 contract(s) were bought and sold. 
• Regarding ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on October 25, 2024. Parties traded 102 contract(s) at a $95.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $38.7K, with a price of $380.0 per contract. There were 493 open contracts at this strike prior to today, and today 549 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option trade that happens to be bearish, expiring in 451 day(s) on January 16, 2026. This event was a transfer of 20 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $74.4K, with a price of $3720.0 per contract. There were 2622 open contracts at this strike prior to today, and today 423 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DELL

FSLR

MSFT

MSTR

NVDA

PLTR

10 Information Technology Stocks Whale Activity In Today's Session

Wall Street traded lower for the second consecutive day on Tuesday, as investor sentiment turned cautious with the U.S. presidential election <a href="https://www.benzinga.com/topic/2024-elections">just two weeks away. </a>
Concerns over U.S. fiscal policies and potential shifts in economic direction fueled the pause in risk-taking.
The International Monetary Fund (IMF) upgraded its U.S. growth forecasts for 2024 and 2025 in the latest World Economic Outlook, while also flagging rising concerns about the country's debt trajectory, warning that with current large fiscal deficits, &#8220;the U.S. public debt is not stabilized.&#8221;
Commodities were the standout performers on Tuesday, with both metals and energy experiencing notable gains.
Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), rose 0.8%, pushing further into record territory. This increase extended its year-to-date performance to 34%, positioning gold for its strongest <a href="https://www.benzinga.com/markets/bonds/24/10/41455678/gold-on-track-for-best-year-since-1979-veteran-investor-says-sell-bonds-buy-gold">annual gain since 1979.</a> Gold miners, as represented by the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), rallied for the ninth consecutive session, hitting their highest levels in over four years.
Silver, tracked by the iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>), surged 2.8%, reaching levels not seen since October 2012.
Oil prices rallied nearly 3%, building on a 2% surge from Monday. U.S. Treasury yields ticked up modestly on Tuesday following Monday's spike, with the 10-year yield settling at 4.21%.
Meanwhile, the U.S. Dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), climbed past the 104 mark, continuing its steady ascent and eyeing a fourth consecutive week of gains.
In the cryptocurrency market, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 0.5%, dipping to around $67,000 and marking its second consecutive day of declines.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In US Major Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %change</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,907.57</td>
<td>-0.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,840.39</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,291.15</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,228.60</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:35 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.3% to $581.79.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.1% lower to $429.14.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.4% to $493.29.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% $221.04.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 0.6%. The Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Performers</h3>
General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) surged 9%, on track for its strongest session in nearly a year, after reporting stronger-than-expected earnings and announcing an additional $5 billion share buyback program extending into next year.
Other stocks reacting to earnings include: 
<ul>
<li>Southern Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>), up 1.5%</li>
<li>Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), down 6%</li>
<li>W.R. Berkley Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>), down 4.6%</li>
<li>Zion Bancorp. N.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>), up 6.8%</li>
<li>Wintrust Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>), up 1.6%</li>
<li>Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), up 8.8%</li>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), down over 8%</li>
<li>Danaher Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>), down 3%</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), down 4.4%</li>
<li>RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), down 0.4%</li>
<li>Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), down 5.8%</li>
<li>Fiserv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), down 0.4%</li>
<li>Moodys Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) down 4.5%</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), down 0.9%</li>
<li>Freeport-McMoran Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), up 1.4%</li>
<li>Kimberly-Clark Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>), down 4%</li>
<li>PulteGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), down 5.7%</li>
</ul>
Large-cap companies reporting earnings after the close include Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>), Manhattan Associates Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>), East West Bancorp. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) and Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)
Now Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/10/41455013/how-us-elections-could-impact-us-dollar-goldman-sachs-expects-greenback-will-remain-stronger-for-lon">How US Elections Could Impact US Dollar: Goldman Sachs Expects Greenback Will Remain &#8216;Stronger For Longer&#8217;</a></li>
</ul>
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PowerShares DB US Dollar Index Bullish Fund

WTFC

ZION

Stocks Fall, GM Eyes Best Day In A Year, Gold Breaks Records, Silver Hits 12-Year Highs: What's Driving Markets Tuesday?

Citigroup analyst Vikram Bagri maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Neutral and lowers the price target from $114 to $99.

Price Target

Analyst Ratings

Citigroup Maintains Neutral on Enphase Energy, Lowers Price Target to $99

Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is gearing up to report its <a href="https://www.benzinga.com/quote/ENPH/earnings">third-quarter earnings</a> after the market closes on Tuesday. Wall Street expects 77 cents per share and revenue of $391.98 million.
Investors, however, may be less optimistic. The solar energy stock has been under a cloud, dropping 31.10% year-to-date and slipping 6.10% over the past year. Most notably, the stock has taken a sharp dive of 22.72% in the past month as market sentiment soured ahead of the earnings report.
<h2 class="wp-block-heading">The Charts Show A Shadow Over Enphase Stock</h2>
As the company heads into its quarterly results, the technical charts don't paint a sunny picture for Enphase Energy's stock.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22073511/Screenshot-2024-10-22-at-5.04.44-PM.png" alt="" class="wp-image-607144" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22073511/Screenshot-2024-10-22-at-5.04.44-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22073511/Screenshot-2024-10-22-at-5.04.44-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Enphase's technical setup shows the stock trading well below key moving averages, suggesting more downside pressure. The share price of $90.42 is sitting beneath the eight-day, 20-day and 50-day simple moving averages, all of which indicate a bearish trend. 
The stock is also well below its 200-day moving average of $113.71, underscoring the extent of the stock&#8217;s current slump. Despite some signs of buying pressure, the trend remains firmly downward.
<h2 class="wp-block-heading">Momentum Indicators Leave Enphase Feeling The Heat</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22073527/Screenshot-2024-10-22-at-5.04.58-PM.png" alt="" class="wp-image-607145" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22073527/Screenshot-2024-10-22-at-5.04.58-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22073527/Screenshot-2024-10-22-at-5.04.58-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Momentum indicators are also adding to the gloom. The Moving Average Convergence Divergence (MACD) is at a negative 5.67, which suggests further selling pressure. 
The Relative Strength Index (RSI) is hovering at 28.06, signaling that the stock is oversold, which could hint at a short-term bounce. 
However, this oversold condition alone might not be enough to reverse the larger negative trend. Enphase is trading close to the lower end of its Bollinger Bands, which range from $88.09 to $125.32, indicating the stock is under significant pressure as earnings loom.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41402089/goldman-sachs-highlights-20-top-short-squeeze-opportunities-for-q3-earnings-season">Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season</a>
<h2 class="wp-block-heading">Analysts Are Cooling Off On Enphase</h2>
Analysts have been lowering their price targets for Enphase Energy stock as well. 
Citi recently trimmed its target from $114 to $99, maintaining a Neutral rating, while Piper Sandler lowered its target from $115 to $105. Royal Bank of Canada followed suit, downgrading the stock from outperform to sector perform, with a revised target of $100, down from $125. 
The consensus rating on the stock remains neutral, reflecting a wait-and-see attitude as the company prepares to release its earnings.
<h2 class="wp-block-heading">Will Earnings Be The Sunshine Enphase Needs?</h2>
At the time of publication, Enphase Energy is trading at $90.20, well below its recent highs and far from its key technical levels. 
With bearish signals from the charts and lower expectations from analysts, investors are hoping that Enphase Energy's third-quarter results can turn things around.
Until then, the outlook remains dim.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/esg/24/10/41401071/first-solar-nextera-enphase-what-post-election-scenarios-could-mean-for-renewable-powerhouses">First Solar, NextEra, Enphase: What Post-Election Scenarios Could Mean For Renewable Powerhouses</a></li>
</ul>
Image: Shutterstock

Technicals

Previews

Trading Ideas

Enphase Energy: Solar Stock Stuck In The Dark Hopes Earnings Spark A Turnaround

Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.
Analysts estimate that Enphase Energy will report an earnings per share (EPS) of $0.77. 
The market awaits Enphase Energy's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS missed by $0.05, leading to a 12.8% increase in the share price on the subsequent day.
Here's a look at Enphase Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.48</td>
<td>0.40</td>
<td>0.55</td>
<td>1.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.43</td>
<td>0.35</td>
<td>0.54</td>
<td>1.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>13.0%</td>
<td>-6.0%</td>
<td>17.0%</td>
<td>-15.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729519305_0.png" alt="eps graph" />
<h3>Tracking Enphase Energy's Stock Performance</h3>
Shares of Enphase Energy were trading at $91.64 as of October 18. Over the last 52-week period, shares are down 3.85%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<h3>Insights Shared by Analysts on Enphase Energy</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Enphase Energy.
A total of 19 analyst ratings have been received for Enphase Energy, with the consensus rating being Neutral. The average one-year price target stands at $112.53, suggesting a potential 22.8% upside.
<h3>Analyzing Ratings Among Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of Onto Innovation, Entegris and Amkor Tech, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Onto Innovation is favoring an Outperform trajectory, with an average 1-year price target of $255.0, suggesting a potential 178.26% upside.</li>
<li>Analysts currently favor an Buy trajectory for Entegris, with an average 1-year price target of $143.83, suggesting a potential 56.95% upside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Amkor Tech, with an average 1-year price target of $41.5, implying a potential 54.71% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary provides a snapshot of key metrics for Onto Innovation, Entegris and Amkor Tech, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Enphase Energy</td>
<td>Neutral</td>
<td>-57.33%</td>
<td>$137.17M</td>
<td>1.20%</td>
</tr>
<tr>
<td>Onto Innovation</td>
<td>Outperform</td>
<td>27.10%</td>
<td>$128.24M</td>
<td>2.93%</td>
</tr>
<tr>
<td>Entegris</td>
<td>Buy</td>
<td>-9.81%</td>
<td>$375.82M</td>
<td>1.95%</td>
</tr>
<tr>
<td>Amkor Tech</td>
<td>Buy</td>
<td>0.24%</td>
<td>$212.38M</td>
<td>1.66%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Enphase Energy ranks at the top for Gross Profit and Return on Equity among its peers. However, it ranks at the bottom for Revenue Growth. Overall, Enphase Energy is positioned well compared to its peers in terms of financial performance metrics.
<h3>Unveiling the Story Behind Enphase Energy</h3>
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.
<h3>Understanding the Numbers: Enphase Energy's Finances</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Enphase Energy's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -57.33%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Enphase Energy's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 3.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Enphase Energy's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.2%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Enphase Energy's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.34%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Enphase Energy's debt-to-equity ratio stands notably higher than the industry average, reaching 1.47. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/ENPH/earnings">To track all earnings releases for Enphase Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Enphase Energy's Earnings

Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Enphase Energy to report an earnings per share (EPS) of $0.77.
The market awaits Enphase Energy's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.05, leading to a 12.8% increase in the share price the following trading session.
Here's a look at Enphase Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.48</td>
<td>0.40</td>
<td>0.55</td>
<td>1.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.43</td>
<td>0.35</td>
<td>0.54</td>
<td>1.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>13.0%</td>
<td>-6.0%</td>
<td>17.0%</td>
<td>-15.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729519304_0.png" alt="eps graph" />
<h3>Performance of Enphase Energy Shares</h3>
Shares of Enphase Energy were trading at $91.64 as of October 18. Over the last 52-week period, shares are down 3.85%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Insights on Enphase Energy</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Enphase Energy.
Analysts have provided Enphase Energy with 19 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $112.53, suggesting a potential 22.8% upside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Onto Innovation, Entegris and Amkor Tech, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Onto Innovation received a Outperform consensus from analysts, with an average 1-year price target of $255.0, implying a potential 178.26% upside.</li>
<li>Analysts currently favor an Buy trajectory for Entegris, with an average 1-year price target of $143.83, suggesting a potential 56.95% upside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Amkor Tech, with an average 1-year price target of $41.5, implying a potential 54.71% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
In the peer analysis summary, key metrics for Onto Innovation, Entegris and Amkor Tech are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Enphase Energy</td>
<td>Neutral</td>
<td>-57.33%</td>
<td>$137.17M</td>
<td>1.20%</td>
</tr>
<tr>
<td>Onto Innovation</td>
<td>Outperform</td>
<td>27.10%</td>
<td>$128.24M</td>
<td>2.93%</td>
</tr>
<tr>
<td>Entegris</td>
<td>Buy</td>
<td>-9.81%</td>
<td>$375.82M</td>
<td>1.95%</td>
</tr>
<tr>
<td>Amkor Tech</td>
<td>Buy</td>
<td>0.24%</td>
<td>$212.38M</td>
<td>1.66%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Enphase Energy ranks at the top for Gross Profit and Return on Equity among its peers. However, it ranks at the bottom for Revenue Growth. Overall, Enphase Energy is positioned well compared to its peers in terms of financial performance metrics.
<h3>Discovering Enphase Energy: A Closer Look</h3>
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.
<h3>Breaking Down Enphase Energy's Financial Performance</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Enphase Energy's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -57.33%. This indicates a decrease in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 3.57%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Enphase Energy's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.2%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.34%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Enphase Energy's debt-to-equity ratio surpasses industry norms, standing at 1.47. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<a href="https://www.benzinga.com/quote/ENPH/earnings">To track all earnings releases for Enphase Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Investors with a lot of money to spend have taken a bearish stance on Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ENPH, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Enphase Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $134,200, and 5 are calls, for a total amount of $1,216,801.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $120.0 for Enphase Energy over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Enphase Energy's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Enphase Energy's whale activity within a strike price range from $70.0 to $120.0 in the last 30 days. 
<h3>Enphase Energy Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729269969_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$18.05</td>
<td>$17.8</td>
<td>$18.06</td>
<td>$95.00</td>
<td>$903.0K</td>
<td>89</td>
<td style="text-align: right;">518</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$19.5</td>
<td>$19.3</td>
<td>$19.3</td>
<td>$90.00</td>
<td>$185.2K</td>
<td>89</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$5.8</td>
<td>$5.75</td>
<td>$5.75</td>
<td>$120.00</td>
<td>$53.4K</td>
<td>548</td>
<td style="text-align: right;">203</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$6.1</td>
<td>$6.05</td>
<td>$6.1</td>
<td>$91.00</td>
<td>$42.0K</td>
<td>69</td>
<td style="text-align: right;">84</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$31.55</td>
<td>$31.5</td>
<td>$31.55</td>
<td>$120.00</td>
<td>$37.8K</td>
<td>3.0K</td>
<td style="text-align: right;">21</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
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.
Having examined the options trading patterns of Enphase Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Enphase Energy</h3>
<ul>
<li>With a volume of 1,007,918, the price of ENPH is down -0.69% at $90.94. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 4 days.</li>
</ul>
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Enphase Energy Unusual Options Activity For October 18

Goldman Sachs identified 20 stocks with high short interest that could be primed for a short squeeze, particularly if upcoming earnings reports exceed expectations, <a href="https://www.benzinga.com/short-interest/most-shorted">providing opportunities for traders</a>. 
In a note shared this week, analyst John Marshall and his team saw the potential for substantial upside for this group of stocks if the current trend of short-covering continues.
<h3 class="wp-block-heading">What Is A Short Squeeze?</h3>
A short squeeze happens when a stock with high short interest sees a rapid price surge, forcing short sellers to buy back shares to cover their positions. This buying frenzy often propels the stock price even higher. 
Short sellers bet that the price of a stock will fall, borrowing shares to sell them at the current price with the intent of repurchasing them at a lower price. 
When a stock rises instead, short sellers scramble to cover their positions, accelerating the stock&#8217;s upward momentum.
Short squeezes typically occur when heavily shorted stocks see unexpected positive news or earnings results, triggering forced buying.
<h3 class="wp-block-heading">Relief Rallies On Earnings</h3>
Goldman analysts also highlighted that heavily shorted stocks tend to be more prone to &#8220;relief rallies&#8221; around earnings. 
A relief rally occurs when stocks perform better than expected after earnings, alleviating bearish concerns and pushing share prices higher.
"We see greater than normal potential for relief rallies on earnings," said Marshall.
The Goldman Sachs team screened for 20 stocks with high short interest, liquid options, upcoming earnings, and a Buy rating from their equity research department.
Analysts at Goldman Sachs recommend to buy call options in order to bet on a potential short squeeze. 
Call options give investors the right, but not the obligation, to buy a stock at a specific price within a set timeframe. This strategy limits risk while allowing for participation in any significant price increases due to a short squeeze or positive earnings surprise.
See Also: <a href="https://www.benzinga.com/markets/24/10/41302909/18-stocks-to-buy-7-to-sell-this-earnings-season-goldman-sachs-calls-it-the-year-of-the-stock-picker">18 Stocks To Buy, 7 To Sell This Earnings Season: Goldman Sachs Calls It &#8216;The Year Of The Stock Picker&#8217;</a>
<h3 class="wp-block-heading">Goldman Sachs Names 20 Stocks Primed For Short-Squeeze Rallies</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Earnings Date</th>
<th>Short Interest (% of Float)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>)</td>
<td>Dec 4 (After Market Close)</td>
<td>10.7%</td>
</tr>
<tr>
<td>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</td>
<td>Oct 22 (AMC)</td>
<td>10.6%</td>
</tr>
<tr>
<td>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)</td>
<td>Oct 31 (Before Market Open)</td>
<td>9.1%</td>
</tr>
<tr>
<td>Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>)</td>
<td>Nov 6 (AMC)</td>
<td>8.4%</td>
</tr>
<tr>
<td>Dick&#8217;s Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>)</td>
<td>Nov 19 (BMO)</td>
<td>7.6%</td>
</tr>
<tr>
<td>Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>)</td>
<td>Nov 19 (BMO)</td>
<td>7.1%</td>
</tr>
<tr>
<td>TKO Group Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>)</td>
<td>Nov 6 (AMC)</td>
<td>6.8%</td>
</tr>
<tr>
<td>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>)</td>
<td>Nov 27 (BMO)</td>
<td>5.8%</td>
</tr>
<tr>
<td>ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>Oct 28 (BMO)</td>
<td>5.6%</td>
</tr>
<tr>
<td>Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>)</td>
<td>Nov 5 (BMO)</td>
<td>5.5%</td>
</tr>
<tr>
<td>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</td>
<td>Oct 31 (AMC)</td>
<td>5.3%</td>
</tr>
<tr>
<td>Expedia Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>)</td>
<td>Nov 7 (AMC)</td>
<td>5.2%</td>
</tr>
<tr>
<td>Vertiv Holdings Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>)</td>
<td>Oct 23 (BMO)</td>
<td>5.2%</td>
</tr>
<tr>
<td>Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>Oct 29 (BMO)</td>
<td>4.9%</td>
</tr>
<tr>
<td>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>Oct 29 (AMC)</td>
<td>4.8%</td>
</tr>
<tr>
<td>MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>)</td>
<td>Dec 3 (BMO)</td>
<td>4.7%</td>
</tr>
<tr>
<td>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)</td>
<td>Nov 25 (AMC)</td>
<td>4.7%</td>
</tr>
<tr>
<td>Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>)</td>
<td>Oct 30 (BMO)</td>
<td>4.7%</td>
</tr>
<tr>
<td>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>)</td>
<td>Nov 27 (AMC)</td>
<td>4.5%</td>
</tr>
<tr>
<td>CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</td>
<td>Nov 26 (AMC)</td>
<td>4.4%</td>
</tr>
</tbody>
</table>
</figure>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41314387/most-widely-hated-bull-market-reaches-2-year-milestone-top-20-s-p-500-stocks-drivin">&#8216;Most Widely Hated&#8217; Bull Market Reaches 2-Year Milestone: Top 20 S&amp;P 500 Stocks Driving The Rally</a></li>
</ul>
Image: Shutterstock

Analyst Color

AFRM

CHWY

CRWD

DKNG

DLTR

EXPE

GNRC

MRNA

SNOW

Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season

With 17 days to Election Day, analysts are eyeing renewable energy companies as potential <a href="https://www.benzinga.com/topic/2024-election">market movers post-election</a>.
JPMorgan&#8217;s Mark Strouse has his sights set on First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), NextEra Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), and Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>). 
Depending on the outcome on Nov. 5, these companies could either ride a relief rally or face some uncertainty. Either way, there&#8217;s action on the horizon.
Read Also: <a href="https://www.benzinga.com/news/24/10/41277250/whats-going-on-with-first-solar-stock">What&#8217;s Going On With First Solar Stock?</a>
<h2 class="wp-block-heading">&#8216;Knee-Jerk Relief Rally&#8217; For The Election Darlings?</h2>
Two potential election outcomes may drive an initial boost for renewable stocks, Strouse says. 
A &#8220;Democrat sweep or Trump/Harris win with a split Congress&#8221; could lead to a &#8220;knee-jerk relief rally&#8221; for renewables, particularly for companies like First Solar, NextEra and Enphase. Investors could breathe a sigh of relief, with the view that the Inflation Reduction Act (IRA) will remain intact, ensuring strong tailwinds for these renewable giants.
For First Solar, in particular, a Donald Trump victory could be a blue-sky scenario. Strouse believes that &#8220;Mr. Trump could also implement incremental tariffs on imports, providing upside to FSLR pricing vs. international competitors.&#8221; Translation: if tariffs hit, First Solar stands to gain.
See Also: <a href="https://www.benzinga.com/news/24/10/41395812/paul-krugman-warns-trumps-tariff-plan-could-rewind-economic-progress-90-years-and-ignite-global-conf">Trump&#8217;s Tariff Plan Could Rewind Economic Progress 90 Years and Ignite Global Conflict, Economist Warns</a>
<h2 class="wp-block-heading">Trump Victory With A Split Congress: First Solar's Dream Scenario?</h2>
A Trump win with a split Congress could be just what First Solar needs. The IRA would remain untouched and additional tariffs could give First Solar a pricing advantage over international competitors. For investors, this could mean a big upside for the stock in 2024.
With First Solar already flexing its muscles in the U.S. market, the possibility of incremental tariffs under a Trump administration could only add to its bullish trajectory. It's a stock to watch closely in the event of this political shake-up.
<h2 class="wp-block-heading">Renewables Stocks Like Sunrun, Sunnova Could Still Shine</h2>
Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) and Sunnova Energy International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) are also poised to benefit from election outcomes. 
A split Congress could keep the IRA intact, benefiting both companies. Strouse also sees potential upside if Foreign Entity of Concern (FEOC) limits widen, as this would be another positive factor for U.S.-based renewable companies, especially those with a domestic content advantage.
However, a Republican sweep could shift the narrative, potentially delaying investor enthusiasm for stocks like Sunrun and Sunnova. 
Strouse acknowledges that investors may &#8220;await further policy clarity&#8221; before buying any post-election dips in these companies.
See Also: <a href="https://www.benzinga.com/news/24/10/41312782/trumps-economic-policies-expected-to-drive-inflation-and-deficits-higher-than-harris-economists-say">Trump&#8217;s Economic Policies Expected To Drive Inflation And Deficits Higher Than Harris,&#8217; Economists Say</a>
<h2 class="wp-block-heading">A Republican Sweep: Uncertainty Lingers For Offshore Wind &amp; EV Charging Stocks</h2>
While Strouse remains largely optimistic about the core solar stocks, he warns that a Republican sweep could create more uncertainty for less mature markets like offshore wind and EV charging infrastructure. 
Stocks tied to these sectors could face headwinds as policy clarity may take longer to develop. But for the big players—First Solar, NextEra, and Enphase—the fundamentals look strong regardless of political outcomes.
<h2 class="wp-block-heading">Election Results Could Shake Up Renewable Stocks</h2>
As we approach election season, the future for renewable stocks like First Solar, NextEra, and Enphase looks bright, but also volatile. Strouse's analysis provides a clear roadmap for investors: keep an eye on the post-election reaction, especially if First Solar gets the perfect political storm in its favor.
The market's reaction may be swift, so buckle up and stay alert—these renewable energy leaders could see big moves after the election.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/24/10/41122845/elon-musks-solar-vision-sparks-excitement-whats-next-for-enphase-solaredge-first-solar">Elon Musk&#8217;s Solar Vision Sparks Excitement: What&#8217;s Next For Enphase, SolarEdge, First Solar?</a></li>
</ul>

Long Ideas

Politics

NOVA

First Solar, NextEra, Enphase: What Post-Election Scenarios Could Mean For Renewable Powerhouses

Deep-pocketed investors have adopted a bearish approach towards Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ENPH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Enphase Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 50% bearish. Among these notable options, 5 are puts, totaling $303,500, and 5 are calls, amounting to $225,910.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $75.0 and $120.0 for Enphase Energy, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Enphase Energy stands at 524.9, with a total volume reaching 625.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Enphase Energy, situated within the strike price corridor from $75.0 to $120.0, throughout the last 30 days.
<h3>Enphase Energy Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729187283_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/25/24</td>
<td>$5.85</td>
<td>$5.7</td>
<td>$5.75</td>
<td>$93.00</td>
<td>$172.5K</td>
<td style="text-align: right;">598</td>
<td style="text-align: right;">316</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$14.4</td>
<td>$14.4</td>
<td>$14.4</td>
<td>$80.00</td>
<td>$84.9K</td>
<td style="text-align: right;">60</td>
<td style="text-align: right;">61</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$11.1</td>
<td>$10.1</td>
<td>$11.0</td>
<td>$90.00</td>
<td>$44.0K</td>
<td style="text-align: right;">873</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.85</td>
<td>$11.85</td>
<td>$12.85</td>
<td>$95.00</td>
<td>$38.5K</td>
<td style="text-align: right;">640</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$5.1</td>
<td>$5.05</td>
<td>$5.1</td>
<td>$92.00</td>
<td>$35.7K</td>
<td style="text-align: right;">314</td>
<td style="text-align: right;">77</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
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.
<h3>Enphase Energy's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,392,772, with ENPH's price up by 0.08%, positioned at $93.2.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 5 days.</li>
</ul>
<h3>Expert Opinions on Enphase Energy</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $103.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from BMO Capital has decided to maintain their Market Perform rating on Enphase Energy, which currently sits at a price target of $104. 
&#x2A; An analyst from Morgan Stanley persists with their Equal-Weight rating on Enphase Energy, maintaining a target price of $102. 
&#x2A; An analyst from Susquehanna downgraded its action to Neutral with a price target of $104. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Enphase Energy with a target price of $105. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $100. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Enphase Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

What the Options Market Tells Us About Enphase Energy

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>HSBC analyst Shubhangi Gupta upgraded the rating for Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) from Hold to Buy and announced a $180 price target. Illumina shares closed at $147.61 on Wednesday. <a href="https://www.benzinga.com/quote/ILMN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst George Staphos upgraded O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) from Neutral to Buy and boosted the price target from $14 to $16. O-I Glass shares closed at $12.77 on Tuesday. <a href="https://www.benzinga.com/quote/OI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Adam Klauber upgraded the rating for The Baldwin Insurance Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWIN#NASDAQ">BWIN</a>) from Market Perform to Outperform. Baldwin Insurance shares closed at $52.58 on Tuesday. <a href="https://www.benzinga.com/quote/BWIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst George Staphos upgraded Avery Dennison Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) from Underperform to Buy and increased the price target from $207 to $25. Avery Dennison shares closed at $219.88 on Wednesday. <a href="https://www.benzinga.com/quote/WVY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim analyst Joseph Osha upgraded the rating for Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Sell to Neutral. Enphase Energy shares closed at $92.04 on Wednesday. <a href="https://www.benzinga.com/quote/ENPH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ILMN stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-1024x500.png" alt="" class="wp-image-600564" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147.png 1357w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Upgrades

Pre-Market Outlook

BWIN

ILMN

This Illumina Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

Piper Sandler analyst Kashy Harrison maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Neutral and lowers the price target from $115 to $105.

Piper Sandler Maintains Neutral on Enphase Energy, Lowers Price Target to $105

Guggenheim analyst Joseph Osha upgrades Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Sell to Neutral.

Guggenheim Upgrades Enphase Energy to Neutral

Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) has outperformed the market over the past 10 years by 9.33% on an annualized basis producing an average annual return of 20.95%. Currently, Enphase Energy has a market capitalization of $12.52 billion. 
Buying $100 In ENPH: If an investor had bought $100 of ENPH stock 10 years ago, it would be worth $756.00 today based on a price of $92.47 for ENPH at the time of writing.
<h3>Enphase Energy's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729107110_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $800 Today

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Enphase Energy, Inc. (ENPH) Q3 2024 Earnings Call Transcript

SBUX

SEDG

USNA

VICR

Press Releases

General

Enphase Energy Announces Solution for Expanding Legacy NEM Solar Energy Systems in California

Enphase Energy Begins Shipments of IQ8 Microinverters with Higher Domestic Content

Marathon Capital Hires James Fitzgerald as Head of Institutional Sales

Enphase Energy Launches IQ Battery 5P and IQ Energy Management Software in Belgium

Enphase Brings IQ Battery to India, Offering Energy Independence Amid Outages

Enphase Energy Launches IQ8X Microinverters and Extends Warranty on IQ8 Series Microinverters to 25 Years in Australia

Enphase Energy Announces Conference Call to Review Third Quarter 2024 Financial Results

Enphase Energy Expands its Support for Grid Services Programs Across the United States

Enphase Energy Launches IQ8X Microinverters in the Netherlands and Austria, and IQ8 Series in Malta and New Caledonia

Enphase Energy Reports Financial Results for the Third Quarter of 2024

AMPS

ARRY

CHPT

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SPWRQ

STEM

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