Enphase Energy Option Alert: Jan 16 $45 Calls Sweep (12) near the Ask: 1060 vs 25135 OI

Enphase Energy Option Alert: Jan 16 $45 Calls Sweep (12) near the Ask: 1060 @ $6.15 vs 25135 OI; Ref=$40.23

Enphase Energy Option Alert: Jan 16 $45 Calls at the Bid: 1846 vs 25135 OI

Enphase Energy Option Alert: Jan 16 $45 Calls at the Bid: 1846 @ $6.05 vs 25135 OI; Ref=$40.0

Enphase Energy Option Alert: Jan 16 $45 Calls at the Ask: 1993 vs 25135 OI

Enphase Energy Option Alert: Jan 16 $45 Calls at the Ask: 1993 @ $6.45 vs 25135 OI; Ref=$40.66

Enphase Energy (NASDAQ:ENPH) Bolsa

ENPHASE ENERGY INC

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.

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La jornada bursátil dejó movimientos clave en acciones tech y energéticas, impulsadas por anuncios corporativos y cambios estratégicos.

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Acciones tecnológicas con valoraciones atractivas y gran potencial de crecimiento. Desde energía renovable hasta TI, descubre dónde invertir.

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Enphase Energy Inc

Enphys Acquisition Corp

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

Enphys Acquisition Corp Warrants (01/01/9999)

Looking into the current session, Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) shares are trading at $40.60, after a 0.87% spike. Moreover, over the past month, the stock spiked by 7.99%, but in the past year, fell by 63.61%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1752696031_0_0.png" alt="Past Year Chart" />

<h3>Enphase Energy P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Enphase Energy has a lower P/E than the aggregate P/E of 73.96 of the Semiconductors &amp; Semiconductor Equipment industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1752696031_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Enphase Energy

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has experienced a wave of executive departures over the past year as CEO Elon Musk became involved in politics and the company <a href="https://www.benzinga.com/markets/tech/25/06/46132042/teslas-q2-sales-going-to-s-says-gary-black-after-tsla-north-america-and-europe-chief-omead-afshars-exit">suffered a downturn in sales.</a>
The company has experienced a high rate of executive turnover in the past as well, with notable waves of departures before 2024. 
Here&#8217;s a look at the most recent wave of departures and some notable executive exits from Tesla&#8217;s history. 
Read Next:<a href="https://www.benzinga.com/markets/large-cap/25/07/46426351/teslas-sales-turmoil-deepens-with-north-america-sales-chiefs-exit?utm_source=articleShare"> Tesla&#8217;s Sales Turmoil Deepens With North America Sales Chief&#8217;s Exit</a>
<h1 class="wp-block-heading">Key Recent Departures From Tesla (2024-Present Day)</h1>
The recent Tesla exodus has led to questions about the company&#8217;s ability to retain top talent and maintain its competitive edge, especially as it shifts focus toward robotics and autonomous driving while facing a downturn in its core automotive business. 
<ul class="wp-block-list">
<li>Troy Jones: Tesla's vice president of sales, service and delivery for North America, left the company in July 2025 after a 15-year tenure. His departure comes amid <a href="https://www.benzinga.com/markets/large-cap/25/07/46426351/teslas-sales-turmoil-deepens-with-north-america-sales-chiefs-exit">declining sales</a> and increased competition in Tesla's largest market<a href="https://electrek.co/2025/07/15/tesls-long-time-head-sales-north-america-out/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.reuters.com/business/autos-transportation/teslas-top-north-american-sales-executive-leaves-wsj-reports-2025-07-15/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.wsj.com/business/autos/tesla-troy-jones-north-american-sales-leaves-b2ac616d" target="_blank" rel="noreferrer noopener"></a><a href="https://finance.yahoo.com/news/tesla-loses-another-top-sales-181644077.html" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Omead Afshar: Formerly head of North American and European operations and a close confidant of Musk, Afshar was dismissed in June 2025. His exit is seen as a pivotal moment, highlighting governance challenges and a leadership vacuum at Tesla<a href="https://www.businessinsider.com/tesla-executives-who-left-company-elon-musk-layoffs-2024-5" target="_blank" rel="noreferrer noopener"></a><a href="https://www.ainvest.com/news/tesla-leadership-crisis-erosion-market-dominance-2506/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.reuters.com/legal/transactional/tesla-executive-elon-musk-confidant-leaves-ev-maker-bloomberg-news-reports-2025-06-26/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.ainvest.com/news/tesla-leadership-exodus-executive-chaos-derail-musk-vision-2507/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Jenna Ferrua: Head of human resources in North America, recently exited, <a href="https://www.benzinga.com/markets/tech/25/06/46125266/thank-you-elon-musks-longtime-aide-reportedly-fired-days-after-public-praise">further contributing</a> to the leadership shakeup<a href="https://electrek.co/2025/07/15/tesls-long-time-head-sales-north-america-out/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Milan Kovac: Led the Optimus humanoid<a href="https://www.benzinga.com/markets/tech/25/06/45826839/elon-musks-tesla-optimus-robot-program-head-milan-kovac-steps-down"> robot program</a>, left in June 2025, signaling technical and strategic challenges in Tesla's robotics ambitions<a href="https://www.reuters.com/business/autos-transportation/teslas-top-north-american-sales-executive-leaves-wsj-reports-2025-07-15/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.ainvest.com/news/tesla-leadership-exodus-executive-chaos-derail-musk-vision-2507/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Vineet Mehta: Top battery executive, departed in May 2025, raising concerns about Tesla's ability to maintain<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/11/29780161/elon-musks-successor-as-tesla-ceo-analyst-names-apple-ex-volkswagen-execs-among-lea"> its edge</a> in battery innovation<a href="https://www.reuters.com/business/autos-transportation/teslas-top-north-american-sales-executive-leaves-wsj-reports-2025-07-15/" target="_blank" rel="noreferrer noopener"></a><a href="https://www.ainvest.com/news/tesla-leadership-exodus-executive-chaos-derail-musk-vision-2507/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Rebecca Tinucci: Senior director of supercharging, left in April 2024 along with her entire team, impacting Tesla's charging infrastructure relationships with other automakers<a href="https://www.businessinsider.com/tesla-executives-who-left-company-elon-musk-layoffs-2024-5" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Drew Baglino: Senior vice president and head of engineering and technology development for batteries, resigned <a href="https://www.benzinga.com/tech/25/01/43377716/tesla-employee-headcount-drops-after-april-layoff">in April 2024 </a>after 18 years at Tesla<a href="https://fortune.com/2024/04/23/tesla-elon-musk-ceo-executive-resign-earnings-call-electric-vehicle/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Martin Viecha: Vice president of investor relations, left in April 2024, marking the third high-level exit in two weeks at that time<a href="https://fortune.com/2024/04/23/tesla-elon-musk-ceo-executive-resign-earnings-call-electric-vehicle/" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Rohan Patel: Vice president of public policy and business development, also left in early 2024<a href="https://fortune.com/2024/04/23/tesla-elon-musk-ceo-executive-resign-earnings-call-electric-vehicle/" target="_blank" rel="noreferrer noopener"></a>.</li>
</ul>
<h1 class="wp-block-heading">Notable Executive Departures (2016–2023)</h1>
A significant number of senior leaders have left Tesla often amid production challenges, regulatory scrutiny and questions about the company's long-term profitability. Some of the most prominent departures include:
<ul class="wp-block-list">
<li>Jon McNeill: President of global sales and services, left in February 2018 and became COO of Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)</li>
<li>Eric Branderiz: Chief accounting officer, left in March 2018 and became CFO of Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</li>
<li>Jim Keller: Head of autopilot hardware engineering, left in April 2018 and became head of silicon engineering at Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
<li>Sarah O&#8217;Brien: Vice president of communications, left in September 2018 and became vide president of executive communications for Facebook at Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>JB Straubel: Chief technology officer, left in July 2019 and continued as an advisor to Tesla</li>
<li>Deepak Ahuja: Chief financial officer, left in March 2019 and retired</li>
<li>Sanjay Shah: Senior vice president of energy operations, left in September 2019 and joined Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) as COO.</li>
<li>Valerie Capers Workman: Head of human resources, left in 2022. Workman was one of Tesla's <a href="https://www.benzinga.com/news/21/10/23240246/how-tesla-is-responding-to-137m-jury-verdict-for-racism-in-workplace">most senior </a>Black executives and left to join Handshake as chief legal officer<a href="https://www.businessinsider.com/tesla-valerie-capers-workman-hr-boss-leaving-company-2022-1" target="_blank" rel="noreferrer noopener"></a>.</li>
<li>Zachary Kirkhorn: Chief financial officer, left in August 2023 with <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33616867/why-did-tesla-cfo-quit-musk-cites-long-tour-of-duty-but-2-analysts-have-their-own-t">no public reason</a> given for his departure<a href="https://www.cnn.com/2023/08/07/business/tesla-cfo-resigns" target="_blank" rel="noreferrer noopener"></a>.</li>
</ul>
Tesla's history of executive turnover is not a recent phenomenon but a persistent feature of its corporate culture, reflecting both the intense demands of its mission and the challenges of working under Musk's leadership.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46374434/joby-aviation-stock-goes-vertical-as-secret-massive-drone-achieves-9-hour-flight?utm_source=articleShare">Joby Aviation Stock Goes Vertical As Secret, Massive Drone Achieves 9-Hour Flight</a></li>
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Photo: Shutterstock

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Tesla Leaders Take The Exit Lane: Where Have All The Execs Gone?

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<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>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$172.50</td>
<td>$33.0K</td>
<td>1.1K</td>
<td>53.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$435.00</td>
<td>$34.4K</td>
<td>24.0K</td>
<td>24.5K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$20.00</td>
<td>$96.3K</td>
<td>75.2K</td>
<td>17.9K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$160.00</td>
<td>$28.4K</td>
<td>2.3K</td>
<td>17.2K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$18.00</td>
<td>$83.4K</td>
<td>44.1K</td>
<td>13.5K</td>
</tr>
<tr>
<td>CRCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$210.00</td>
<td>$189.4K</td>
<td>3.5K</td>
<td>3.9K</td>
</tr>
<tr>
<td>VNET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$7.00</td>
<td>$613.2K</td>
<td>10.4K</td>
<td>3.2K</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$1.2 million</td>
<td>25.1K</td>
<td>3.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$145.00</td>
<td>$34.1K</td>
<td>3.5K</td>
<td>2.6K</td>
</tr>
<tr>
<td>SQNS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.00</td>
<td>$54.0K</td>
<td>5.0K</td>
<td>2.5K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on July 18, 2025. This event was a transfer of 100 contract(s) at a $172.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $330.0 per contract. There were 1188 open contracts at this strike prior to today, and today 53009 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on July 18, 2025. This event was a transfer of 20 contract(s) at a $435.00 strike. The total cost received by the writing party (or parties) was $34.4K, with a price of $1720.0 per contract. There were 24089 open contracts at this strike prior to today, and today 24557 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on July 18, 2025. Parties traded 3000 contract(s) at a $20.00 strike. This particular call needed to be split into 56 different trades to become filled. The total cost received by the writing party (or parties) was $96.3K, with a price of $32.0 per contract. There were 75291 open contracts at this strike prior to today, and today 17951 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be bullish, expiring in 10 day(s) on July 25, 2025. This event was a transfer of 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $284.0 per contract. There were 2396 open contracts at this strike prior to today, and today 17207 contract(s) were bought and sold. 
• For IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we notice a call option trade that happens to be bearish, expiring in 248 day(s) on March 20, 2026. This event was a transfer of 200 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $83.4K, with a price of $417.0 per contract. There were 44124 open contracts at this strike prior to today, and today 13595 contract(s) were bought and sold. 
• For CRCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on July 18, 2025. This event was a transfer of 500 contract(s) at a $210.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $189.4K, with a price of $376.0 per contract. There were 3512 open contracts at this strike prior to today, and today 3987 contract(s) were bought and sold. 
• For VNET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on July 18, 2025. This event was a transfer of 3000 contract(s) at a $7.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $613.2K, with a price of $203.0 per contract. There were 10494 open contracts at this strike prior to today, and today 3256 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 trade with bullish sentiment. It expires in 185 day(s) on January 16, 2026. Parties traded 1993 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $645.0 per contract. There were 25135 open contracts at this strike prior to today, and today 3237 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a call option trade with bullish sentiment. It expires in 10 day(s) on July 25, 2025. Parties traded 50 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $683.0 per contract. There were 3534 open contracts at this strike prior to today, and today 2636 contract(s) were bought and sold. 
• Regarding SQNS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>), we observe a call option trade with bearish sentiment. It expires in 185 day(s) on January 16, 2026. Parties traded 500 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $108.0 per contract. There were 5071 open contracts at this strike prior to today, and today 2518 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CRCL

IREN

MARA

MSTR

NVDA

PLTR

SQNS

VNET

10 Information Technology Stocks With Whale Alerts In Today's Session

JP Morgan analyst Mark Strouse downgrades Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Overweight to Neutral and lowers the price target from $64 to $37.

Downgrades

Price Target

Analyst Ratings

JP Morgan Downgrades Enphase Energy to Neutral, Lowers Price Target to $37

Barclays analyst Christine Cho maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Underweight and lowers the price target from $40 to $28.

Barclays Maintains Underweight on Enphase Energy, Lowers Price Target to $28

Mizuho analyst Maheep Mandloi maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Outperform and lowers the price target from $53 to $50.

Mizuho Maintains Outperform on Enphase Energy, Lowers Price Target to $50

Wall Street is poised to conclude the week on a cautious note, with equities easing on Friday after President Donald Trump signaled a <a href="https://www.benzinga.com/topic/donald-trump">more aggressive trade stance. </a>
A formal letter outlining tariff intentions is expected to be delivered to EU leaders in the coming hours, following Trump&#8217;s announcement earlier this week of a 35% tariff on Canadian imports starting Aug. 1 and blanket duties of 15% to 20% on most other trading partners.
The S&amp;P 500 dipped 0.2% and the Nasdaq Composite was flat, after both notched fresh record highs on Thursday. The Dow Jones Industrial Average fell nearly 300 points, dragged down by renewed fears of a global trade escalation and weak sentiment in industrials and financials. Small caps, which had outperformed in recent sessions, dropped over 1%. 
Treasury markets reflected the increased anxiety. The yield on the 10-year U.S. Treasury note climbed nearly 4 basis points to 4.39%, as investors braced for potential inflationary effects from tariffs.
Commodities took center stage, with gold jumping over 1% to $3,355 per ounce, supported by safe-haven flows amid deepening trade frictions. Silver extended its bullish run, surging past $38 per ounce, its highest level in nearly 14 years.
Crude oil prices also regained momentum, with West Texas Intermediate (WTI) futures rising above $68 per barrel, recovering from a 2.5% loss in the prior session.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pulled back modestly after hitting a new all-time high of $118,839 overnight. The largest cryptocurrency was last trading near $117,500 as broader risk sentiment weakened. 
<h2 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,842.01</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,267.82</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,374.39</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,242.18</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) fell 0.3% to $573.92.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropped 0.6% to $443.91.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;flattened at $555.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropped $222.59.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 0.5%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.1%.</li>
</ul>
<h2 class="wp-block-heading">Friday&#8217;s Stock Movers</h2>
<ul class="wp-block-list">
<li>Halliburton Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) rallied 3.7% after TD Cowen raised its price target to $36 from $32, while reiterating a Buy rating.</li>
<li>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.5% after HSBC lowered its price target to $47 from $50, maintaining a Hold rating.</li>
<li>
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<path d="M6.24992 11.0417C6.65578 11.0417 7.04227 10.9587 7.39339 10.809C7.05099 11.7065 6.35374 12.9827 5.29864 13.1333C4.84303 13.1985 4.52644 13.6206 4.59153 14.0762C4.65662 14.5318 5.07873 14.8484 5.53434 14.7832C7.66169 14.4794 8.93792 12.0592 9.30742 10.1591C9.50975 9.11833 9.48792 7.98412 9.04084 7.03938C8.53525 5.97097 7.43538 5.20335 6.23748 5.20834C4.63238 5.21504 3.33325 6.5183 3.33325 8.12498C3.33325 9.73583 4.63909 11.0417 6.24992 11.0417Z"></path>
<path d="M13.4832 11.0417C13.889 11.0417 14.2755 10.9587 14.6267 10.809C14.2843 11.7065 13.587 12.9827 12.5319 13.1333C12.0763 13.1985 11.7597 13.6206 11.8248 14.0762C11.8899 14.5318 12.312 14.8484 12.7676 14.7832C14.8949 14.4794 16.1712 12.0592 16.5407 10.1591C16.743 9.11833 16.7212 7.98412 16.2741 7.03938C15.7685 5.97097 14.6687 5.20335 13.4708 5.20834C11.8656 5.21504 10.5665 6.5183 10.5665 8.12498C10.5665 9.73583 11.8724 11.0417 13.4832 11.0417Z"></path>Boyd Gaming Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) tumbled 6% after announcing it will sell its 5% stake in FanDuel to Flutter Entertainment for $1.76 billion. The deal is expected to close in the third quarter of 2025.</li>
</ul>
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46369817/goldman-sachs-top-ai-chip-stocks-2025-nvidia-broadcom">Goldman Sachs: 4 Must-Buy Chip Stocks, And A Few You Should Forget</a></li>
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Tariff Jitters Hit Stocks, Silver Jumps To 14-Year Highs: What's Moving Markets Friday?

Enphase Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NYSE">ENPH</a>) short percent of float has risen 10.06% since its last report. The company recently reported that it has 26.47 million shares sold short, which is 27.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.95 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Enphase Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752249627_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enphase Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enphase Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Enphase Energy's peer group average for short interest as a percentage of float is 8.34%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What Does the Market Think About Enphase Energy?

Clean energy investors weren't exactly celebrating Christmas in July when President Donald Trump <a href="https://www.benzinga.com/news/politics/25/07/46263434/trump-signs-sweeping-tax-and-spending-bill-that-cbo-says-will-add-3-3-trillion-to-us-deficit-cut-health-coverage-for-11-8-million-americans">signed</a> the One Big Beautiful Bill Act (OBBBA) into law over the 4th of July holiday weekend.
The bill's primary focus was the extension of his 2017 tax cuts, but it also rolled back several clean energy initiatives that former President Joe Biden had included in the Inflation Reduction Act (IRA) of 2021.
While the official Senate version is more lenient to clean energy than the original House of Representatives&#8217; version, the OBBBA strikes down a number of tax credits and incentives for renewable energy in both residential and commercial spaces.
Some clean energy sources fared better than others. Geothermal, hydroelectric and nuclear energy companies will feel less of a sting, but solar and wind stocks are looking at some serious headwinds coming in 2026.
<h2 class="wp-block-heading">Volatility Watch: Matt Maley's Strategy for Macro-Driven Moves</h2>
Join 42-year Wall Street veteran Matt Maley on Wednesday, July 16, at 6 PM ET—just hours after fresh inflation and industrial production data drop. With macro pressure building and the market stretched near all-time highs, Matt will show how he's trading the next wave of volatility using leveraged ETFs, low-cost options, and real-time macro signals. Register <a href="https://events2.benzinga.com/matt-maley-webinar-wed-july16-2025-registration/?utm_campaign=webinar071625&amp;utm_adType=sponsorad&amp;utm_ad=RDweb071125">HERE</a> for this FREE strategy session.
Some of the key provisions of the new law affecting the renewables sector include:
<ul class="wp-block-list">
<li>Elimination of the 30% residential solar tax credit by the end of 2025 (originally slated to end in 2034).</li>
<li>The phaseout of tax credits for commercial solar and wind projects started after July 4, 2026, for those not placed into service by December 31, 2027.</li>
<li>Elimination of standalone battery backup tax credits after December 31, 2025.</li>
<li>Termination of accelerated depreciation of solar property for anything built after 2024.</li>
<li>Restrictions on receiving "material assistance" from Foreign Entities of Concern (FEOC), i.e., China, where a large percentage of solar components are produced.</li>
</ul>
The renewable energy industry is expected to face reduced demand, higher prices, job losses and increased regulatory burdens as a result of these new provisions. Today, we'll look at three stocks that investors may want to avoid as U.S. energy policy turns against wind and solar.
<h2 class="wp-block-heading">Sunrun Inc.</h2>
Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) is facing headwinds from multiple angles as its stock continues to plunge &#8211; a trend that began last August. The company manufactures and installs solar systems for homeowners, with approximately 85% of its revenue derived from the residential sector. Sunrun's business model is heavily reliant on these tax credits, and now that the phaseout comes in five months instead of nine years, the company will likely face revenue drops and layoffs. Sunrun has a market cap of $2.4 billion and generates approximately $2 billion in annual sales.
However, despite a few profitable quarters, it has yet to post positive net income for a full year and has lost nearly $3 billion in the last 12 months alone. It's also one of the more heavily-shorted stocks on Wall Street, with more than 31% of the float sold short as of this writing. And, despite the recent upgrade from ‘Hold' to ‘Underperform' from Jeffries, the fundamental and technical outlook for Sunrun looks bleak.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe5gHOg5hvYTQBXlMl4kf9zBusBKextLRn0hBjAyVLasuGdAeixO-UguXjuGf6pa1I7wWkmaT7hp-iFfr6svrhPtQU5Qtcjzu1RLl9CR-LGCwzqw2VZxtv6f0DdvpeQyEyFY7hG9A?key=S9hK9W7ctwEd6DOBWo9D8Q" alt="" /></figure>
Any hope Sunrun shares had of breaking out of their long-term downtrend likely fizzled with the passage of Trump&#8217;s bill. The stock has been fading for nearly 12 months now, with the downtrend line tested but yet to be broken. Two previous attempts to break the downward momentum resulted in quick reversals back to the lows, and now that OBBBA is law and projections indicate continued unprofitability, this cycle of sellers&#8217; momentum is likely to persist.
<h2 class="wp-block-heading">SolarEdge Technologies Inc.&nbsp;</h2>
SolarEdge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) is a small-cap producer of inverters and power optimizer systems used in photovoltaic solar projects. The Israeli-based firm has a market capitalization of under $1.6 billion and generates annual sales of less than $900 million, with a net loss of approximately $1.8 billion over the last 12 months. While the company develops systems for both residential and utility-scale projects, regulatory headwinds and a lack of profits could doom the stock in a similar fashion to Sunrun.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcgKKeqTVroVdw_cQ4EoaDdjDGIcI1tWhE1xoiqILQ3MhaYhww3KgPIkHhsQHyJDwmy5GH-V_BQ8FwjCLlYAyvzdcZ6ZRL6lwvo_GG0LrgDoUiIZ_Kj84IYYKB0pAbZuVZqad04Yw?key=S9hK9W7ctwEd6DOBWo9D8Q" alt="" /></figure>
SolarEdge narrowed its losses in Q1 2025, with EPS figures coming in at -$1.14 per share (beating -$1.26 consensus), and the $219 million in revenue represented 7.4% year-over-year (YoY) growth. However, analysts remain unimpressed: the stock has only one Buy rating from the 26 analysts with coverage, along with 15 Hold and 10 Sell ratings. The average price target is just $18.56, which implies a downside of more than 25% from the current market price.
The daily stock chart also provides some hints about the next price move, as the Relative Strength Index (RSI) has triggered an Overbought signal once again. In the previous two instances, the RSI hitting 70 resulted in the stock gapping down hard, and there's plenty of evidence to suggest this scenario will play out once again.
<h2 class="wp-block-heading">Enphase Energy Inc.&nbsp;</h2>
Enphase Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NYSE">ENPH</a>) is the largest company on our list, with a market capitalization of $5.6 billion and annual sales of $1.33 billion. It&#8217;s also the only profitable company listed here, with a net income of $102 million over the last 12 months and profit margins exceeding 10%. However, despite its size, profitability and an international client list, the company remains deeply tied to the U.S. residential solar and battery storage markets &#8211; two areas where the OBBBA seeks to reduce government subsidies.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdELz9gE2EXyYiEZGeymDFN0WnveyUgmDHw23UmZeia603226Ez0V_SprB28QvnEze0-992C-04gGjHaAOcvoOAuRT7-R5F_0iribx8j6cIYKEATaLa7qpT1nOm2glm7eiELYSw6w?key=S9hK9W7ctwEd6DOBWo9D8Q" alt="" /></figure>
Enphase Energy aims to be a one-stop shop for solar energy generation and storage, while also offering software solutions for energy management and communication. While this business model has proven profitable, the elimination of the residential solar credit and battery storage credit could reduce the company's margins and hinder future profit growth.
The stock had been trending downward since the November election, when the 50-day moving average crossed below the 200-day moving average. Now, the 50-day MA appears to be functioning as a strong resistance level, and ENPH shares have failed to punch through this level for the entirety of 2025. The RSI also shows a stock with fading momentum as the indicator has been stuck in a tight range since last December, suggesting limited interest from both investors and institutions. The stock also trades with more than 25% of the float sold short, which isn't high enough to induce a short squeeze, but substantial enough to indicate the sour sentiment in the solar energy sector.
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
Photo: Shutterstock

Opinion

SEDG

3 Stocks To Sell Now That Trump's Big Beautiful Bill Is Law

Financial giants have made a conspicuous bullish move on Enphase Energy. Our analysis of options history for Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) revealed 14 unusual trades.
Delving into the details, we found 57% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $220,400, and 11 were calls, valued at $1,047,268.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.5 to $50.0 for Enphase Energy over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $22.5 to $50.0 in the last 30 days. 
<h3>Enphase Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752163264_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>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$13.0</td>
<td>$12.8</td>
<td>$13.0</td>
<td>$30.00</td>
<td>$299.0K</td>
<td>1.2K</td>
<td align="right">230</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$13.5</td>
<td>$12.35</td>
<td>$13.5</td>
<td>$30.00</td>
<td>$151.2K</td>
<td>1.2K</td>
<td align="right">407</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$5.15</td>
<td>$5.05</td>
<td>$5.05</td>
<td>$45.00</td>
<td>$125.7K</td>
<td>3.8K</td>
<td align="right">292</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$8.65</td>
<td>$8.5</td>
<td>$8.6</td>
<td>$50.00</td>
<td>$98.9K</td>
<td>1.9K</td>
<td align="right">161</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$8.8</td>
<td>$8.7</td>
<td>$8.7</td>
<td>$50.00</td>
<td>$86.9K</td>
<td>1.9K</td>
<td align="right">261</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>Current Position of Enphase Energy</h3>
<ul>
<li>Trading volume stands at 1,812,629, with ENPH's price up by 0.23%, positioned at $42.95.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 12 days.</li>
</ul>
<h3>What Analysts Are Saying About Enphase Energy</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $37.5.
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;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Keybanc lowers its rating to Underweight with a new price target of $31. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Enphase Energy, maintaining a target price of $42. 
&#x2A; An analyst from Goldman Sachs downgraded its action to Sell with a price target of $32. 
&#x2A; An analyst from TD Cowen downgraded its action to Hold with a price target of $45. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Enphase Energy with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Enphase Energy Unusual Options Activity For July 10

Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) on Thursday announced that it has <a href="https://www.benzinga.com/pressreleases/25/07/g46340138/enphase-energy-expands-iq-ev-charger-2-in-europe-with-new-markets-certifications-and-smart-meter-i" target="_blank" rel="noreferrer noopener">expanded the rollout</a> of its IQ EV Charger 2 to four additional European countries, Greece, Romania, Ireland, and Poland. 
The charger can function either alongside Enphase solar and battery systems or as a standalone unit for residential and commercial use.
In France, the device earned the E.V. READY certification and now integrates with the Linky smart meter to enable dynamic load balancing based on real-time household energy consumption.
Also Read: <a href="https://www.benzinga.com/markets/options/25/07/46307541/fslr-stock-big-beautiful-bill-comeback-possible" target="_blank" rel="noreferrer noopener">Options Corner: Why First Solar Can Trump The &#8220;Beautiful&#8221; Blow To Clean Energy</a>
The charger supports single- and three-phase wiring, includes AI-driven optimization, and is built to accommodate future applications like vehicle-to-home and vehicle-to-grid energy transfer. 
It features a Type-2 connector, a 7.5-meter cable for installation flexibility, and a weather-resistant design suitable for both indoor and outdoor use.
Local installers praised the product&#8217;s reliability and seamless integration with Enphase&#8217;s broader energy systems. Company leaders said the European expansion reflects growing demand for smart EV charging tech amid evolving grid standards.
Meanwhile, recent U.S. policy <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46300815/solar-stocks-get-a-reprieve-as-trumps-big-beautiful-bill-lands-softer-than-feared" rel="noreferrer noopener">developments</a> offered relief to solar and clean energy sectors, easing investor concerns and potentially benefiting global players like Enphase.
Related ETFs: iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>), Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>)
Price Action: ENHP shares are trading lower by 0.18% to $42.71 at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46341297/cato-institute-ncla-urge-appeals-court-to-reject-trump-tariffs-citing-unauthorized-use-of-statute-report" target="_blank" rel="noreferrer noopener">Cato Institute, NCLA Urge Appeals Court To Reject Trump Tariffs Citing Unauthorized Use Of Statute: Report</a></li>
</ul>
Photo via Shutterstock

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ICLN

Enphase Expands Smart EV Charging Footprint Across Europe

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$162.50</td>
<td>$114.3K</td>
<td>4.5K</td>
<td>121.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$210.00</td>
<td>$58.6K</td>
<td>44.0K</td>
<td>22.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$400.00</td>
<td>$31.7K</td>
<td>16.1K</td>
<td>12.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$140.00</td>
<td>$72.6K</td>
<td>36.2K</td>
<td>11.5K</td>
</tr>
<tr>
<td>VNET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$7.00</td>
<td>$38.8K</td>
<td>7.3K</td>
<td>3.6K</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$15.00</td>
<td>$30.0K</td>
<td>14.8K</td>
<td>1.8K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$250.00</td>
<td>$50.0K</td>
<td>6.6K</td>
<td>1.3K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$80.00</td>
<td>$55.1K</td>
<td>9.4K</td>
<td>1.3K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$500.00</td>
<td>$167.0K</td>
<td>4.6K</td>
<td>1.2K</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$30.00</td>
<td>$335.3K</td>
<td>8.5K</td>
<td>791</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on July 11, 2025. This event was a transfer of 847 contract(s) at a $162.50 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $114.3K, with a price of $135.0 per contract. There were 4540 open contracts at this strike prior to today, and today 121719 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on July 18, 2025. Parties traded 204 contract(s) at a $210.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $58.6K, with a price of $288.0 per contract. There were 44014 open contracts at this strike prior to today, and today 22411 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on July 11, 2025. This event was a transfer of 49 contract(s) at a $400.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $31.7K, with a price of $640.0 per contract. There were 16162 open contracts at this strike prior to today, and today 12203 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 call option sweep with bearish sentiment. It expires in 9 day(s) on July 18, 2025. Parties traded 265 contract(s) at a $140.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $72.6K, with a price of $274.0 per contract. There were 36242 open contracts at this strike prior to today, and today 11537 contract(s) were bought and sold. 
• For VNET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>), we notice a call option sweep that happens to be bullish, expiring in 9 day(s) on July 18, 2025. This event was a transfer of 707 contract(s) at a $7.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $38.8K, with a price of $55.0 per contract. There were 7372 open contracts at this strike prior to today, and today 3668 contract(s) were bought and sold. 
• Regarding APLD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>), we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on August 15, 2025. Parties traded 1250 contract(s) at a $15.00 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 $30.0K, with a price of $24.0 per contract. There were 14878 open contracts at this strike prior to today, and today 1826 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option trade with bearish sentiment. It expires in 37 day(s) on August 15, 2025. Parties traded 100 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $500.0 per contract. There were 6696 open contracts at this strike prior to today, and today 1375 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 trade with bullish sentiment. It expires in 9 day(s) on July 18, 2025. Parties traded 12 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $55.1K, with a price of $4595.0 per contract. There were 9409 open contracts at this strike prior to today, and today 1350 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 trade with bearish sentiment. It expires in 16 day(s) on July 25, 2025. Parties traded 200 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $167.0K, with a price of $835.0 per contract. There were 4608 open contracts at this strike prior to today, and today 1246 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 put option sweep with bullish sentiment. It expires in 344 day(s) on June 18, 2026. Parties traded 771 contract(s) at a $30.00 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 $335.3K, with a price of $435.0 per contract. There were 8550 open contracts at this strike prior to today, and today 791 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

APLD

DELL

MSFT

ORCL

10 Information Technology Stocks Whale Activity In Today's Session

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Wednesday.
Shares of Aehr Test Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) fell sharply in pre-market trading after the company reported worse-than-expected fourth-<a href="https://www.benzinga.com/quote/AEHR">quarter sales results</a>.
Aehr Test Systems reported fourth-quarter revenue of $14.09 million, missing analyst estimates of $14.82 million, according to estimates from Benzinga Pro.
Aehr Test Systems shares dipped 20.3% to $12.07 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>RxSight, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXST#NASDAQ">RXST</a>) shares tumbled 37.6% to $7.98 in pre-market trading after the company cut its 2025 revenue guidance from $160M–$175M to $120M–$130M.</li>
<li>Vertical Aerospace Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NASDAQ">EVTL</a>) fell 18.2% to $5.67 in pre-market trading after the company announced a $60 million offering.</li>
<li>WPP plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPP#NYSE">WPP</a>) dipped 16.2% to $30.01 in pre-market trading.</li>
<li>Penguin Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) fell 6.3% to $19.89 in pre-market trading. Penguin Solutions reported upbeat earnings for the third quarter, while sales missed estimates. The company raised its FY2025 earnings guidance, but narrowed its sales forecast</li>
<li>Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) shares declined 5% to $3.56 in pre-market trading after gaining 7% on Tuesday.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.2% to $39.24 in pre-market trading after declining around 4% on Tuesday.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) declined 2.7% to $16.17 in pre-market trading. Tandem Diabetes Care will release its second quarter results after the financial markets close on Wednesday, Aug. 6.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) fell 2.3% to $18.21 in pre-market trading as the company announced a secondary offering of shares of Class A common stock, concurrent repurchase and conversion.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/07/46296650/top-2-industrials-stocks-you-may-want-to-dump-this-quarter">Top 2 Industrials Stocks You May Want To Dump This Quarter</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

AEHR

BTBT

EVTL

MBLY

Penguin Solutions, Inc. - Ordinary Shares

PENG

RXST

TNDM

Aehr Test Systems Posts Downbeat Sales, Joins RxSight, Vertical Aerospace And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Providing a diverse range of perspectives from bullish to bearish, 28 analysts have published ratings on Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">7</td>
<td align="right">8</td>
<td align="right">5</td>
<td align="right">5</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">5</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">3</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $48.93, a high estimate of $78.00, and a low estimate of $31.00. Highlighting a 24.29% decrease, the current average has fallen from the previous average price target of $64.63. 
<img src="https://www.benzinga.com/files/images/story/2025/1752062427_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Enphase Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$32.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Jeffrey Osborne</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$45.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Praneeth Satish</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Sophie Karp</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Underweight</td>
<td>$31.00</td>
<td>-</td>
</tr>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$43.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Maheep Mandloi</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$53.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$40.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$39.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Gordon Johnson</td>
<td>GLJ Research</td>
<td>Lowers</td>
<td>Sell</td>
<td>$31.11</td>
<td>$50.69</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$51.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Joseph Osha</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Sell</td>
<td>$33.00</td>
<td>-</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$49.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Praneeth Satish</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$58.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Maheep Mandloi</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$61.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Andrew Percoco</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$36.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Sean Milligan</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$37.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Christopher Dendrinos</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$54.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$42.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$77.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$46.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$51.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Maheep Mandloi</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$47.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Sell</td>
<td>$47.00</td>
<td>-</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$58.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Jeffrey Osborne</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$78.00</td>
<td>$94.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Enphase Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Enphase Energy compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Enphase Energy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Enphase Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ENPH/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Enphase Energy analyst ratings.</a>
<h2>Discovering Enphase Energy: A Closer Look</h2>
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 Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Enphase Energy's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 35.22%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Enphase Energy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.35% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Enphase Energy's ROE excels beyond industry benchmarks, reaching 3.62%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Enphase Energy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.94% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Enphase Energy's debt-to-equity ratio stands notably higher than the industry average, reaching 1.49. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 28 Analysts Discuss Enphase Energy Stock

Goldman Sachs analyst Brian Lee downgrades Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Buy to Sell and lowers the price target from $77 to $32.

Goldman Sachs Downgrades Enphase Energy to Sell, Lowers Price Target to $32

Shares of The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) rose sharply in pre-market trading following reports the company <a href="https://www.benzinga.com/quote/AES">has received takeover interest.</a>
AES is exploring options including a potential sale as multiple large investment firms have expressed interest in acquiring the company, according to Bloomberg.
AES shares jumped 10.2% to $12.20 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Scage Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCAG#NASDAQ">SCAG</a>) surged 207.6% to $12.92 in pre-market trading after gaining over 10% on Tuesday.</li>
<li>SOBR Safe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) climbed 57.7% to $5.31 in pre-market trading after the company announced it has been granted European patent number EP4171362.</li>
<li>Calidi Biotherapeutics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#NYSE">CLDI</a>) rose 52% to $0.5150 in pre-market trading. The stock's after-hours surge comes on the heels of a development in the healthcare sector. Calidi Biotherapeutics has been making headlines for its innovative approaches to cancer treatment. On Tuesday, it was reported that 12 health care stocks, including Calidi Biotherapeutics, were experiencing movement in the after-market session.</li>
<li>Basel Medical Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMGL#NASDAQ">BMGL</a>) jumped 29.1% to $2.35 in pre-market trading after falling 5% on Tuesday.</li>
<li>ProKidney Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) gained 21.6% to $4.54 in pre-market trading. ProKidney shares jumped 515% on Tuesday after the company reported statistically and clinically significant topline results from its Phase 2 REGEN-007 trial evaluating Rilparencel in patients with chronic kidney disease and diabetes.</li>
<li>Verona Pharma plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNA#NASDAQ">VRNA</a>) gained 18.4% to $102.82 in pre-market trading following a 5% decline on Tuesday. </li>
<li>Birks Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGI#NYSE">BGI</a>) gained 17.4% to $1.06 in pre-market trading. Birks Group completed the acquisition of the Watch and Jewellery Business of European Boutique and related debt financing amendments.</li>
<li>SharpLink Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) gained 14.4% to $18.62 in pre-market trading. SharpLink Gaming shares jumped 29% on Tuesday after the company announced it acquired an additional 7,689 ETH for the week of June 28 through July 4, 2025</li>
<li>GameSquare Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAME#NASDAQ">GAME</a>) gained 13.7% to $1.75 in pre-market trading after a $100 million Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) investment announcement spurred a 58% rally on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>RxSight, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXST#NASDAQ">RXST</a>) dipped 37.6% to $7.98 in pre-market trading after the company cut its 2025 revenue guidance from $160M–$175M to $120M–$130M.</li>
<li>Wag! Group Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) shares tumbled 27.3% to $0.1850 in pre-market trading after gaining over 27% on Tuesday.</li>
<li>Aehr Test Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) fell 20.3% to $12.07 in pre-market trading after the company reported worse-than-expected fourth-quarter sales results.</li>
<li>Vertical Aerospace Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NASDAQ">EVTL</a>) dipped 18.2% to $5.67 in pre-market trading after the company announced a $60 million offering.</li>
<li>WPP plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPP#NYSE">WPP</a>) fell 16.2% to $30.01 in pre-market trading.</li>
<li>LakeShore Biopharma Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSB#NASDAQ">LSB</a>) fell 13.1% to $1.20 in pre-market trading. LakeShore Biopharma shares jumped over 40% on Tuesday after the company announced a $15 million private placement financing.</li>
<li>CURRENC Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) declined 10.4% to $1.89 in pre-market trading after gaining 6% on Tuesday.</li>
<li>Penguin Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) declined 6.3% to $19.89 in pre-market trading. Penguin Solutions reported upbeat earnings for the third quarter, while sales missed estimates. The company raised its FY2025 earnings guidance, but narrowed its sales forecast</li>
<li>Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) shares fell 5% to $3.56 in pre-market trading after gaining 7% on Tuesday.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.2% to $39.24 in pre-market trading after declining around 4% on Tuesday.</li>
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U.S. stocks were little changed on Tuesday as investors stayed cautious following a series of letters from the White House to major trading partners, <a href="https://www.benzinga.com/topic/tariffs">outlining sweeping new tariffs. </a>
The real market action unfolded in commodities, with copper surging 10% after President Donald Trump announced a 50% tariff on copper imports starting today.
The industrial metal jumped to $5.52 per pound, hitting a new all-time high and marking its biggest one-day gain since October 2008.
During a Cabinet meeting, Trump stated: "Some letters are at a 60%, 70% rate.&#8221; He said to be announcing new tariff measures on pharmaceuticals — possibly a 200% tariff.
He added that trade relations with China have been "very fair" recently, noting a strong working relationship.
While Trump reiterated openness to trade negotiations, he emphasized that the U.S. will not extend the August deadline for reciprocal tariffs to take effect.
Commenting on the European Union, Trump said: "The EU has been speaking to us. President von der Leyen has been very nice lately, but they've treated us badly until recently. We're probably two days away from sending the EU letter. A letter is a deal."
At 1:40 p.m. ET, the S&amp;P 500 was flat at 6,220, the Nasdaq 100 gained 0.1% to 22,710, while small caps led the way with the Russell 2000 rising 0.9%.
Energy stocks outperformed as oil prices climbed 1.4% for a second straight session, topping $68 — a two-week high.
Treasury yields also moved higher, with the 10-year rising five basis points to 4.43% and the 30-year yield climbing to 4.96%.
The U.S. dollar remained steady, while gold fell 0.8% to $3,308 per ounce. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded around $109,125.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>% change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,233.89</td>
<td>0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,710.77</td>
<td>0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,229.74</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,254.05</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) flattened at $570.48.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.3% lower to $442.54.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 0.1% to $533.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.9% to $221.73.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.8%; the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.3%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul class="wp-block-list">
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) dropped 12%, while Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.5% and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) declined 6% after President Trump signed an order slashing tax credits for wind and solar energy.</li>
<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) jumped 4.4%, benefiting from a sharp spike in copper prices following the newly announced tariffs.</li>
<li>Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) sank 15% after Bill Pulte, director of the Federal Housing Finance Agency, announced Fannie Mae and Freddie Mac will now allow lenders to adopt the VantageScore 4.0 credit scoring model.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rallied 7.5% after Citigroup raised its price target on the stock from $21 to $24.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) declined 3.5% — its worst session since April — after HSBC downgraded the bank from Hold to Reduce and lifted its price target from $237 to $259.</li>
<li>Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) fell 4.3% to $145.81 after Guggenheim downgraded the stock from Neutral to Sell, setting a price target of $105.</li>
<li>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) surged 7.4% after JPMorgan increased its price target from $40 to $42 while maintaining a Neutral rating.</li>
<li>Other oil and gas majors advanced amid rising crude prices: Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) <a href="https://www.benzinga.com/etfs/sector-etfs/25/07/46304047/energy-etfs-in-focus-after-exxon-flags-1-5-billion-profit-hit">rose</a> 2.8%, Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) gained 3.5%, and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) climbed 4.3%. 


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TD Cowen analyst Jeffrey Osborne downgrades Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Buy to Hold and lowers the price target from $58 to $45.

TD Cowen Downgrades Enphase Energy to Hold, Lowers Price Target to $45

As President Donald Trump&#8216;s &#8220;<a href="https://www.benzinga.com/news/politics/25/07/46274724/donald-trumps-big-beautiful-bill-could-make-these-electric-vehicles-much-more-expensive-for-you">One Big Beautiful Bill</a>&#8221; reshapes the landscape of the renewable energy sector, a KeyBanc Capital Markets analyst is reacting with cautious optimism, noting that the impact on key players may be less severe than initially feared.
The Rating Changes: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5891df6343eaaa0001d69c78/sophie-karp">Analyst Sophie Karp</a> upgraded the ratings for Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) and SolarEdge Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Underweight to Sector Weight.
The Thesis: The &#8220;One Big Beautiful Bill&#8221; has made changes to several provisions that the energy sector relied on, Karp said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Residential leasing has not been changed in the new bill, owning to which Sunrun "lives to see another day," the analyst stated. While investment tax credits (ITC), which are widely used for renewable energy projects, will be phased out by 2027, this exclusion does not apply to solar, she added.
"Given the dissipation of the immediate regulatory risk and ongoing market consolidation following the bankruptcy of another national competitor, we believe RUN should be able to have a stable tailwind in the near term," Karp wrote.
Residential solar tax credits for individuals are set to be phased out by the end of 2025, the analyst said. While this will change SolarEdge Technologies' business model, the company will be less challenged than rival Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), given the latter's "higher priced premium product and lower international sales mix," she further wrote.
RUN, SEDG Price Action: Shares of Sunrun had declined by 11.7% to $9.80 and SolarEdge Technologies by 3.9% to $25.40 at the time of publication on Tuesday.
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Solar Stocks Get A Reprieve As Trump's 'Big Beautiful Bill' Lands Softer Than Feared

Solar stocks dropped on Tuesday after President Donald Trump signed an executive order to fast-track the end of clean-energy tax <a href="https://www.benzinga.com/news/politics/25/06/46173316/trumps-big-bill-rocks-clean-energy-stocks-except-rooftop-solar">credits late Monday.&nbsp;</a>
The Details: President Trump issued an executive order that enforces a much faster phaseout of clean-electricity tax credits for solar and wind projects.&nbsp;
The order eliminates the credits within 45 days after the &#8220;Big Beautiful Bill&#8221; goes into effect, likely before the end of 2025.&nbsp;
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Trump's executive order states <a href="https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-ends-market-distorting-subsidies-for-unreliable-foreign-controlled-energy-sources/">his opposition</a> to providing subsidies for what he calls "expensive and unreliable" energy sources like solar and wind.&nbsp;
The order is designed to eliminate any remaining loopholes that could have permitted the continued use of tax credits for these technologies.
&#8220;The proliferation of these projects displaces affordable, reliable, dispatchable domestic energy sources, compromises our electric grid, and denigrates the beauty of our Nation&#8217;s natural landscape,&#8221; Trump said.
Why It Matters: Solar stocks dropped Tuesday morning with First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) down 3.89%, Sunrun, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) down more than 10% and SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares down 4.3%.&nbsp;
Expert Ideas: TD Cowen cut its rating on Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) stock to Hold from Buy and slashed its price target from $58 to $45 on Tuesday.&nbsp;
&#8220;The elimination of [the tax credit] at the end of 2025 will negatively impact U.S. customer-owned resi solar demand, which is currently challenged due to elevated interest rates,&#8221; TD Cowen analyst Jeff Osborne said, per MarketWatch.&nbsp;&nbsp;
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Press Releases

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Enphase Energy Announces Easy Expansion of IQ7 Solar Systems with IQ8 Microinverters

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Enphase Energy Rolls Out IQ Battery 5P with FlexPhase, Delivering Three-Phase Backup Across More European Countries

Enphase Energy Board of Directors Affirms Re-election of Thurman John Rodgers as Director of the Board

Enphase Energy Launches Next-Generation IQ EV Charger 2 In Australia and New Zealand

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Enphase Energy Announces Conference Call to Review Second Quarter 2025 Financial Results

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:01 PMJul 15, 2025	CALL	$45.00	Jan 16, 2026	182	12408	1060	49	25135	SWEEP	BULLISH
02:50 PMJul 15, 2025	CALL	$45.00	Jan 16, 2026	182	11315	1846	45	25135	TRADE	NEUTRAL
01:31 PMJul 15, 2025	CALL	$45.00	Jan 16, 2026	182	3237	1993	13	25135	TRADE	BULLISH