A weak market for residential solar in Europe prompts JP Morgan to trim price targets on two players in the space: SolarEdge Technologies and Enphase Energy. "Europe resi solar demand remains moribund owing to still elevated channel inventories, low power pricing and near-term uncertainty related to elections and policy changes," analysts at the firm said in a research note.
Enphase Energy (ENPH) closed at $118.96 in the latest trading session, marking a -1.55% move from the prior day.
On June 17, 2024, David Ranhoff, EVP & Chief Commercial Officer of Enphase Energy Inc (NASDAQ:ENPH), executed a sale of 5,000 shares of the company.