Replies to post #64623 on Savvy Trades and Investments

[researcher59]

ENPH +1.51 to 23.59 after JP Morgan initiated coverage at overweight with a $32 price target -

fly -

Enphase Energy initiated with an Overweight at JPMorgan

JPMorgan analyst Mark Strouse started Enphase Energy with an Overweight rating and December 2020 price target of $32. The analyst is "encouraged" by Enphase's fundamental outlook, driven by industry tailwinds as well as company-specific tailwinds from new products, improving margins and cash flow, and international expansion opportunities. Further, despite the recent outperformance, the analyst believes the stock's valuation remains attractive on a growth-adjusted basis. :theflyonthewall.com