Enphase Energy Inc’s filing revealed that its President & CEO Kothandaraman Badrinarayanan acquired Company’s shares for reported $0.16 million on Nov 19 ’24. In the deal valued at $61.10 per share,2,564 shares were bought. As a result of this transaction, Kothandaraman Badrinarayanan now holds 1,592,260 shares worth roughly $113.77 million.
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Then, Kothandaraman Badrinarayanan bought 2,436 shares, generating $152,058 in total proceeds. Upon buying the shares at $62.42, the President & CEO now owns 1,594,696 shares.
Before that, Kothandaraman Badrinarayanan bought 5,000 shares. Enphase Energy Inc shares valued at $301,902 were divested by the President & CEO at a price of $60.38 per share. As a result of the transaction, Kothandaraman Badrinarayanan now holds 1,589,696 shares, worth roughly $113.58 million.
HSBC Securities downgraded its Enphase Energy Inc [ENPH] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Neutral”. Jefferies also remained covering ENPH and has decreased its forecast on November 07, 2024 with a “an Underperform” recommendation from previously “Hold” rating. TD Cowen maintained its rating on October 23, 2024. It rated ENPH as “a Buy”.
Price Performance Review of ENPH
On Friday, Enphase Energy Inc [NASDAQ:ENPH] saw its stock jump 8.59% to $71.45. Over the last five days, the stock has lost -3.24%. Enphase Energy Inc shares have fallen nearly -45.93% since the year began. Nevertheless, the stocks have fallen -44.18% over the past one year. While a 52-week high of $141.63 was reached on 06/12/24, a 52-week low of $58.33 was recorded on 11/18/24. SMA at 50 days reached $76.02, while 200 days put it at $104.39.
Levels Of Support And Resistance For ENPH Stock
The 24-hour chart illustrates a support level at 67.54, which if violated will result in even more drops to 63.63. On the upside, there is a resistance level at 73.62. A further resistance level may holdings at 75.79. The Relative Strength Index (RSI) on the 14-day chart is 48.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.75%. Stochastics %K at 19.43% indicates the stock is a buying.
How much short interest is there in Enphase Energy Inc?
A steep rise in short interest was recorded in Enphase Energy Inc stocks on 2024-11-29, growing by 3.3 million shares to a total of 19.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 15.84 million shares. There was a rise of 17.23%, which implies that there is a positive sentiment for the stock.
