Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Enphase Energy Inc shares valued at $156,670 were purchased by Kothandaraman Badrinarayanan on Nov 19 ’24. At $61.10 per share, Kothandaraman Badrinarayanan acquired 2,564 shares. The insider’s holdings grew to 1,592,260 shares worth approximately $101.44 million following the completion of this transaction.
Also, Kothandaraman Badrinarayanan purchased 2,436 shares, netting a total of over 152,058 in proceeds. Following the buying of shares at $62.42 each, the insider now holds 1,594,696 shares.
Before that, Kothandaraman Badrinarayanan had added 5,000 shares to its account. In a trade valued at $301,902, the President & CEO bought Enphase Energy Inc shares for $60.38 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $101.28 million.
As published in a research note from Canaccord Genuity on February 05, 2025, Enphase Energy Inc [ENPH] has been rated up from a Hold to a Buy and the price target has been revised to $82 from $76. Analysts at Guggenheim upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of January 27, 2025, TD Cowen has reiterated its “Buy” rating for ENPH. Earlier on January 16, 2025, Truist downgraded its rating. Their new recommendation was “a Hold” for ENPH stock which previously was a “a Buy”.
Analyzing ENPH Stock Performance
During the last five days, there has been a drop of approximately -3.99%. Over the course of the year, Enphase Energy Inc shares have dropped approximately -7.24%. Shares of the company reached a 52-week high of $76.90 on 01/07/25 and a 52-week low of $58.85 on 01/23/25. A 50-day SMA is recorded $66.75, while a 200-day SMA reached $94.03. Nevertheless, trading volume fell to 3.92 million shares from 4.24 million shares the previous day.
Support And Resistance Levels for Enphase Energy Inc (ENPH)
According to the 24-hour chart, there is a support level at 62.54, which, if violated, would cause prices to drop to 61.38. In the upper region, resistance lies at 65.95. The next price resistance is at 68.20. RSI (Relative Strength Index) is 46.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 67.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
