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Renewable Energy Stock Slides Ahead of Q2 Report

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Renewable Energy Stock Slides Ahead of Q2 Report

Enphase Energy shares fell 3.1% to $38.34, reaching their lowest level since mid-May and down 21% for the quarter. This comes despite Citigroup raising its price target to $43. The market reaction suggests investor caution outweighs the analyst optimism in the near term.

Analysis

Enphase Energy shares fell 3.1% to $38.34, reaching their lowest level since mid-May and down 21% for the quarter. This comes despite Citigroup raising its price target to $43. The market reaction suggests investor caution outweighs the analyst optimism in the near term.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

Ticker Sentiment

C0.00
ENPH-0.35
TGT0.00