Enphase Stock News

Tuesday, Feb. 8, 2022 at 4:30 p.m. Eastern Time Tuesday, Feb. 8, 2022 at 4:30 p.m. Eastern Time

Enphase Stock: Down 60% From Its Highs, It's Now In The Buy Zone

"Mad Money" host Jim Cramer on Monday detailed his favorite stocks right now among the CNBC Next Generation 50 index.

The solar stock looks far more attractive right now.

Shares of Plug Power Inc. dropped 4.1% toward an 8 1/2-month low in premarket trading Monday,. after Truist analyst Tristan Richardson slashed his price target by nearly 40%, and cut his targets on several other alternative energy stocks, as a result of U.S. policy uncertainty and a broad rotation out of growth equities. For Plug, Richardson kept his rating at hold but cut his stock price target to $27 from $44. He said that while the alternative energy space tends to see seasonal strength around this time, the rising interest rate environment, which is making growth stocks less attractive, and risks associated with supply chain dynamics are also weighing on the sector. Plug''s stock has tumbled 35.6% over the past three months through Friday while the S&P 500 has slipped 3.2%. Among some of the other stocks Richardson cut targets for, he lowered Ballard Power Systems Inc. to $13 from $18, SunPower Corp. to $20 from $35, Bloom Energy Corp. to $20 from $33 and Enphase Energy Inc. to $200 from $290.

Enphase Energy (ENPH) has dropped 5.40% after reporting a growing number of Enphase Energy System deployments among residential customers in Pennsylvania.The Enphase Energy System

The solar stock looks far more attractive right now.

Why I Bought More Enphase

Can these energy stocks continue to push up this month?

Solar stocks are growing popular as governments, companies and individuals seek green energy solutions. Here's what you need to know.

Enphase Energy (ENPH) closed the most recent trading day at $134.69, moving +0.08% from the previous trading session.

Enphase Energy <> opens higher after saying installers in Washington state are seeing more residential customers deploying its battery systems, although the company provides

Record installations and solid corporate investments add impetus to U.S. solar industry's growth. However, a lack of government policies might hurt solar stocks.

There's a lot of news in green energy today. Strangely, most of that news is bad.

In 2022, 21.5GW of new utility-scale electricity is projected to be generated from solar energy. To capitalize on this profitable trend, you may want to keep an eye on ENPH, SOL, FSLR