Enphase Energy Inc (ENPH) is trading 5% higher at $268.75 today. The stock moved up on news that Credit Suisse had upgraded the stock Outperform with a price target of $281, predicting an increase in demand in the U.S. and Europe. Analysts were somewhat surprised by the earnings beat.
Enphase Energy Inc has been trading between a 52-week high of $282.46 and a 52-week low of $113.4. The stock has a market cap of $36.4 Billion.
Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:SKIman182 - 9 upvotes -
sourceI can’t fucking believe I had 2000 shares of ENPH at 3.20 avg in 2018. Downloaded the robinhood app as a college kid and thought solar panel tech sounded smart… sold in the 4s like a genius
XPlatform - 4 upvotes -
sourceENPH got me feeling FOMO some kinda way... 25% in a few days is wild for something that size.
unikuenobody - 3 upvotes -
sourceENPH $272.5 calls @ 9:55am yesterday = 0.31. 24 hours later, same time = 12.80. 40X bagger. But noooo, big brain bear in me couldn't resist the puts. Losing it, as well as the banbet. ^(I'll do it again.)
relavant__username - 2 upvotes -
sourceretail swaps blowing up all over. Check FCEL, Check GEVO, ENPH
Drunk_Crab - 2 upvotes -
sourceIn 2019 I bought ENPH for $20 and sold it 5 days later for $23.
gpeters1 - 2 upvotes -
sourceENPH only prints 🤑
Grunblau - 1 upvotes -
sourceI have only sold ENPH because it became more than 2% of my portfolio…
Kathie-Wood - 1 upvotes -
sourceENPH mooning 🌚
KelbySmith - 1 upvotes -
sourceSOLAR EXPLODING. Renewables exploding. FCEL ENPH RUN JKS