Enphase Energy Stock (NASDAQ:ENPH), Trade Ideas

Enphase Energy

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

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ENPH

The Nasdaq 100 closed slightly higher on Tuesday. Investors, meanwhile, focused on some notable insider trades.

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Enphase Energy shares are trading lower by 7.2% to $113.20 during Wednesday&#39;s session. Stocks across sectors are lower Wednesday following hotter-than-expected March inflation data.

What&#39;s Going On With Enphase Energy (ENPH) Stock?

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It’s a day of broad-based rallies on Wall Street, with both stocks and commodities showcasing robust performances in the wake of a hotter-than-expected labor market report, seemingly unfazed by growing fears over delays in the 

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Enphase Energy Inc

Enphys Acquisition Corp. Class A Ordinary Shares

Enphys Acquisition Corp

Enphys Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant

Enphys Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50

Investors with a lot of money to spend have taken a bullish stance on Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ENPH, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 32 uncommon options trades for Enphase Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 40%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $961,971, and 21 are calls, for a total amount of $1,128,429.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $130.0 for Enphase Energy over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Enphase Energy options trades today is 748.44 with a total volume of 11,811.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Enphase Energy's big money trades within a strike price range of $50.0 to $130.0 over the last 30 days.
<h3>Enphase Energy Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713891645_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$11.8</td>
<td>$11.45</td>
<td>$11.8</td>
<td>$100.00</td>
<td>$413.0K</td>
<td>254</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$21.2</td>
<td>$21.05</td>
<td>$21.2</td>
<td>$110.00</td>
<td>$101.7K</td>
<td>144</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.25</td>
<td>$21.05</td>
<td>$21.25</td>
<td>$130.00</td>
<td>$95.6K</td>
<td>1.3K</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.2</td>
<td>$21.1</td>
<td>$21.2</td>
<td>$130.00</td>
<td>$95.4K</td>
<td>1.3K</td>
<td style="text-align: right;">180</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.05</td>
<td>$20.9</td>
<td>$21.05</td>
<td>$130.00</td>
<td>$94.7K</td>
<td>1.3K</td>
<td style="text-align: right;">135</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
After a thorough review of the options trading surrounding Enphase Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Enphase Energy</h3>
<ul>
<li>With a volume of 2,467,248, the price of ENPH is up 3.15% at $113.99. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 0 days.</li>
</ul>
<h3>What Analysts Are Saying About Enphase Energy</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $134.8.
<ul>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Enphase Energy, targeting a price of $140. </li>
<li>In a cautious move, an analyst from Citigroup downgraded its rating to Neutral, setting a price target of $121. </li>
<li>Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Enphase Energy with a target price of $149. </li>
<li>An analyst from Mizuho persists with their Buy rating on Enphase Energy, maintaining a target price of $148. </li>
<li>In a cautious move, an analyst from DZ Bank downgraded its rating to Hold, setting a price target of $116. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Enphase Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Unpacking the Latest Options Trading Trends in Enphase Energy

Truist Securities analyst Jordan Levy maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Buy and lowers the price target from $145 to $130.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Enphase Energy, Lowers Price Target to $130

<h3>Companies Reporting Before The Bell</h3>
&bull; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million.
&bull; Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion.
&bull; Community Bank System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million.
&bull; Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is expected to report quarterly loss at $0.52 per share on revenue of $2.20 billion.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is expected to report quarterly earnings at $2.14 per share on revenue of $41.88 billion.
&bull; GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $15.34 billion.
&bull; Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $3.85 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is projected to report quarterly earnings at $1.30 per share on revenue of $21.87 billion.
&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $259.77 million.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $1.75 billion.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is projected to report quarterly earnings at $1.52 per share on revenue of $18.08 billion.
&bull; Kiniksa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) is expected to report quarterly loss at $0.18 per share on revenue of $79.61 million.
&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $1.53 billion.
&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $5.49 billion.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $72.52 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $66.30 million.
&bull; Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $5.67 billion.
&bull; Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $109.74 million.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $1.01 billion.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $3.27 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $5.81 per share on revenue of $15.95 billion.
&bull; GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $375.80 million.
&bull; NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $5.92 billion.
&bull; Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $181.92 million.
&bull; Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $1.09 billion.
&bull; Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) is likely to report quarterly earnings at $1.79 per share on revenue of $4.58 billion.
&bull; NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $331.80 million.
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&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $38.05 million.
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&bull; Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $439.87 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $205.74 million.
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&bull; Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $81.04 million.
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&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $5.62 billion.
&bull; Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $8.46 billion.
&bull; Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $3.06 billion.
&bull; LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.77 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is expected to report quarterly earnings at $2.36 per share on revenue of $3.58 billion.
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&bull; Avangrid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGR#NYSE">AGR</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.63 billion.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) is likely to report earnings for its first quarter.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $1.88 billion.
&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is likely to report quarterly loss at $0.08 per share on revenue of $8.03 million.
&bull; Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $507.18 million.
&bull; Zurn Elkay Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $368.99 million.
&bull; Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $163.60 million.
&bull; KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $44.35 million.
&bull; Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $6.38 billion.
&bull; Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $283.32 million.
&bull; Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $59.03 million.
&bull; Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $740.47 million.
&bull; Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $8.62 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is likely to report quarterly earnings at $5.34 per share on revenue of $10.29 billion.
&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is estimated to report quarterly earnings at $3.43 per share on revenue of $4.73 billion.
&bull; Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $48.29 million.
&bull; CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $649.60 million.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $1.67 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is projected to report quarterly loss at $2.62 per share on revenue of $628.95 million.
&bull; Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $84.83 million.
&bull; Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $109.00 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $265.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.70 per share on revenue of $588.52 million.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $21.27 billion.
&bull; EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.63 billion.
&bull; West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $2.01 billion.
&bull; Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $148.23 million.
&bull; Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $206.78 million.
&bull; Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $83.82 million.
&bull; Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $303.41 million.
&bull; Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $189.37 million.
&bull; Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $695.20 million.
&bull; Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $831.06 million.
&bull; EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) is expected to report quarterly earnings at $2.01 per share on revenue of $152.09 million.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $243.45 million.
&bull; QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is likely to report quarterly earnings at $1.30 per share on revenue of $58.85 million.
&bull; Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $116.64 million.
&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $52.54 million.
&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.14 billion.
&bull; Veralto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $1.22 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $726.32 million.
&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $3.61 billion.
&bull; iShares Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.06 billion.
&bull; IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $806.94 million.
&bull; Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $1.44 per share on revenue of $1.33 billion.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $137.26 million.
&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $109.21 million.
&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is likely to report quarterly earnings at $1.99 per share on revenue of $577.70 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Earnings

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WSBC

Earnings Scheduled For April 23, 2024

B. Riley Securities analyst Christopher Souther maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Buy and raises the price target from $121 to $149.

B. Riley Securities Maintains Buy on Enphase Energy, Raises Price Target to $149

<a href="https://www.globenewswire.com/Tracker?data=k0koweSYlw2i0fVOcbvUTjzlbomZksL-mLqOFneUT5mS2av9emxkwJf-FCWocQdYelhOSXgLqSkDH9lLwNs-GA==">Enphase Energy, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today a new strategic relationship with global energy and tech company, <a href="https://www.globenewswire.com/Tracker?data=VMlVV9KJ1iq0SeRyrhxeAYwE8lEu5SP7sZ48AdpEllMye9oAujH-7KFS0ARDZUtgNQwb1ZtlViyfsPIVxe-jVmLmH6ASkqscPTS3-MHlOHA=">Octopus Energy Group</a>. The parties will focus on deploying Enphase IQ8&#x2122; Microinverters and IQ&#x2122; Battery 5P&#x2122; in the United Kingdom. Octopus Energy's retail customers in the United Kingdom can now integrate Enphase's home solar and battery systems in their energy plans to unlock low-cost residential energy rates. &nbsp;
Octopus Energy will also use Kraken, its proprietary software platform for managing, controlling, and optimizing distributed energy resources (DERs), to allow its clients to create virtual power plants (VPPs) with Enphase's solar and battery systems. Octopus, upon integrating with Enphase's technology, enables support for the dynamic management of customer batteries and helps reduce overall energy usage when the grid is the most constrained. With this integration between the two technologies, Octopus' customers who install Enphase&#xAE; Energy Systems&#x2122; will be able to benefit from Octopus' smart tariffs, such as "Intelligent Octopus Flux," which can save customers money on electricity bills each year.
"This strategic relationship is an exciting step forward in solar technology growth and homeowner empowerment in the United Kingdom," said Devrim Celal, CEO of Kraken Technologies, part of the Octopus Energy Group. "By integrating Enphase's systems with Octopus Energy's forward-thinking approach to energy management, we're not only driving down costs for consumers but also creating a cheaper, greener grid in real-time."
Octopus Energy is the largest electricity provider in the United Kingdom, offering customer service and energy products to almost seven million households. The company has operations in 16 countries and its advanced data and machine learning platform, Kraken, supports more than 54 million customers worldwide.
The third-generation Enphase Energy System suite offers a significantly improved experience for homeowners and installers because of more power, resilient wired communication, and an improved commissioning experience. The IQ Battery 5P device is a modular design with 5 kWh capacity; the new IQ8 Microinverters provide peak AC power up to 384 W to support newer high-powered solar modules. Homeowners can also use the Enphase&#xAE; App to monitor performance and intelligently manage their systems. Enphase Energy Systems are fully G100-2 compliant to support the latest UK Electricity Networks Association requirements for grid connection of solar and battery storage. In addition, Enphase offers 24/7 customer support and an industry-leading warranty for both solar and battery products. This includes a 25-year warranty for all IQ8 Microinverters and a 15-year warranty for all IQ Batteries activated in the United Kingdom.
"Our innovative home energy systems paired with Octopus Energy's intuitive tariffs and intelligent management of DERs can unlock huge potential for the energy grid," said Marco Krapels, vice president of worldwide business development at Enphase Energy. "Together, we can provide flexible and cost-effective energy usage across more than seven million households in the United Kingdom, and accelerate the broader energy transition. We look forward to continuing to grow our relationships with leading energy providers like Octopus Energy across the world and helping homeowners maximize the value of their solar and battery investments."
Enphase Energy is also a participant in the <a href="https://www.globenewswire.com/Tracker?data=VMlVV9KJ1iq0SeRyrhxeAYGCXPKU8dAPmm3Lg-NmMuJtNsUNBy0T3etiJ6yt6lXszz_5pEWcKwc8LLSfTiC_IVITK8e0jx6hqyY1rYBNtmOmT9aYIC_huu-MCz4Gz25GhqdkgXTvSnW_ghSk3Cf1ClvUVQuq1sXOzrZu6wJiBsI=">Octopus Energy GridBoost battery program</a> in Texas. For more information about Enphase Energy Systems in the United Kingdom, visit the <a href="https://www.globenewswire.com/Tracker?data=VaOMfcU-VkNWQOoBIZCn46bfpK2FihVHAb_00p6T1boxqq2EUrLJbsunKtE9TRr9sILVKYSKbmyp5gFB3677bw==">website</a>. For more information about Octopus Energy, please visit their <a href="https://www.globenewswire.com/Tracker?data=VaOMfcU-VkNWQOoBIZCn407hcE8wP1bdKeYQeV4xMEp5CgccVBLN1wf-s50AZzazP4xf9uLBkIMdHZkedU07fA==">website</a>.

Global

Enphase Energy Partners With Octopus Energy Group In The United Kingdom

Mizuho analyst Maheep Mandloi maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Buy and lowers the price target from $150 to $148.

Mizuho Maintains Buy on Enphase Energy, Lowers Price Target to $148

Financial giants have made a conspicuous bearish move on Enphase Energy. Our analysis of options history for Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $122,050, and 6 were calls, valued at $477,355.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $120.0 for Enphase Energy, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Enphase Energy options trades today is 945.5 with a total volume of 944.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Enphase Energy's big money trades within a strike price range of $95.0 to $120.0 over the last 30 days.
<h3>Enphase Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713536301_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$19.6</td>
<td>$19.35</td>
<td>$19.6</td>
<td>$110.00</td>
<td>$129.3K</td>
<td>303</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$4.05</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$120.00</td>
<td>$94.7K</td>
<td>955</td>
<td style="text-align: right;">261</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$4.0</td>
<td>$3.75</td>
<td>$3.9</td>
<td>$120.00</td>
<td>$92.8K</td>
<td>955</td>
<td style="text-align: right;">519</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$31.7</td>
<td>$30.65</td>
<td>$30.65</td>
<td>$100.00</td>
<td>$61.3K</td>
<td>1.4K</td>
<td style="text-align: right;">21</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$12.5</td>
<td>$12.15</td>
<td>$12.5</td>
<td>$115.00</td>
<td>$60.0K</td>
<td>91</td>
<td style="text-align: right;">49</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
In light of the recent options history for Enphase Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Enphase Energy</h3>
<ul>
<li>Trading volume stands at 333,213, with ENPH's price down by -0.15%, positioned at $109.01.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 4 days.</li>
</ul>
<h3>Expert Opinions on Enphase Energy</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $129.25.
<ul>
<li>An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $121. </li>
<li>An analyst from Roth MKM has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $140. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Enphase Energy, targeting a price of $140. </li>
<li>In a cautious move, an analyst from DZ Bank downgraded its rating to Hold, setting a price target of $116. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Enphase Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

What the Options Market Tells Us About Enphase Energy

Roth MKM analyst Philip Shen maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Buy and maintains $140 price target.

Roth MKM Maintains Buy on Enphase Energy, Maintains $140 Price Target

Across the recent three months, 11 analysts have shared their insights on Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Enphase Energy, revealing an average target of $125.36, a high estimate of $145.00, and a low estimate of $106.00. This current average reflects an increase of 11.5% from the previous average price target of $112.43. 
<img src="https://www.benzinga.com/files/images/story/2024/1713373229_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Enphase Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Markus Leistner</td>
<td>DZ Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$116.00</td>
<td>-</td>
</tr>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$121.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Maintains</td>
<td>Positive</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$113.00</td>
<td>$117.00</td>
</tr>
<tr>
<td>Chris Dendrinos</td>
<td>RBC Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$115.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Andrew Percoco</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$106.00</td>
<td>$97.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$110.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Colin Rusch</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Outperform</td>
<td>$133.00</td>
<td>-</td>
</tr>
<tr>
<td>Philip Shen</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$140.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$85.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Enphase Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Enphase Energy compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Enphase Energy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Enphase Energy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ENPH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Enphase Energy analyst ratings.</a>
<h2>About Enphase Energy</h2>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
<h3>Breaking Down Enphase Energy's Financial Performance</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Enphase Energy's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -58.25% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Enphase Energy's net margin is impressive, surpassing industry averages. With a net margin of 6.91%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Enphase Energy's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.09%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Enphase Energy's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.6%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 1.32, Enphase Energy faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Enphase Energy Through The Eyes Of 11 Analysts

DZ Bank analyst Markus Leistner initiates coverage on Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Hold rating and announces Price Target of $116.

Initiation

DZ Bank Initiates Coverage On Enphase Energy with Hold Rating, Announces Price Target of $116

The Nasdaq 100 closed slightly higher on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Enphase Energy </h3>
<ul>
<li>The Trade: Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) EVP &amp; Chief Commercial Officer David A Ranhoff <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 5,000 shares </a> at an average price of $116.29. The insider received around $581,474 from selling those shares.</li>
<li>What&rsquo;s Happening: Enphase Energy is expected to host a conference call and webcast on Tuesday, April 23, 2024.</li>
<li>What Enphase Energy Does: Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Wayfair</h3>
<ul>
<li>The Trade: Wayfair Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/w#NYSE">W</a>) Chief Commercial Officer) Jon Blotner <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 4,144 shares </a> at an average price of $60.52. The insider received around $250,795 from selling those shares.</li>
<li>What&rsquo;s Happening: Wayfair is expected to release financial results for its first quarter ending March 31, 2024 before the opening of the market on May 2, 2024.</li>
<li>What Wayfair Does: Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland.</li>
</ul>
<h3>CrowdStrike Holdings </h3>
<ul>
<li>The Trade: CrowdStrike Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>) Shawn Henry <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 4,000 shares </a> at an average price of $308.79. The insider received around $1.24 million from selling those shares.</li>
<li>What&rsquo;s Happening: On April 9, CrowdStrike announced an expanded partnership with Google Cloud to stop breaches across multi-cloud and multi-vendor environments..</li>
<li>What CrowdStrike Holdings Does: CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations.</li>
</ul>
<h3>Electronic Arts </h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) Chief Legal Officer Jacob J. Schatz <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 1,000 shares </a> at an average price of $128.21. The insider received around $128,210 from selling those shares.</li>
<li>What&rsquo;s Happening: Electronic Arts is expected to release its financial results for the fiscal quarter and year ended March 31, 2024 after the close of market on May 7, 2024.</li>
<li>What Electronic Arts Does: EA is one of the world&#39;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38285179/travelers-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-street"> Travelers Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts </a>
&nbsp;

Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) has outperformed the market over the past 10 years by 19.43% on an annualized basis producing an average annual return of 29.83%. Currently, Enphase Energy has a market capitalization of $15.21 billion. 
Buying $1000 In ENPH: If an investor had bought $1000 of ENPH stock 10 years ago, it would be worth $14,446.18 today based on a price of $111.82 for ENPH at the time of writing.
<h3>Enphase Energy's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713295844_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $14,000 Today

Financial giants have made a conspicuous bearish move on Enphase Energy. Our analysis of options history for Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $637,075, and 4 were calls, valued at $188,700.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $145.0 for Enphase Energy, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Enphase Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Enphase Energy's whale trades within a strike price range from $80.0 to $145.0 in the last 30 days. 
<h3>Enphase Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713285980_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$32.2</td>
<td>$31.55</td>
<td>$31.6</td>
<td>$110.00</td>
<td>$316.0K</td>
<td>282</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$6.3</td>
<td>$6.1</td>
<td>$6.29</td>
<td>$85.00</td>
<td>$251.6K</td>
<td>1.1K</td>
<td style="text-align: right;">8</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$16.1</td>
<td>$16.05</td>
<td>$16.05</td>
<td>$110.00</td>
<td>$96.3K</td>
<td>317</td>
<td style="text-align: right;">62</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$25.15</td>
<td>$22.7</td>
<td>$23.8</td>
<td>$130.00</td>
<td>$38.0K</td>
<td>627</td>
<td style="text-align: right;">8</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$2.52</td>
<td>$2.29</td>
<td>$2.33</td>
<td>$113.00</td>
<td>$37.2K</td>
<td>306</td>
<td style="text-align: right;">178</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
<h3>Current Position of Enphase Energy</h3>
<ul>
<li>With a trading volume of 1,570,915, the price of ENPH is down by -1.78%, reaching $110.47.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 7 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Enphase Energy</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $130.5.
<ul>
<li>Reflecting concerns, an analyst from Citigroup lowers its rating to Neutral with a new price target of $121.</li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Enphase Energy, which currently sits at a price target of $140. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Enphase Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Enphase Energy's Options Frenzy: What You Need to Know

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/12/24</td>
<td>$885.00</td>
<td>$59.6K</td>
<td>5.5K</td>
<td>38.2K</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$65.00</td>
<td>$104.7K</td>
<td>667</td>
<td>3.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$16.00</td>
<td>$58.2K</td>
<td>8.0K</td>
<td>1.8K</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$155.00</td>
<td>$26.5K</td>
<td>2.5K</td>
<td>800</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/12/24</td>
<td>$120.00</td>
<td>$25.2K</td>
<td>477</td>
<td>693</td>
</tr>
<tr>
<td>CLSK</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$701.4K</td>
<td>142</td>
<td>501</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$400.00</td>
<td>$44.4K</td>
<td>1.5K</td>
<td>392</td>
</tr>
<tr>
<td>ZS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$180.00</td>
<td>$39.8K</td>
<td>57</td>
<td>386</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$135.00</td>
<td>$81.2K</td>
<td>3.9K</td>
<td>313</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$35.00</td>
<td>$31.2K</td>
<td>281</td>
<td>250</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be neutral, is expiring today. Parties traded 150 contract(s) at a $885.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $59.6K, with a price of $395.0 per contract. There were 5545 open contracts at this strike prior to today, and today 38223 contract(s) were bought and sold. 
• Regarding SEDG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), we observe a put option sweep with bearish sentiment. It expires in 35 day(s) on May 17, 2024. Parties traded 136 contract(s) at a $65.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $104.7K, with a price of $770.0 per contract. There were 667 open contracts at this strike prior to today, and today 3066 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on April 19, 2024. This event was a transfer of 756 contract(s) at a $16.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $58.2K, with a price of $77.0 per contract. There were 8036 open contracts at this strike prior to today, and today 1880 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a put option sweep with neutral sentiment. It expires in 7 day(s) on April 19, 2024. Parties traded 120 contract(s) at a $155.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $222.0 per contract. There were 2513 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold. 
• For ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 70 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $360.0 per contract. There were 477 open contracts at this strike prior to today, and today 693 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a put option trade with neutral sentiment. It expires in 280 day(s) on January 17, 2025. Parties traded 494 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $701.4K, with a price of $1420.0 per contract. There were 142 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a put option sweep that happens to be bearish, expiring in 14 day(s) on April 26, 2024. This event was a transfer of 107 contract(s) at a $400.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $44.4K, with a price of $415.0 per contract. There were 1546 open contracts at this strike prior to today, and today 392 contract(s) were bought and sold. 
• Regarding ZS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), we observe a call option trade with bullish sentiment. It expires in 161 day(s) on September 20, 2024. Parties traded 16 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $39.8K, with a price of $2490.0 per contract. There were 57 open contracts at this strike prior to today, and today 386 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bearish, expiring in 70 day(s) on June 21, 2024. This event was a transfer of 250 contract(s) at a $135.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $81.2K, with a price of $325.0 per contract. There were 3954 open contracts at this strike prior to today, and today 313 contract(s) were bought and sold. 
• Regarding AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), we observe a call option sweep with bearish sentiment. It expires in 189 day(s) on October 18, 2024. Parties traded 214 contract(s) at a $35.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $146.0 per contract. There were 281 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CLSK

MARA

MSFT

NVDA

SEDG

SNOW

10 Information Technology Stocks With Whale Alerts In Today's Session

WIIM

ALAB

AMAT

ASML

AVGO

CRDO

ENTG

KLAC

LRCX

LSCC

MCHP

MMAT

MPWR

SMTC

WISA

WOLF

Shares of semiconductor companies are trading lower amid overall market weakness. Some stocks in the sector have also been under pressure on reports suggesting China has told telecom carriers to phase out foreign chips.

APPN

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AUUD

ERIC

FORTY

GRRR

INTC

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

OUST

PCOR

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SVRE

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VERI

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Shares of several companies in the broader technology sector are trading lower as Treasury yields rise following hotter-than-expected March inflation data.

Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) shares are trading lower by 7.2% to $113.20 during Wednesday&#8217;s session amid overall market weakness. Major indexes are lower Wednesday following hotter-than-expected March <a href="https://www.benzinga.com/markets/commodities/24/04/38181302/inflation-rises-more-than-expected-to-3-5-in-march-derails-june-rate-cut-hopes">inflation data</a>.
In March, inflation in the United States surpassed economist expectations, with the annual Consumer Price Index (CPI) rising to 3.5%, exceeding the previous month&#8217;s rate of 3.2%. This unexpected increase marked the second consecutive month of growth, disappointing investors who had anticipated Federal Reserve interest rate cuts. 
Furthermore, the monthly CPI growth of 0.4% surpassed forecasts of 0.3%, indicating sustained inflationary pressures&#8230;<a href="https://www.benzinga.com/markets/commodities/24/04/38181302/inflation-rises-more-than-expected-to-3-5-in-march-derails-june-rate-cut-hopes">Read More</a>
<h2 class="wp-block-heading">Why This Matters</h2>
Inflation typically leads to higher input costs for companies. Enphase Energy, being in the energy sector, may face increased costs for raw materials, labor, and other operational expenses. This can eat into their profit margins and dampen investor sentiment.
Higher inflation can also erode consumers&#8217; purchasing power, leading to reduced demand for products and services, including renewable energy solutions like those provided by Enphase Energy. If consumers have less disposable income due to rising prices, they may delay or cancel purchases of solar panels and related products.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38179912/fitch-revises-chinas-credit-outlook-to-negative-amid-economic-challenges">Fitch Revises China&#8217;s Credit Outlook To Negative Amid Economic Challenges</a>
<h2 class="wp-block-heading">Is ENPH A Good Stock To Buy?</h2>
By now you're likely curious about how to participate in the market for Enphase Energy &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Enphase Energy, which is trading at $114.98 as of publishing time, $100 would buy you 0.87 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline. According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, ENPH has a 52-week high of $13.44 and a 52-week low of $2.26.

What's Going On With Enphase Energy (ENPH) Stock?

Investors with a lot of money to spend have taken a bullish stance on Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ENPH, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Enphase Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $286,537, and 6 are calls, for a total amount of $272,561.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $111.0 to $145.0 for Enphase Energy over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Enphase Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Enphase Energy's whale trades within a strike price range from $111.0 to $145.0 in the last 30 days. 
<h3>Enphase Energy Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712679356_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$14.3</td>
<td>$14.25</td>
<td>$14.25</td>
<td>$120.00</td>
<td>$91.2K</td>
<td>1.4K</td>
<td style="text-align: right;">74</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$18.4</td>
<td>$18.25</td>
<td>$18.25</td>
<td>$120.00</td>
<td>$74.8K</td>
<td>445</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$7.0</td>
<td>$5.05</td>
<td>$6.4</td>
<td>$114.00</td>
<td>$64.9K</td>
<td>686</td>
<td style="text-align: right;">121</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$16.25</td>
<td>$16.2</td>
<td>$16.2</td>
<td>$120.00</td>
<td>$64.8K</td>
<td>379</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/12/24</td>
<td>$1.64</td>
<td>$1.59</td>
<td>$1.59</td>
<td>$122.00</td>
<td>$50.4K</td>
<td>394</td>
<td style="text-align: right;">675</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
In light of the recent options history for Enphase Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Enphase Energy</h3>
<ul>
<li>Trading volume stands at 1,330,830, with ENPH's price up by 2.16%, positioned at $117.73.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 14 days.</li>
</ul>
<h3>Expert Opinions on Enphase Energy</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $124.66666666666667.
<ul>
<li>An analyst from Citigroup downgraded its action to Neutral with a price target of $121. </li>
<li>An analyst from Piper Sandler has decided to maintain their Neutral rating on Enphase Energy, which currently sits at a price target of $113. </li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Enphase Energy, which currently sits at a price target of $140. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Enphase Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Enphase Energy's Options: A Look at What the Big Money is Thinking

It&#8217;s a day of broad-based rallies on Wall Street, with both stocks and commodities showcasing robust performances in the wake of a hotter-than-expected labor market report, seemingly unfazed by growing fears over delays in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37900527/federal-reserve-pushes-stocks-to-record-highs-as-rate-cuts-loom-nvidia-rallies-appl">Federal Reserve&#8217;s rate cut plans</a>.
In March, the U.S. economy added 303,000 new employees, the highest level since May 2023, and well above the expected 200,000, the Bureau of Labor Statistics reported Friday. Yet, annual wage growth eased as expected, <a href="https://www.benzinga.com/etfs/specialty-etfs/24/04/38108835/us-labor-market-heats-up-in-march-payrolls-grow-by-303-000-highest-in-10-months-dampen-rate-c">partially alleviating inflationary fears. </a>
Traders have adjusted their expectations for a Federal Reserve rate cut in June downwards, with money market pricing currently suggesting nearly a 50-50 probability between a rate cut and maintaining rates steady, according to the CME Group Fed Watch. 
The S&amp;P 500 soared 1.3%, rebounding after Thursday&#8217;s 1.2% decline. The tech-heavy Nasdaq 100 rallied 1.7%, after losing 1.6% a day earlier, and blue-chip stocks inched 1% higher. 
Commodities sustained their upward momentum, with gold notably surpassing new all-time highs, breaching the $2,300 per ounce mark with a 1.7% increase, effortlessly shrugging off pressures from rising Treasury yields.
Crude oil prices tallied their sixth consecutive session of increases, or fourth straight positive week, with the West Texas Intermediate (WTI) climbing to $87 a barrel, marking its highest point since Oct. 23, 2023. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded 1% lower to $67,800, with the largest cryptocurrency on track for the worst-performing week since early January 2024. 
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices &amp; ETFs</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,170.17</td>
<td>1.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,212.14</td>
<td>1.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,963.61</td>
<td>1.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,070.24</td>
<td>0.7%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 1.2% higher to $518.98, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was 0.9% higher to $389.41 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was 1.5% higher to $441.94, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.3%, while the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) was the laggard, flat for the day.
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) soared 4.6%, on track for its ninth straight session of gains, buoyed by increasingly elevated gold prices. </li>
<li>Coeur Mining Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) rallied over 12% on rising silver prices. </li>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) rose 4.5%, after the spin-off company from GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) announced its first quarterly dividend of $0.28 per share. </li>
<li>Shares of Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell by 5.5% in trading on Friday after the company announced that David Ranhoff would be stepping down as chief commercial officer. Furthermore, Citigroup revised its recommendation for Enphase, moving from a &#8220;Buy&#8221; to a &#8220;Neutral&#8221; rating, and lowered the price target for the stock from $126 to $121.</li>
</ul>
Now Read: <a href="https://www.benzinga.com/news/large-cap/24/04/38113613/wondering-where-to-find-an-over-7-annual-return-check-out-these-10-investment-grade-corporate-bond">Wondering Where To Find An Over 7% Annual Return? Check Out These 10 Investment-Grade Corporate Bonds</a>

Stocks Rally On Hot Jobs Data, Defy Interest Rate Fears, Gold Hits New High, Oil Tops $87: What's Driving Markets Friday?

Citigroup analyst Vikram Bagri downgrades Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Buy to Neutral and lowers the price target from $126 to $121.

Downgrades

Citigroup Downgrades Enphase Energy to Neutral, Lowers Price Target to $121

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Enphase Energy (ENPH – Research Report). The company's shares c...

Craig-Hallum Keeps Their Buy Rating on Enphase Energy (ENPH)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
As <a href="https://www.earthday.org/">Earth Day</a> 2024 approaches, it&rsquo;s the perfect time to reflect on how we can invest in the planet and our future. For those looking to make a positive impact with their investments, sustainable stocks offer a compelling opportunity.



These companies not only prioritize environmental conservation and sustainability but also deliver strong financial returns. This Earth Day 2024, consider investing in three sustainable stocks that are helping to build a greener future while potentially growing your wealth.



The <a href="https://kids.nationalgeographic.com/celebrations/article/earth-day">history of Earth Day</a> dates back to 1970. At the time, U.S. Senator Gaylord Nelson organized a national demonstration to raise awareness about environmental issues. Fast-forward to today and Earth Day has become a global event celebrated by more than 140 countries.



People are increasingly concerned about the environment and see value in companies that pursue sustainability. Investing in sustainable stocks this Earth Day 2024 allows you to support companies that are making a difference. Read on to discover how you can invest in the planet this Earth Day 2024. These three top sustainable stocks are market leaders in electric vehicles, renewable energy, and waste management.



<h2>Tesla (TSLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/tsla1600-9-300x169.png" alt="Tesla (TSLA) on phone screen stock image."><div>Source: sdx15 / Shutterstock.com</div></div>With Earth Day 2024 just around the corner, investors who want to adopt a more environmentally conscious stance can&rsquo;t go wrong with Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), which has long proven itself to be one of the most sustainable stocks on the market. The electric vehicle pioneer continues to advance its impressive sustainability goals, driving meaningful innovation in clean energy.



In 2023, Tesla increased EV deliveries by an impressive 38% to over <a href="https://ir.tesla.com/press-release/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-fourth-quarter-2023">1.81 million</a> vehicles globally. It also expanded its industry-top charging infrastructure. Compared to gas-propelled cars, EVs help avoid over 55 tons of CO2 emissions over their lifespan. Additionally, Tesla&rsquo;s solar and battery storage growth accelerated 90%.



The financials are just as inspirational. Tesla closed out 2023 with impressive revenues of <a href="https://www.cnbc.com/2024/01/24/tesla-tsla-earnings-q4-2023.html">$82.42 billion</a>, including $25 billion in Q4 alone. Furthermore, a strong operating cash flow of $13.3 billion and a free cash flow of $4.4 billion confirm that Tesla is more than financially healthy and has more than sufficient capacity to keep funding clean energy innovations. As humanity focuses more and more on tackling climate change, sustainable stocks like Tesla that drive decarbonization through renewable energy and electric vehicles offer promising opportunities. With game-changing technology and strong financial performance, Tesla one of the sustainable stocks that provides an inspiring way to invest in the planet this Earth Day 2024.



<h2>Enphase Energy (ENPH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/enph1600-300x169.jpg" alt="mobile phone screen with Enphase Energy (ENPH) logo on it to represent renewable energy stocks"><div>Source: IgorGolovniov / Shutterstock.com</div></div>Another of the attractive sustainable stocks to celebrate Earth Day 2024, Enphase Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/enph-stock-quote/">ENPH</a>), distinguishes itself as the world&rsquo;s top supplier of solar microinverters. This critical technology is what makes residential solar panels possible.



Thus, Enphase Energy is helping society transition to a cleaner form of energy since their technological innovations ensure homes can use renewable energy.



And the results are significant. For example, Enphase managed to get solar power into more than five million homes in 2023 alone. As a result, more than <a href="https://enphase.com/company/sustainability">45 million metric tons</a> of carbon emissions did not pollute the atmosphere. Enphase also has its own very ambitious sustainability goals. The company intends for its operation to be fully powered by renewable energy by 2030.



What&rsquo;s intriguing is how Enphase empowers smarter household energy use. Their integrated solar and storage solutions let homeowners manage power wisely and even go off-grid seamlessly during outages. The resilient microinverter systems even outperform in hurricanes and extreme weather.



The growth and <a href="https://finance.yahoo.com/news/competitive-solar-market-analysis-nextera-140001032.html">financial metrics</a> are compelling, too&mdash;43.1% three-year revenue growth rate and a 41 P/E ratio. With strong tailwinds for residential solar over the long term, Enphase presents an excellent sustainable investment choice for Earth Day 2024 and beyond. When it comes to driving environmental innovation, few companies walk the walk like Enphase. Its renewable energy impact and stewardship confirm ENPH as one of the standout sustainable stocks this year.



<h2>Waste Management (WM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/waste-management-1600-300x169.jpg" alt="person depositing a plastic water bottle in a yellow plastic recycling bin. The bin is in a line-up of several other blue and green bins."><div>Source: shutterstock.com/PhotoByToR</div></div>Waste Management (NYSE:<a href="https://investorplace.com/stock-quotes/wm-stock-quote/">WM</a>) is another in the stable of excellent sustainable stocks for investors to celebrate Earth Day 2024 with. The company makes incredibly valuable contributions supporting circularity and decarbonization goals while maintaining impressive financial growth.



For example, WM has increased the amount of landfill gas beneficially reused by over <a href="https://investors.wm.com/static-files/a476b0e9-7fb7-4bf4-a44b-7d4c4fcbd6a1">20% since 2021</a> to 65%. At the same time, it expanded the amount of recyclables it manages from 15 million tons to 25 million tons. The company also owns the largest natural gas fleet, transitioning these heavy-duty vehicles away from diesel. Additionally, WM recently approved a $2.2 billion investment into renewable energy and recycling assets, including 20 new RNG facilities.



Financially, <a href="https://investors.wm.com/static-files/1331b248-ec1e-4fc3-bfa5-12dc003e4bf0">WM delivered over $5.8 billion in adjusted EBITDA</a> in 2023. Furthermore, it achieved a significant expansion of 90 basis points to its operating EBITDA margin, which reached 28.9%. The company also reported <a href="https://investors.wm.com/news-releases/news-release-details/wm-announces-fourth-quarter-and-full-year-2023-earnings#:~:text=Total%20Company%20adjusted%20operating%20EBITDA%20grew%2014.7%25%20to%20%241.56%20billion,29.9%25%20on%20an%20adjusted%20basis.&amp;text=Operating%20EBITDA%20in%20the%20Collection,adjusted%20basis%2C%20to%20%241.77%20billion%20.">a 4% increase in net cash</a> from operating activities, which reached $4.72 billion, while free cash flow before investments went up by 5.1% to hit $2.67 billion.



What&rsquo;s even more impressive is that the company expects to nearly double adjusted EBITDA to $8-8.5 billion by 2027 through these sustainability investments. Factor in a dividend hike for the 19th straight year to $2.60 annually, and these metrics show what an excellent investment Waste Management is.



For investors seeking sustainable stocks this Earth Day 2024, Waste Management offers an impactful environmental services option with robust financials and continued innovation. Its commitments supporting circularity and emissions reductions position WM favorably among socially conscious picks.



On the date of publication, Andrea van Schalkwyk did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Andrea van Schalkwyk is a value investor who adheres to the principles of the renowned Warren Buffett and his mentor Benjamin Graham. He holds a Master of Engineering (MEng) from the University of Padua and an Executive MBA from the CUOA Business School.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/invest-in-the-planet-3-sustainable-stocks-for-earth-day-2024/">Invest in the Planet: 3 Sustainable Stocks for Earth Day 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Invest in the Planet: 3 Sustainable Stocks for Earth Day 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Insider buying stocks are shares purchased by executives within a company. And on Wall Street, this often spotlights undervalued assets and signals future potential. Also, it underscores strong confidence upper management may have in the strategic direction of the business. As a result, investors keen on uncovering the next major opportunities keep a close eye on when chief executives and other company insiders publicly buy shares in their own companies. 



Notable <a href="https://www.2iqresearch.com/blog/profiting-from-insider-transactions-a-review-of-the-academic-research">academic research suggests</a> when insiders are buying. It can signal sunny days ahead for a given stock and even for the broader market. On the other hand, selling shares in one&rsquo;s own company often means a storm is brewing.



Hence, insider buying stocks could be one of the tools for investors with long-term vision. Heading into May, three stocks that have recently drawn significant investments from their leaders highlight a bullish outlook.



<h2>Saul Centers (BFS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/reit-1600-300x169.png" alt="REITs to buy Real estate investment trust REIT on an office desk."><div>Source: Vitalii Vodolazskyi / Shutterstock</div></div>A real estate investment trust (REIT), Saul Centers (NYSE:<a href="https://investorplace.com/stock-quotes/bfs-stock-quote/">BFS</a>) specializes in mixed-use shopping centers. BFS&rsquo; portfolio includes over 60 properties primarily in the northeastern U.S.&nbsp;&nbsp; 



Recent economic challenges haven&rsquo;t stopped Saul Centers from <a href="https://ir.saulcenters.com/news-market-data/press-releases/press-release/2024/Saul-Centers-Inc.-Reports-Fourth-Quarter-2023-Earnings/default.aspx">achieving strong financial growth</a> in 2023. The REIT recorded a 7% increase in fourth-quarter revenue year-over-year (YOY), totaling $66.7 million. Additionally, net income climbed almost 14% to $17.5 million, compared to $15.4 million in the prior-year quarter. This growth was primarily driven by higher termination fees and base rents, despite elevated costs.



Also, Saul Centers is strategically focusing on grocery-anchored shopping centers. As a result, the REIT enjoys a relatively stable and predictable income stream, making it an attractive option for income-seeking investors. The confidence in the company&rsquo;s trajectory was further <a href="https://www.marketbeat.com/instant-alerts/nyse-bfs-analyst-earnings-estimates-2024-04-12/">underscored by recent insider purchases</a>. In March, chief executive officer (CEO) B. Francis Saul II and President/Chief Operating Officer (COO) David Todd Pearson significantly increased their holdings in Saul Centers. As a result, corporate insider ownership has increased. 



Yet, despite positive indicators, BFS stock has underperformed the broader market, declining around 10% year-to-date (YTD). Nevertheless, the company still offers a robust 6.5% dividend yield. Also, analysts remain optimistic, setting a <a href="https://edition.cnn.com/markets/stocks/bfs">12-month price target</a> of $43.50 for the stock, suggesting a 22% upside potential from current levels.



<h2>Enphase Energy (ENPH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/enph1600-300x169.png" alt="Smartphone with logo of American company company Enphase Energy Inc. (ENPH) on screen in front of business website. Focus on left of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Next up on our list of insider buying stocks is Enphase Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/enph-stock-quote/">ENPH</a>). As a leading provider of microinverters, the company sits at the heart of a rapidly growing solar energy industry. These microinverters work with solar panels to convert DC power into AC power, making it easier for homeowners to generate their own electricity. 



Recent data suggests that by 2032, the solar power market worldwide is likely <a href="https://www.fortunebusinessinsights.com/industry-reports/solar-power-market-100764">to exceed $435 billion</a>, with a compound annual growth rate (CAGR) of nearly 6%. Despite the sunny outlook, its most <a href="https://investor.enphase.com/news-releases/news-release-details/enphase-energy-reports-financial-results-fourth-quarter-2023">recent earnings report</a> reveals a sharp decline in quarterly revenue, falling to $302.6 million from $724.6 million YOY. Rising interest rates impacted residential solar installations and thus, revenues. Also, adjusted net income decreased significantly from $212.4 million to $73.5 million. 



Yet, Enphase Energy CEO Badri Kothandaraman expresses optimism, stating that he sees falling interest rates and rising utility costs as additional tailwinds. In late February, Kothandaraman <a href="https://finance.yahoo.com/news/enphase-energy-inc-enph-ceo-081409610.html">increased his stake</a>, acquiring 4,000 shares of the company, signaling strong confidence in its prospects.



So far in 2024, ENPH shares have declined around 18%. Yet Wall Street has a <a href="https://edition.cnn.com/markets/stocks/ENPH">12-month price target</a> of $134 on ENPH, implying about a 23% upside from current levels. Finally, the company&rsquo;s price-to-earnings ratio is around 32x, which is lower than its historical average. Any further declines in the share price may provide an opportunity for long-term investors interested in a high-growth stock like Enphase Energy.



<h2>Orion Group Holdings (ORN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/construction-3-300x169.jpg" alt="An image of construction workers on a building construction site."><div>Source: Shutterstock</div></div>The final pick among top CEO stocks is Orion Group Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/orn-stock-quote/">ORN</a>), a silent force <a href="https://investorplace.com/2024/03/lottery-tickets-3-penny-stocks-to-buy-for-fast-100-gains/">in the construction industry</a>. With a focus on marine and specialty construction, ORN plays a crucial role within infrastructure projects.



In late February, the company <a href="https://www.oriongroupholdingsinc.com/investors/press-release/2024/28-02-2024-210821836">reported a fourth-quarter revenue increase of 2.8%</a> YOY, reaching $201.6 million. The growth was due to gains in marine projects like Pearl Harbor&rsquo;s Dry Dock, despite a decline in concrete revenues from winding down operations in Central Texas. Net loss narrowed to $4.4 million from $4.9 million.



Orion&rsquo;s management remains optimistic, forecasting stronger performances in 2024 and 2025, supported by a solid project backlog and favorable market conditions. Recent key strategic moves have include a disciplined bidding strategy, executive hires and securement of a $103 million credit facility. All of this positions Orion well for future growth. 



In a recent show of confidence, two ORN executives, CEO Travis Boone and General Counsel Chip Earle, <a href="https://www.channelchek.com/news-channel/orion-group-holdings-orn-some-insider-buying">added to their Orion holdings</a>. The recent purchase increased Mr. Boone&rsquo;s overall ORN stake to 402,557 shares.



Impressively, shares have <a href="https://www.cnbc.com/quotes/ORN?qsearchterm=orn">surged almost 63% YTD</a>. The stock trades at 34 times forward earnings and 0.40 times sales. Finally, analysts have a $10 <a href="https://edition.cnn.com/markets/stocks/ORN">price target on ORN</a> implying a 24% upside from current levels. &nbsp;



On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>
<div>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-stocks-ceos-are-buying-heading-into-may-2024/">3 Stocks CEOs Are Buying Heading Into May 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stocks CEOs Are Buying Heading Into May 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The global economy is progressing towards a sustainable future, making it an excellent time to invest in clean <a href="https://investorplace.com/industries/technology/">tech stocks</a> ahead of Earth Day.



Sustainability has been a big talking points over the past several years, and it&rsquo;s a secular trend that will continue benefitting businesses looking to evolve. The tech sector, in particular, has been a dominant force in the stock market for the last few decades, capitalizing on various trends. However, if tech companies embrace sustainability, it represents a powerful combination that will continue to yield incredible long-term gains.



Moreover, clean tech stocks promise robust financial gains and contribute positively to global ecological well-being. That said, here are three clean tech stocks that should appeal to the conscientious investor.



<h2>Enphase Energy (ENPH)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/enph1600-300x169.png" alt="Smartphone with logo of American company company Enphase Energy Inc. (ENPH) on screen in front of business website. Focus on left of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Enphase Energy&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/enph-stock-quote/">ENPH</a>) is a leading solar equipment provider whose stock soared to $336 in December 2022. However, since then, the stock has been on a downtrend, <a href="https://seekingalpha.com/symbol/ENPH/momentum/performance">shedding more than 50% of its value</a> last year. The boom in the solar energy sector has faded, which has weighed down Enphase&rsquo;s business and stock.&nbsp;



Nevertheless, once the headwinds clear out, Enphase is in an excellent position to post strong growth numbers again.&nbsp;It boasts a global presence, and it&rsquo;s looking to expand its presence in new geographies to add to its already impressive growth trajectory. It&rsquo;s worth noting that the firm reported a superb <a href="http://operating%20cash%20flow%20of%20%24696.3%20million">operating cash flow of $696.8 million</a> last year, which gives it the impetus to continue pursuing growth initiatives.



Another exciting chapter for the company is its EV charger business, which stands out for its integration with its powerful solar and battery systems, significantly enhancing energy efficiency. Its bidirectional charger supports vehicle-to-home and vehicle-to-grid functionalities, seamlessly aligning with its home energy system and promising robust long-term segment growth.&nbsp;



<h2>NextEra Energy (NEE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/nee1600-300x169.jpg" alt="Nextra Energy (NEE) website on a mobile phone screen"><div>Source: madamF / Shutterstock.com</div></div>NextEra Energy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/" target="_blank">NEE</a>) is a Florida-based cleantech business that operates a dual-faceted business model. Its Florida Power &amp; Light Company subsidiary serves as a traditional utility with sturdy sales growth, while NextEra Energy Resources focuses on renewable energy generation. Its robust two-pronged approach enables the firm to continue supporting its renewable efforts while maintaining reliable utility service. Consequently, it&rsquo;s become the world&rsquo;s largest producer of renewable solar energy.



Furthermore, NextEra operates an incredibly resilient business, with gross profit, net income and EBITDA margins comfortably exceeding the 20% mark. Moreover, <a href="https://seekingalpha.com/symbol/NEE/profitability">its return on common equity of 17%</a> trumps the sector median of 8.80% by a substantial margin. Also, its top-line growth has been equally impressive, if not more, boasting a 34% year-over-year (YoY) increase in sales.



More importantly, it has been one of the top <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> for investors, <a href="https://seekingalpha.com/symbol/NEE/dividends/scorecard">with a 3.22% yield</a> and 28 years of payout growth.



<h2>Microsoft (MSFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/msft1600-1-300x169.png" alt="Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC."><div>Source: The Art of Pics / Shutterstock.com</div></div>Microsoft&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>)&nbsp;has been one the most talked-about stocks in the past couple of years, due to its groundbreaking AI initiatives, record-high stock price gains and solid financials. However, many overlook its sustainability efforts, which positions it as a tech stock with a deep sense of purpose.



The company set several ambitious sustainability goals to marginalize its environmental footprint. <a href="https://news.microsoft.com/en-cee/2023/05/18/microsoft-is-committed-to-achieving-zero-carbon-emissions-and-waste-by-2030/#:~:text=It's%20possible%20to%20achieve%20this,and%20reducing%20product%20carbon%20footprint.">By the end of the current decade</a>, the firm aims to be carbon-negative while planning to power all its operations with 100% renewable energy by 2025. Similarly, it is working towards achieving zero waste certification for its operations, products, and packaging by 2030.



Furthermore, through its Planetary Computer initiative, the company is looking to play a vital role in ecosystem restoration, providing critical data and tools to protect biodiversity. These goals highlight Microsoft&rsquo;s commitment to spearheading sustainability and leveraging technology for environmental conservation.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-clean-tech-stocks-to-make-your-portfolio-shine-on-earth-day/">3 Clean Tech Stocks to Make Your Portfolio Shine on Earth Day</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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