Renewable Energy Stock Suffers as Analysts Pile On

Company Performance - Enphase Energy Inc (NASDAQ:ENPH) stock is down 6.8% to $49.98, following first-quarter earnings and revenue that fell short of expectations [1] - CEO Badri Kothandaraman indicated that tariffs are a significant impediment to business, potentially reducing gross margins by 2% in the second quarter [1] - The stock previously hit a five-year low of $45.21 and is down 28% in 2025 [1] Analyst Reactions - Eight brokerages have lowered their price targets, with Jefferies making the steepest cut from $44 to $37 [2] - The current 12-month consensus price target is $69.69, indicating a nearly 40% premium from the current stock price [2] Options Market Activity - Options traders are increasingly buying puts, with a 50-day put/call volume ratio of 1.24, ranking in the 86th percentile of its annual range [3] - In the first hour of trading, 23,000 calls were exchanged, which is ten times the average intraday volume and double the number of puts [4] - The most popular options include the weekly 4/25 50-strike call and the weekly 5/2 40-strike put, with sell-to-open activity detected for both [4]