Core Insights - Deep-pocketed investors are showing a bullish sentiment towards Enphase Energy, indicating potential significant developments ahead [1] - The options activity for Enphase Energy has been notably high, with 55% of investors leaning bullish and 22% bearish [2] Options Activity - There have been 9 extraordinary options activities detected for Enphase Energy, with a total of $833,077 in puts and $200,484 in calls [2] - The price target range identified by major players is between $22.5 and $180.0 for Enphase Energy over the past quarter [3] - The average open interest for options stands at 2,750.12, with a total volume of 1,929.00 [4] Significant Trades - Notable options trades include a bullish put trade with a total price of $670.5K and a strike price of $35.00, as well as a bullish call trade with a total price of $93.6K and a strike price of $30.00 [9] Company Overview - Enphase Energy is a global energy technology company specializing in solar generation, storage, and communication solutions, primarily serving the rooftop solar market [10] - The company derives a majority of its revenue from the United States [10] Market Analysis - Recent analyst ratings suggest an average target price of $34.5 for Enphase Energy, with various analysts maintaining neutral to sell ratings [12][13] - The current trading volume for Enphase Energy is 2,452,345, with a price increase of 2.98% to $35.29 [15]
Enphase Energy Options Trading: A Deep Dive into Market Sentiment - Enphase Energy (NASDAQ:ENPH)