Is Enphase Stock Going to $140? 1 Wall Street Analyst Thinks So.

2023 was a bad time to be holding Enphase Energy (ENPH 3.62%) stock. Shares in the solar energy technology company were cut in half last year. That downtrend continued into 2024. But one analyst firm now thinks the stock has bottomed and sees a recovery underway.This week RBC Capital began covering Enphase stock with the equivalent of a buy rating and a share price target of $140. That price represents a gain of more than 10% from recent levels. That is on top of a 25% jump Enphase stock has made since it r ...