Why Enphase Energy Stock Dropped 5% This Morning

Rich Smith, The Motley Fool
·2 min read
Why Enphase Energy Stock Dropped 5% This Morning
Why Enphase Energy Stock Dropped 5% This Morning

Shares of Enphase Energy (NASDAQ: ENPH) stock crashed more than 5% in very early trading Monday, tried to recover their losses, failed, and are slumping again. As of 10:55 a.m. EDT, Enphase is down 2.1% as Wall Street debates with itself precisely how much Enphase stock is worth. Early this morning, analysts at Credit Suisse raised their price target on Enphase stock from $60 to $89, reports StreetInsider.com.