Why Enphase Energy's Shares Plunged and Then Popped After Hours
Shares of Enphase Energy (NASDAQ: ENPH) plunged as much as 6.1% in trading Tuesday as an analyst changed his price target on the stock. But shares rebounded after hours, climbing over 4% at one point after the company reported earnings.
The analyst move today came after B. Riley Securities analyst Christopher Souther raised his price target on the stock to $95 from $71 and kept a neutral rating on the stock. That price target was still below yesterday's closing price of $103.67. This came only hours after the company reported earnings.
Source Fool.com
