Markets are nudging higher today with the S&P 500 and Dow Jones Industrial Average rising 0.7% and 0.6%, respectively. But investors are especially charged up about solar specialist Enphase Energy (NASDAQ: ENPH) after learning of an analyst's optimistic outlook on the stock.

As of 11:24 a.m. ET, shares of Enphase Energy are up 5.4%, retreating from their earlier rise of 7.2%.

Espousing a decidedly more bullish outlook on shares of Enphase, Sean Milligan, an analyst at Janney Montgomery Scott, upgraded the stock to buy and assigned a $282 price target, implying upside of about 42% from Friday's closing price. On Feb. 3, Milligan had rated the stock neutral and set a price target of $238.

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Source Fool.com