Why Enphase Energy Stock Just Jumped 6.5%

Why Enphase Energy Stock Just Jumped 6.5%

Shares of solar microinverter maker Enphase Energy (NASDAQ: ENPH) are up a strong 6.5% as of 11:30 a.m. EDT. You can probably thank Bank of America and J.P. Morgan for that. Yesterday, you see, analysts at investment bank J.P. Morgan raised their price target on Enphase stock by $12, predicting the stock will hit $92 a year from now.