Enphase Energy shoots higher as director reports $4M in share purchases
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Enphase Energy (NASDAQ:ENPH) +4.6% in Tuesday's trading as director Thurman Rodgers disclosed the purchase of more than $4M in stock, according to an SEC filing.
Rodgers reported purchases of 32,600 common shares on September 14 at prices between $122.47 and $122.84, raising his total holdings to ~93K shares.
On Monday, Enphase (ENPH) said installers of the company's products in Australia have seen an increase in deployments of Enphase Energy Systems, powered by the new IQ Battery 5P and IQ8 Microinverters.
Enphase Energy (ENPH) recently was downgraded to Hold from Buy at Truist Securities, which sees the potential for a more "prolonged recovery in U.S. resi solar markets than currently priced into shares."

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