Financial giants have exhibited a significant bearish trend on Enphase Energy (NASDAQ: ENPH) through unusual options trading activity. A substantial majority of traders, 54%, expressed bearish sentiments, contrasting sharply with only 9% expressing bullish views. Big players are reportedly eyeing a price range between $25.0 and $60.0 for the solar energy stock. This comes as ENPH shares are currently down by 4.52%, trading at $47.98. Professional analysts have also set an average price target of $47.0 for Enphase Energy, aligning with some of the lower expectations.
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