Enphase Energy (NASDAQ:ENPH) Director Sells $5,985,472.50 in Stock

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Enphase Energy Director Thurman Rodgers sold 137,250 shares for $5,985,472.50, reducing his stake by 7.91%. Though the company reported an earnings beat with $0.71 EPS against $0.52 expected and revenue of $343.3M, it faces securities class actions that could lead to increased litigation risk and selling pressure. While analyst consensus is “Hold” with a target of $43.28, the company is expanding its European battery subscriptions through an Ensol partnership.

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