Enphase Boosts EV Charger Game with NACS Connectors For IQ EV Chargers, Says Compatible With Tesla
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2024
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Source: Benzinga
Enphase Energy's New Product Launch: Enphase Energy has introduced its new North American Charging Standard (NACS) connectors for its IQ EV Charger lineup, enhancing compatibility with NACS-enabled electric vehicles while maintaining existing features.
Market Performance and Investor Insights: Despite missing analyst estimates in Q2, Enphase shares have risen by 4.77% to $108.35, with investors able to gain exposure through ETFs like Invesco Solar ETF (TAN) and Global X Solar ETF (RAYS).
Analyst Views on TAN
Wall Street analysts forecast TAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TAN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 54.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
