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Rhumbline Advisers Grows Stake in Enphase Energy, Inc. $ENPH
Rhumbline Advisers increased its stake in Enphase Energy (NASDAQ:ENPH) by 7.9% in Q3, now holding 329,051 shares. Despite an EPS beat of $0.71 against estimates of $0.52, the company’s revenue fell 10.3% year-over-year, and it faces multiple class-action lawsuits regarding alleged misleading disclosures on tax credits and channel inventory. Analysts currently have a consensus “Hold” rating on the stock with an average target price of $42.70.