Enphase Energy forms alliance with Octopus Energy to boost sales
Enphase Energy Inc., a leading provider of solar energy solutions, has recently established a strategic partnership with Octopus Energy Group to enhance its sales. This collaboration is expected to drive significant future revenue growth for Enphase Energy by integrating its solar inverters and battery systems with Octopus's Kraken platform, which manages virtual power plants. This synergy aims to harness multiple home solar panels and batteries, integrating them into a cohesive and sustainable power generation system through smart distribution technologies.
Analysing potential trading opportunities for Enphase Energy Inc. (NASDAQ: ENPH):
On the Daily (D1) timeframe, the stock shows resistance at 114.40 USD and support at 106.00 USD, with early signs of an uptrend. A break above the current resistance level could further confirm this uptrend. If the price fails to do so and continues its downward trajectory, a potential target could be 360.50 USD.
For traders, surpassing the resistance at 114.40 USD could present a buying opportunity, with a short-term target set at 139.50 USD. Those contemplating a medium-term investment may consider holding a long position to reach up to 152.60 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Analysing potential trading opportunities for Enphase Energy Inc. (NASDAQ: ENPH):
On the Daily (D1) timeframe, the stock shows resistance at 114.40 USD and support at 106.00 USD, with early signs of an uptrend. A break above the current resistance level could further confirm this uptrend. If the price fails to do so and continues its downward trajectory, a potential target could be 360.50 USD.
For traders, surpassing the resistance at 114.40 USD could present a buying opportunity, with a short-term target set at 139.50 USD. Those contemplating a medium-term investment may consider holding a long position to reach up to 152.60 USD.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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