Deutsche Bank Starts Enphase Energy (ENPH) at Buy; Niche Today, Mainstream Tomorrow

Deutsche Bank initiates coverage on Enphase Energy (NASDAQ: ENPH) with a Buy. PT $10.00.

Deutsche analyst said, "Enphase is poised to benefit from the rapid growth of micro-inverters in the grid parity era as the technology becomes mainstream due to superior advantages over traditional inverters and faster growth of residential/small commercial solar markets (currently the sweet spot of micro inverters). The company has a defensible technology position and has a robust cost reduction roadmap. We expect execution on share gains and cost reduction to act as next potential catalysts for shares."

For an analyst ratings summary and ratings history on Enphase Energy click here. For more ratings news on Enphase Energy click here.

Shares of Enphase Energy closed at $6.75 yesterday.

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