Roth Trims PT on Enphase Energy (ENPH) to $1.50 Amid Restructuring, Equity Offering

Roth Capital cut its price target on Neutral-rated Enphase Energy (NASDAQ: ENPH) from $1.80 down to $1.50 after the company announced restructuring plans and an equity raise on Thursday night.

Analyst Philip Shen commented today: Shares fell sharply during after-hours trading. While details of the deal have not yet been provided, the offering could reduce near-term B/S concerns, though the company’s earnings outlook, in our view, remains challenged.

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

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