Enphase Energy (ENPH) PT Raised to $145 at TD Cowen

TD Cowen analyst Jeffrey Osborne raised the price target on Enphase Energy (NASDAQ: ENPH) to $145.00 (from $140.00) while maintaining a Buy rating.

The analyst commented: 'Despite 1Q24 results being lower than expected and a relatively disappointing 2Q24 guide, the commentary provided surrounding current sell-through demand levels and the remaining channel inventory to be cleared, still provides a reasonable set-up for a 2H24 revenue ramp. Demand seems to be on the mend as Europe saw some recovery in 1Q and non-California states are expected to bounce back in 2Q."

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