Enphase Energy (ENPH) Pullback is a Buying Opportunity Ahead of a Strong Quarter - Roth Capital

April 21, 2021 7:15 AM EDT
Get Alerts ENPH Hot Sheet
Price: $162.59 +6.95%

Rating Summary:
    17 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 13
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Roth Capital analyst Philip Shen reiterated a Buy rating and $260.00 price target on Enphase Energy (NASDAQ: ENPH), seeing the pullback as a buying opportunity ahead of a strong Q1 report and Q2 guide.

The analyst stated "The inventory situation appears to be improving, though still not close to normalized, while the storage product gains traction. We expect ENPH to benefit from a strong U.S. resi market and see share gains internationally. Our checks suggest pricing remains stable, while the expected Q2 launch of IQ 8 could support higher ASPs by Q3."

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 $147.00 yesterday.

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