BMO Capital Downgrades Enphase Energy (ENPH) to Market Perform

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BMO Capital not convinced by Enphase Energy (ENPH) - 'need more evidence demand has bottomed'

October 16, 2023 1:23 PM EDT

BMO Capital downgraded shares of Enphase Energy (NASDAQ: ENPH) to Market Perform from Outperform in a recent note, with analyst Ameet Thakkar cutting the price target to $148 from $175 per share.

Thakkar told investors that finding a bottom in the US residential solar... More