Enphase Energy Reports Financial Results for the Fourth Quarter of 2023

Enphase Energy (ENPH) PT Raised to $125 at Evercore ISI, 'Nearing the Bottom for its Inventory Channel Reset'

Evercore ISI analyst James West raised the price target on Enphase Energy (NASDAQ: ENPH) to $125.00 (from $115.00) while maintaining a Outperform rating.

The analyst comments "Efforts to Streamline its Operations and Reset the Inventory Channel are Nearing the End; Long Term Strategy Remains Intact. Enphase continues to accelerate its transition from a solar company to an energy transformation company with the belief that full home electrification is inevitable. Its rapidly diversifying... More

Enphase Energy (ENPH) PT Lowered to $135 at Northland Capital Markets

Northland Capital Markets analyst Gus Richard lowered the price target on Enphase Energy (NASDAQ: ENPH) to $135.00 (from $148.00) while maintaining a Outperform rating.

The analyst comments "ENPH missed Q4 consensus revenues, and non-GAAP earnings were a penny below consensus. Our estimates come... More

Enphase Energy leaps despite earnings miss; Analyst says not as bad as feared

Enphase Energy (NASDAQ: ENPH) unveiled Q4 earnings and revenue that missed Wall Streets expectations and issued worse-than-expected guidance for the first quarter.

Even so, ENPH surged 15% in premarket trading Wednesday.

The energy technology company reported fourth-quarter earnings per share (EPS) of $0.54 for... More

Deutsche Bank Cautious on Enphase Energy (ENPH), 'Too early to see recovery signs'

Deutsche Bank analyst Corinne Blanchard raised the price target on Enphase Energy (NASDAQ: ENPH) to $115.00 (from $105.00) while maintaining a Hold rating.

The analyst comments "Enphase Energy reported weaker-than-expected 4Q23 results, with Revenues 8% below Street expectations driven by soft microinverter... More

Roth/MKM on Enphase Energy (ENPH): 'Destocking Should Be Done by Q2 End'

Roth/MKM analyst Philip Shen reiterated a Buy rating and $140.00 price target on Enphase Energy (NASDAQ: ENPH)

The analyst comments "ENPH delivered a mixed Q4/weak Q1 guide. At RE+, management thought the channel may clear by YE'23 (see... More

KeyBanc Cautious on Enphase Energy (ENPH), 'Without a full channel reset, we remain cautious on the story'

KeyBanc analyst Sophie Karp reiterated a Sector Weight rating and {REMOVEPT} price target on Enphase Energy (NASDAQ: ENPH)

The analyst comments "ENPH reported 4Q results and introduced 1Q guidance below expectations; however, management emphasized it believes 1Q, with low seasonal demand,... More

Wolfe Research Cautious on Enphase Energy (ENPH) 'given the uncertain pace of recovery from here'

Wolfe Research analyst Steve Fleishman reiterated a Peerperform rating and {REMOVEPT} price target on Enphase Energy (NASDAQ: ENPH).

The analyst comments "Management's tone suggests that the worst may be behind ENPH and the inventory channel could be mostly clear by... More