Enphase sees demand improving in near term, shares jump
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Enphase Energy (ENPH) PT Raised to $125 at Evercore ISI, 'Nearing the Bottom for its Inventory Channel Reset'
February 7, 2024 7:43 AM ESTEvercore 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
February 7, 2024 6:47 AM ESTNorthland 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
Deutsche Bank Cautious on Enphase Energy (ENPH), 'Too early to see recovery signs'
February 7, 2024 6:45 AM ESTDeutsche 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'
February 7, 2024 6:39 AM ESTRoth/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'
February 7, 2024 6:38 AM ESTKeyBanc 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'
February 7, 2024 6:37 AM ESTWolfe 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
