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

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 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

Oppenheimer Upgrades Enphase Energy (ENPH) to Outperform, 'downside scenarios will now be fully built into expectations'

(Updated - February 7, 2024 7:31 AM EST)

Oppenheimer analyst Colin Rusch upgraded Enphase Energy (NASDAQ: ENPH) from Perform to Outperform with a price target of $133.00.

The analyst comments "With ENPH guiding well below consensus and shares trading substantially higher, we believe the... More

Enphase Energy (ENPH) PT Raised to $110 at BMO Capital, 'Remain Cautious on Pace of Recovery'

(Updated - February 7, 2024 6:35 AM EST)

BMO Capital analyst Ameet Thakkar raised the price target on Enphase Energy (NASDAQ: ENPH) to $110.00 (from $106.00) while maintaining a Market Perform rating.

The analyst comments "ENPH introduced 1Q revenue guidance of $260 MM to $300 MM ($280... More

Enphase sees demand improving in near term, shares jump

(Reuters) - Solar inverter maker Enphase Energy said on Tuesday it expects inventory levels to normalize and demand for its products to pick up by the end of the second quarter, sending its shares up nearly 13% in extended trading.

Solar firms have been facing rising inventory levels in Europe as well as softening customer... More

Enphase Energy (ENPH) Misses Q4 EPS by 2c, misses on guidance

Enphase Energy (NASDAQ: ENPH) reported Q4 EPS of $0.54, $0.02 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $302.6 million versus the consensus estimate of $335.78 million.

GUIDANCE:

Enphase Energy sees Q1 2024 revenue of $260-300 million, versus the consensus of... More