Form ARS Enphase Energy, Inc. For: Dec 31

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Go back to Form ARS Enphase Energy, Inc. For: Dec 31

Citi Downgrades Enphase Energy (ENPH) to Neutral, 'pace of inventory reduction is slower than expected in the US'

April 5, 2024 7:45 AM EDT

Citi analyst Vikram Bagri downgraded Enphase Energy (NASDAQ: ENPH) from Buy to Neutral with a price target of $121.00 (from $126.00).

The analyst comments "We are downgrading ENPH to Neutral/High Risk as the pace of inventory reduction is slower than expected in the US. A... More