Enphase Energy (ENPH) Misses Q3 EPS by 13c; offers 4Q24 outlook
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Go back to Enphase Energy (ENPH) Misses Q3 EPS by 13c; offers 4Q24 outlook
October 23, 2024 9:01 AM EDT
Craig-Hallum analyst Eric Stine lowered the price target on Enphase Energy (NASDAQ: ENPH) to $123.00 (from $153.00) while maintaining a Buy rating.
The analyst comments "Enphase Energy reported 3Q revenue within its guided range, but it missed across the board versus Street expectations. While the United States... More
October 23, 2024 7:17 AM EDT
Canaccord Genuity analyst Austin Moeller downgraded Enphase Energy (NASDAQ: ENPH) from Buy to Hold with a price target of $95.00 (from $140.00).
The analyst comments "Enphase (ENPH) reported Q3/24 revenues and Adj. EPS of ~$380.9M (down 30.9% y/y) and $0.63 (down 38.3% y/y), which missed our top-line and bottom-line estimates by ~ 3% and ~10%, respectively. Enphase... More
October 23, 2024 6:52 AM EDT
RBC Capital analyst Chris Dendrinos lowered the price target on Enphase Energy (NASDAQ: ENPH) to $85.00 (from $100.00) while maintaining a Sector Perform rating.
The analyst comments "3Q24 results missed expectations on lower volume, and the 4Q24 outlook is also below consensus on challenging demand... More
October 23, 2024 5:56 AM EDT
Evercore ISI analyst James West lowered the price target on Enphase Energy (NASDAQ: ENPH) to $125.00 (from $133.00) while maintaining a Outperform rating.
The analyst comments "US Market Improving, While European Business Environment Remains Challenged. Enphase continues to accelerate its transition from a solar company to an energy transformation company with the view that full home electrification is inevitable. Its rapidly diversifying product portfolio (third generation of IQ battery/ higher battery attach rates, smart EV chargers, IQ8P for small commercial opportunities, energy management software) and growing footprint as it ships more... More
