Enphase Energy (ENPH) options active on 93K as share price down 16%

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Jefferies Downgrades Enphase Energy (ENPH) to Underperform

November 7, 2024 5:41 AM EST

Jefferies analyst Sean Milligan downgraded Enphase Energy (NASDAQ: ENPH) from Hold to Underperform with a price target of $61.00 (from $93.00).

The analyst comments "We downgrade Enphase to Underpeform, as we see a difficult set-up driven by growing uncertainty on residential solar following the election... More