Susquehanna analyst Charles Minervino has reiterated their neutral stance on ENPH stock, giving a Hold rating today.
Charles Minervino’s rating is based on a combination of factors, including Enphase Energy’s recent financial performance and market conditions. The company reported first-quarter earnings with a slight shortfall in earnings per share, although it surpassed revenue expectations. The guidance for the second quarter’s revenue aligns closely with estimates, but the company faces challenges with tariffs impacting margins significantly due to its reliance on battery cells sourced from China.
Additionally, demand remains subdued in both the U.S. and European markets, influenced by high interest rates, financial difficulties among installers, and uncertain policy environments. On a positive note, Enphase is advancing its product offerings with the introduction of its fourth-generation battery and a new inverter model later in the year. Despite these developments, the overall outlook remains cautious, leading to a Hold rating and a reduced price target.