Enphase Energy (ENPH – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Jeff Osborne from TD Cowen maintained a Buy rating on the stock and has a $78.00 price target.
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Jeff Osborne has given his Buy rating due to a combination of factors, despite the macroeconomic challenges facing Enphase Energy in both the U.S. and Europe. He acknowledges the current negative sentiment surrounding the company, driven by uncertainties in demand recovery and concerns over competition and tariffs. However, Osborne remains optimistic about Enphase’s prospects in the latter half of 2025, particularly with the anticipated release of the IQ10C battery and IQ9 microinverter, which are expected to enhance competitiveness and potentially expand gross margins.
Osborne’s confidence is further supported by the company’s innovation cycle slated for 2025 and 2026, which he views as crucial for future success. Although the price target has been adjusted to $78 from $94, reflecting the current market conditions, Osborne sees potential in Enphase’s strategic initiatives and the possibility of demand rebounding due to higher electricity prices and lower interest rates. The upcoming financial results and updates on product releases are expected to provide further clarity on Enphase’s trajectory.
According to TipRanks, Osborne is an analyst with an average return of -2.0% and a 36.45% success rate. Osborne covers the Technology sector, focusing on stocks such as Enphase Energy, Cerence, and First Solar.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $70.00 price target.