As previously reported, Scotiabank analyst Tristan Richardson downgraded Enphase Energy to Sector Perform from Outperform with a price target of $140, down from $180. The firm, which contends Q3 reporting season will be “very early to see major signs of inflection or improvement in the operating environment for residential solar,” is reducing estimates for some names in the group for both Q3 and Q4 on lower visibility and downgrading Enphase due to lack of visibility into a recovery.
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Read More on ENPH:
- Enphase Energy launches IQ EV chargers in U.S., Canada
- Enphase Energy Launches IQ EV Chargers in the United States and Canada
- Enphase Energy downgraded to Sector Perform from Outperform at Scotiabank
- Enphase Energy price target lowered to $155 from $169 at JPMorgan
- Enphase Energy price target lowered to $170 from $185 at Roth MKM