Citi downgraded Enphase Energy (ENPH) to Sell from Neutral with a $47 price target While near-term Street estimates have aligned with Citi’s outlook, Enphase has a lack of clear catalysts for meaningful growth this year or next, the analyst tells investors in a research note. In addition, Citi sees several catalysts that could negatively impact the company’s long-term outlook, including tariffs on storage, potential delays in launching the new storage product due to tariffs, and lower natural gas prices keeping utility price increases in check. The firm views the potential for elimination of investment tax credit bonus adders as the biggest risk for Enphase.
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Read More on ENPH:
- Enphase Energy downgraded to Sell from Neutral at Citi
- Enphase Energy price target lowered to $47 from $65 at Piper Sandler
- Enphase Energy price target lowered to $58 from $86 at Barclays
- Enphase Energy price target lowered to $59 from $76 at Susquehanna
- Enphase Energy price target lowered to $59 from $63 at RBC Capital