Deutsche Bank analyst Corinne Blanchard initiated coverage of Enphase Energy with a Buy rating and $330 price target. The analyst’s bullish outlook on the solar group is "underpinned by considerable growth opportunities" for the U.S. residential market and the "most powerful and positive regulatory environment the industry has ever seen." Tailwinds will "outshine any short-lived negatives," Blanchard tells investors in a research note. The analyst "favors quality names that look well set to benefit from a growing untapped market" and boosted solar demand in the U.S. and in key international markets. She says Enphase’s manufacturing capacity should double up in a two-phased approach.
Published first on TheFly
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