GLJ Research initiated coverage of Enphase Energy with a Sell rating and $45.82 year-end 2024 price target. The firm sees “four structural flaws to the popular view” that Enphase’s fundamentals will return to their “post-COVID glory” in the second half of 2024, the analyst tells investors. The firm arrives at 2024 and 2025 adjusted EPS estimates of $1.96 and $1.98, respectively, which it compares to consensus estimates of $2.76 and $4.96, respectively.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENPH:
- Enphase Energy launches IQ8 Microinverters in Finland
- Enphase Energy Releases 2023 Environmental, Social, and Governance Report
- Enphase Energy call volume above normal and directionally bullish
- Early notable gainers among liquid option names on May 14th
- Enphase Energy to participate in a webinar with Roth MKM
