Enphase Energy named short-term buy idea at Deutsche Bank

Deutsche Bank analyst Corinne Blanchard placed a "Catalyst Call: Buy" on shares of Enphase Energy as a short-term investment idea. Enphase has been a material underperformer year-to-date, with the stock down 24% versus a 20% gain for its direct peer group, driven by a cautious tone from management in early January on U.S. residential demand and origination trends in the California market, the analyst tells investors in a research note. This has opened the opportunity for an attractive valuation level, says the firm. It believes the stock is well positioned in the short term and expects a "strong" Q1 earnings beat.