TD Cowen lowered the firm’s price target on Enphase Energy to $143 from $178 and keeps an Outperform rating on the shares. The firm said since reporting 2Q results Enphase has seen significant demand deterioration in Europe while the U.S. has continued to weaken, attributable to the shift to NEM 3.0 in CA.
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Read More on ENPH:
- Enphase Energy downgraded to Perform from Outperform at Oppenheimer
- Enphase Energy price target lowered to $81 from $140 at Barclays
- Enphase Energy downgraded to Neutral from Overweight at Piper Sandler
- Enphase Energy falls 16% to $80.75 after Q3 results, below-consensus guidance
- Enphase (NASDAQ:ENPH) Craters 16% on Huge Guidance Miss