Seaport Research lowered the firm’s price target on Enphase Energy to $147 from $185 and keeps a Buy rating on the shares. The analyst admits to bring wrong on the European solar market’s overall health. However, Enphase endorsed the Seaport’s recovery timeline, delivered storage results that restored s prior bullish stance, and retained $890M of buyback authority with a “still robust” free cash flow trajectory, the analyst tells investors in a research note.
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