Enphase Energy price target lowered to $230 from $281 at Wells Fargo

Wells Fargo analyst Praneeth Satish lowered the firm’s price target on Enphase Energy to $230 from $281 and keeps an Overweight rating on the shares. Enphase reported a "solid" Q1, but provided "weak" guidance for Q2, the analyst tells investors in a research note. The outlook for growth over the next quarters is uncertain, but the price weakness seems overly correctional, the firm says.