Enphase Energy price target lowered to $251 from $311 at Barclays

Barclays analyst Christine Cho lowered the firm’s price target on Enphase Energy to $251 from $311 and keeps an Equal Weight rating on the shares. The analyst believes Enphase’s growth won’t be more meaningful until the third generation IQ battery rolls out later this year. The company’s attach rates will remain on the lower side in the U.S. in the near term, the analyst tells investors in a research note.