Truist lowered the firm’s price target on Enphase Energy to $260 from $285 but keeps a Buy rating on the shares. The company’s Q1 results were "solid", but the headwinds to near-term U.S. growth could pressure shares in the coming weeks or months, the analyst tells investors in a research note. Truist adds however that Enphase’s Europe rollout, product roadmap, and leading margins are putting Enphase in an advantageous position to navigate 2023 challenges and drive "compelling" long-term growth.
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Published first on TheFly
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