Credit Suisse analyst Maheep Mandloi lowered the firm’s price target on Enphase Energy to $260 from $295 due to slower customer growth, while keeping an Outperform rating on the shares following quarterly results. The firm expects demand pick up in Q3 due to seasonality and CA NEM 2.0 demand rush, followed by a decline in Q4.
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Published first on TheFly
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