TD Cowen lowered the firm’s price target on Enphase Energy to $262 from $313 and keeps an Outperform rating on the shares. The firm said revenue of 711.1mn came in at the low end of the guide range while adjusted gross margin was stronger than expected aided by a 1.6mn net IRA benefit and improved IQ8 product mix
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Read More on ENPH:
- Enphase Energy downgraded to Hold from Buy at Deutsche Bank
- Enphase Energy downgraded to Equal Weight from Overweight at Wells Fargo
- Enphase Energy price target lowered to $199 from $224 at JPMorgan
- Enphase Energy price target lowered to $155 from $221 at Barclays
- Enphase Energy price target lowered to $209 from $240 at Citi