Susquehanna analyst Biju Perincheril lowered the firm’s price target on Enphase Energy to $275 from $365 and keeps a Neutral rating on the shares. The analyst said they beat on the top and bottom line but demand within the US is becoming more uncertain as macroeconomic concerns are causing installers to purchase only what they need right now rather than to secure future supply.
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Published first on TheFly
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