BMO Capital analyst Ameet Thakkar lowered the firm’s price target on Enphase Energy (ENPH) to $31 from $32 and keeps an Underperform rating on the shares. The company’s Q3 results topped estimates, though the management indicated it sees Q1 revenues of $250M – well below the firm’s already below-consensus estimate of $270M, the analyst tells investors in a research note. Enphase market share has already eroded due to shifting market dynamics, particularly in the U.S., the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENPH:
- Enphase Energy price target lowered to $37 from $40 at JPMorgan
- Enphase Energy price target lowered to $31 from $32 at Citi
- Sell Rating for Enphase Energy Due to Structural Weaknesses and Market Challenges
- Enphase Energy Faces Structural Challenges and Competitive Pressures Amidst Solar Market Reset
- Enphase Energy Reports Strong Q3 2025 Earnings