Susquehanna lowered the firm’s price target on Enphase Energy (ENPH) to $51 from $59 and keeps a Neutral rating on the shares. The firm noted Q1 earnings were a slight miss on earnings and a beat on revenue. The Q2 guidance was largely inline but tariffs are expected to impact Q2 and Q3 margins as battery cell capacity is largely sourced from China.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 $46 from $59 at BMO Capital
- Enphase Energy price target lowered to $42 from $47 at Piper Sandler
- Enphase Energy Faces Revenue Pressures and Market Share Challenges Amid Tariff Impacts
- Enphase Energy downgraded to Sell from Neutral at Guggenheim
- Enphase Energy Faces Challenges Amid Market Uncertainties and Tariff Impacts, But New Product Offers Hope