Enphase Energy price target lowered to $65 from $81 at Mizuho

Mizuho lowered the firm’s price target on Enphase Energy (ENPH) to $65 from $81 and keeps an Outperform rating on the shares. The firm reduced annual estimates to reflect higher import tariffs in the second half of 2025 and beyond and the resultant decline in U.S. residential solar demand. However, Enphase will likely pass higher tariffs to end customers, the analyst tells investors in a research note.