Morgan Stanley analyst Andrew Percoco lowered the firm’s price target on Enphase Energy (ENPH) to $93 from $102 and keeps an Equal Weight rating on the shares. Several headwinds drove lower than expected Q4 revenue guidance, notes the analyst, who thinks Europe could remain a headwind in 2025, challenging current consensus estimates. The firm forecasts are 17% below consensus for revenue and EBITDA in 2025, the analyst noted.
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