GLJ Research analyst Gordon Johnson lowered the firm’s price target on Enphase Energy (ENPH) to $31.11 from $50.69 and keeps a Sell rating on the shares. Enphase Energy’s Q1 results missed expectations on a number of fronts, and the firm sees an incremental 32% downside to the shares through year-end 2025, the analyst tells investors in a research note. The firm believes Enphase’s gross margins are in the process of resetting structurally lower against a backdrop of sales that are in structural decline.
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