Oppenheimer analyst Colin Rusch raised the firm’s price target on Enphase Energy to $134 from $133 and keeps an Outperform rating on the shares. With Enphase reaffirming its expectation for microinverter channel inventory to be cleared in Q2 2024 while noting energy storage inventory is already balanced, the firm believes the company is set up to enjoy both seasonal strength and the recovery in historically strong markets like the Netherlands and France.
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