Enphase Energy price target raised to $33 from $29 at Barclays

Barclays analyst Christine Cho raised the firm’s price target on Enphase Energy (ENPH) to $33 from $29 and keeps an Underweight rating on the shares as part of a Q3 earnings preview. The company’s Q4 outlook could come in ahead of Street estimates, but its 2026 outlook will hinge on success of the prepaid lease structure, the analyst tells investors in a research note. Barclays says a large safe harbor tied to this structure “could inflate 2026 numbers.”