Cowen analyst Jeffrey Osborne raised the firm’s price target on Enphase Energy to $341 from $335 and keeps an Outperform rating on the shares. The analyst said its Q4 EPS upside was driven by gross margin strength attributed to IQ8 penetration. Q1 revenue guidance is 7% above consensus at the midpoint with the U.S. expected to decline QoQ on seasonality with management optimistic U.S. will rebound in 2Q23.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ENPH:
- Enphase Energy price target raised to $257 from $251 at Barclays
- Enphase Energy Inc Earnings Report: Did it Beat Expectations?
- ENPH Surges Ahead with Winning Earnings Report
- Enphase Energy says plan to begin U.S. manufacturing of microinverters in Q2
- Enphase Energy CEO says January activations are holding up