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.
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Published first on TheFly
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