What's Going On With Enphase Stock Today?
Portfolio Pulse from Ryan Gustafson
Enphase Energy, Inc. (NASDAQ:ENPH) announced that its cloud-based design and proposal software platform, Solargraf, is now available in Brazil. The company also received a price target change from Morgan Stanley analyst Andrew Percoco, who maintained an Equal-Weight rating but lowered the price target from $268 to $234. Shares of ENPH were up 5.95% at the time of publication.
July 17, 2023 | 5:58 pm
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POSITIVE IMPACT
Enphase Energy's expansion of Solargraf to Brazil and the lowered price target from Morgan Stanley may impact the company's stock.
The expansion of Solargraf to Brazil represents a potential increase in revenue for Enphase Energy, which could positively impact the company's stock. However, the lowered price target from Morgan Stanley may create some uncertainty among investors, potentially impacting the stock negatively. The net effect is likely to be positive given the immediate rise in the stock price.
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IMPORTANCE 75
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