What's Going On With Enphase Stock Today?
Portfolio Pulse from Ryan Gustafson
Enphase Energy, Inc. (NASDAQ:ENPH) shares are trading lower, following a rough month for solar-related stocks. The drop is attributed to weak third-quarter revenue guidance from both Enphase and SolarEdge, and poor preliminary second-quarter results from Sunpower. Keybanc analyst Sophie Karp maintained Enphase Energy with an Overweight but lowered the price target from $267 to $200.
August 24, 2023 | 6:34 pm
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NEGATIVE IMPACT
Enphase Energy's stock is trading lower due to weak Q3 revenue guidance and a lowered price target by Keybanc.
Enphase Energy's stock is trading lower due to weak Q3 revenue guidance and a lowered price target by Keybanc. This indicates a negative sentiment towards the company's financial performance, which is likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100