Enphase Energy Valuation To Remain Pressured In Near Term, Analyst Says
Portfolio Pulse from Lekha Gupta
Enphase Energy Inc (ENPH) has been downgraded by several analysts following weak Q3 FY23 earnings and a disappointing Q4 revenue forecast. Oppenheimer downgraded the stock to Perform from Outperform and removed the $191 price target. Raymond James cut the price target to $175 from $125 while maintaining an Outperform rating. Piper Sandler lowered the rating to Neutral from Overweight and cut the price target to $75 from $150. HSBC reduced the rating to Hold from Buy with a price target of $86. KeyBanc Capital Markets maintained an Overweight rating with a price target of $148.

October 27, 2023 | 5:24 pm
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NEGATIVE IMPACT
Enphase Energy's stock has been downgraded by several analysts due to weak Q3 earnings and a disappointing Q4 revenue forecast.
The downgrades by several analysts following weak Q3 earnings and a disappointing Q4 revenue forecast are likely to negatively impact Enphase Energy's stock in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100