Enphase Energy (ENPH – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Jeff Osborne from TD Cowen maintained a Buy rating on the stock and has a $58.00 price target.
Jeff Osborne has given his Buy rating due to a combination of factors that highlight Enphase Energy’s strategic positioning and future potential. Despite the current challenges, such as tariff impacts and policy uncertainties affecting demand, Osborne remains optimistic about the company’s ability to navigate these hurdles. Enphase’s strategy to source battery cells outside of China is expected to mitigate tariff impacts and improve gross margins by 2Q26.
Furthermore, the upcoming production ramp of the IQ10C battery and the launch of the IQ9 product are key developments that Osborne believes will enhance Enphase’s competitive edge, particularly against rivals like Tesla. These new products are anticipated to drive growth and stabilize the company’s market position, making Enphase a promising investment opportunity in the long term.
In another report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $79.00 price target.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENPH in relation to earlier this year.