Evercore ISI initiated coverage of Enphase Energy (ENPH) with an In Line rating and $40 price target The residential solar industry has taken its lumps over the past two years amid a broad-based slowdown that began in 2Q23 within the U.S. and 3Q23 in Europe and the industry has yet to fully recover, the analyst tells investors in a research note. The firm does not believe 2025 will provide any incremental comfort as the expedited rate reduction cycle that was once hoped for takes longer to come to fruition, if at all.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENPH:
- Enphase Energy launches IQ Battery 5P with FlexPhase in India
- Enphase Energy announces collab with Essent in Netherlands
- Enphase Energy price target raised to $41 from $36 at Jefferies
- Enphase Energy Faces Stock Turbulence Amid Market Concerns
- Gordon Johnson Issues Sell Rating on Enphase Energy Amid Concerns Over Revenue Projections and U.S. Solar Market Outlook