Morgan Stanley lowered the firm’s price target on Enphase Energy (ENPH) to $28 from $32 and keeps an Underweight rating on the shares. Ahead of Q3 earnings for the firm’s Clean Tech coverage and renewable developers, the firm expects safe harbor volumes and orders to begin flowing through to both residential and utility-scale U.S. solar equipment manufacturers and expects tariff impacts to again be a point of questioning for management teams, the analyst tells investors in a preview for the group.
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