Barclays lowered the firm’s price target on Enphase Energy (ENPH) to $28 from $40 and keeps an Underweight rating on the shares. The firm believes the One Big Beautiful Bill creates an “uneven playing field “for loans and cash in solar versus leases, resulting in diverging outlooks for SolarEdge and Enphase. Barclays now expects SolarEdge to see 20% sales growth while Enphase experiences double-digit declines.
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