Susquehanna lowered the firm’s price target on Enphase Energy (ENPH) to $32 from $36 and keeps a Neutral rating on the shares. The firm said they reported 1Q results, with revenue and EPS largely in-line with estimates. 2Q revenue was guided to $280-$310M, including $85M in safe harbor shipments, as sell-through to begin the year has been weaker than anticipated following the expiration of the 25D tax credit.
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