Wells Fargo lowered the firm’s price target on Enphase Energy (ENPH) to $45 from $50 and keeps an Overweight rating on the shares. The firm notes Q1 missed and the Q2 guide was soft. That said, the key headline was Enphase’s SST announcement, which Wells estimates is worth about $20/share assuming a 5% share of its SST TAM forecast.
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