Mizuho analyst Maheep Mandloi raised the firm’s price target on Enphase Energy (ENPH) to $38 from $37 and keeps a Neutral rating on the shares. The firm expects the company to report above-consensus Q4 results and Q1 guidance, driven by incremental safe harbor orders. Channel checks indicate November and December residential installations were better than expected, the analyst tells investors in a research note.
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