Enphase Energy price target raised to $45 from $42 at Wells Fargo

Wells Fargo analyst Praneeth Satish raised the firm’s price target on Enphase Energy (ENPH) to $45 from $42 and keeps an Overweight rating on the shares. The firm notes Q2 was in line and Q3 guide a bit soft. Enphase was down 8% after hours on muted safe harbor/pull forward commentary. Wells focus instead on 2026 where the outlook improved.