Roth Capital analyst Philip Shen raised the firm’s price target on Enphase Energy (ENPH) to $55 from $45 and keeps a Buy rating on the shares after its Q4 earnings beat. Shorts were looking for more weakness in Q2, but the management firmly reiterated that Q1 is the trough, the analyst tells investors in a research note.
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Read More on ENPH:
- Enphase Energy price target raised to $40 from $35 at TD Cowen
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- Enphase Energy price target raised to $46 from $39 at Susquehanna
- Solid Q4 Execution but Structural Headwinds and Demand Uncertainty Justify Sell Rating and $30 Downside Target
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