Enphase Energy price target raised to $68 from $67 at Oppenheimer

Oppenheimer analyst Colin Rusch raised the firm’s price target on Enphase Energy (ENPH) to $68 from $67 and keeps an Outperform rating on the shares. With Enphase delivering a beat and raise print while indicating its bidirectional charging technology is well suited for 800V data center applications, the firm believes many investors will re-evaluate their cautious stance on Enphase growth. Oppenheimer continues to believe Enphase’s power management and controls capabilities uniquely meet the complex challenges of an overtaxed grid. Specifically, it sees microgrid, low-voltage ride-through, reactive power management, and bidirectional power optimization functionalities supporting out-sized value capture.