Northland analyst Gus Richard raised the firm’s price target on Enphase Energy (ENPH) to $62 from $52 and keeps an Outperform rating on the shares. The firm also names Enphase Energy a Top Pick for 2026. Northland believes the solar sector will bottom in Q1 2026. It expects Enphase to gain momentum moving through 2026, driven by new product ramps including a new storage product, the iQ9 GaN-enabled microinverter, its bidirectional EV charger, and the recently launched meter collar. In addition, Northland expects TPO to promote storage solutions to existing customers.
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