Enphase Energy (ENPH – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Praneeth Satish from Wells Fargo maintained a Buy rating on the stock and has a $65.00 price target.
Praneeth Satish has given his Buy rating due to a combination of factors impacting Enphase Energy’s outlook. Despite the temporary setback in margins caused by tariffs on Chinese imports, the company has a clear mitigation strategy in place. This strategy involves sourcing battery cells from outside China and relocating raw material procurement, which is expected to offset the tariff impact by the second quarter of 2026.
Additionally, Enphase Energy’s revenue projections for the second half of 2025 show promise, with anticipated improvements from new product launches and market expansions. The potential easing of tariffs, as suggested by President Trump’s comments, could further enhance margins. While there are some risks associated with microinverter inventory levels, the company expects these to normalize with improved sell-through in the second quarter. Overall, the combination of strategic initiatives and potential market tailwinds supports the Buy rating.
In another report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $79.00 price target.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENPH in relation to earlier this year.