Barclays lowered the firm’s price target on Enphase Energy (ENPH) to $129 from $131 and keeps an Overweight rating on the shares. The analyst says the company’s de-stocking is completed and its Q3 guidance factors in some potential share gain by Tesla (TSLA). The firm notes Enphase’s gross margins continue to climb.
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Read More on ENPH:
- Enphase Energy Stock (NASDAQ:ENPH): Watch for Dark Clouds after Sunny Reaction
- ENPH Earnings: Enphase Jumps despite Missing Estimates Across the Board
- Enphase Energy sees Q3 revenue $370M-$410M, consensus $404.63M
- Enphase Energy reports Q2 EPS 43c, consensus 48c
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