KeyBanc lowered the firm’s price target on Enphase Energy to $148 from $200 and keeps an Overweight rating on the shares. Based on industry conversations, the firm tempers its expectations with respect to second half of the year inventory cycle turnaround. KeyBanc now expects lower sales in Q3 and Q4 and a slower recovery going into 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ENPH:
- Solar Energy Stocks: A Place Under the Sun
- Enphase Energy launches IQ Combiner to streamline solar, battery installations
- Enphase Energy price target lowered to $140 from $155 at Barclays
- Enphase Energy releases Solargraf software platform in Germany, Austria
- Enphase Energy Releases its Solargraf Design and Proposal Software Platform in Germany and Austria