Enphase Energy price target lowered to $62 from $72 at BofA
The Fly

Enphase Energy price target lowered to $62 from $72 at BofA

BofA analyst Dimple Gosai lowered the firm’s price target on Enphase Energy (ENPH) to $62 from $72 and keeps an Underperform rating on the shares after last night’s election results led to a solar sector-wide selloff as investors assess the potential impact of shifting federal policies. Although Trump’s policies would take time to take shape, his aim to amend the IRA and increase tariffs heightens the risk of significant sector impact, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App