RBC Capital analyst Christopher Dendrinos lowered the firm’s price target on Enphase Energy (ENPH) to $63 from $71 and keeps a Sector Perform rating on the shares after its Q4 results. The company has a number of new product launches on the horizon and present Enphase with a strong opportunity to return to growth, but in the near term, it is ceding market share while the underlying demand remains soft, the analyst tells investors in a research note.
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Read More on ENPH:
- Enphase Energy price target lowered to $56 from $60 at BofA
- Enphase Energy price target lowered to $101 from $123 at Craig-Hallum
- Enphase Energy price target lowered to $90 from $100 at Roth MKM
- Enphase Energy price target raised to $103 from $101 at Oppenheimer
- Enphase Energy price target lowered to $76 from $79 at Susquehanna
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