Enphase Energy price target lowered to $76 from $79 at Susquehanna

Susquehanna analyst Biju Perincheril lowered the firm’s price target on Enphase Energy (ENPH) to $76 from $79 and keeps a Neutral rating on the shares. The firm said they reported 4Q earnings, with a beat on EPS due to higher than expected IRA benefits, while revenue was in-line. Demand in the U.S. has largely stabilized, while European demand remains soft, with some pockets of strength like the U.K. In 1Q.