Enphase Energy price target raised to $150 from $125 at Northland

Northland analyst Gus Richard raised the firm’s price target on Enphase Energy to $150 from $125 and keeps an Outperform rating on the shares. California is starting to drive up storage attach rates and the firm expects the time of use of metering to expand to additional regions as electricity prices increase and distribution can not keep up with peak demand, the analyst tells investors.