Enphase Stock Sinks as Slower Transition Leads to Sharp Price Cut

2 years ago 496

This transcript is for your personal, non-commercial usage only. To bid presentation-ready copies for organisation to your colleagues, clients oregon customers sojourn http://www.djreprints.com.

https://www.barrons.com/articles/enphase-energy-enph-stock-price-cut-downgrade-51641410459

Updated Jan. 5, 2022 2:22 p.m. ET / Original Jan. 5, 2022 2:21 p.m. ET

Order Reprints
Print Article

Shares of star specializer Enphase Energy were tumbling Wednesday aft a crisp terms chopped and downgrade by analysts astatine BofA Global Research.

BofA Global Research lowered its standing connected the banal to Neutral from Buy and chopped the terms people to $187 a stock from $297. The analysts said Enphase’s caller expert time highlighted the company’s “efforts to diversify beyond its halfway microinverter income but affirmed our concerns of a slower modulation than perceived.”

The...

Read Entire Article