Implications of Recent Analyst Changes for Enphase Energy's Evolving Narrative
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: Nov 14 20250mins
Analyst Adjustments: Enphase Energy's fair value estimate has been slightly reduced from $40.38 to $39.38 due to higher discount rates and softened revenue growth projections, reflecting mixed signals from analysts about the company's future.
Bullish Perspectives: Jefferies and JPMorgan have raised their price targets for Enphase, citing improved prospects in the residential solar industry and strong positioning for utility-scale solutions, while Jefferies upgraded the stock to Hold based on underappreciated opportunities.
Bearish Concerns: BMO Capital has lowered its price target and maintained an Underperform rating, highlighting management's disappointing revenue guidance and market share erosion, while Citi continues to rate Enphase as a Sell due to valuation concerns.
Strategic Developments: Enphase has partnered with Green Mountain Power for a home battery lease program and is launching new products like the IQ Bidirectional EV Charger, while also facing potential impacts from federal funding cuts in clean energy projects.
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Analyst Views on ENPH
Wall Street analysts forecast ENPH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENPH is 37.91 USD with a low forecast of 23.49 USD and a high forecast of 67.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
6 Buy
8 Hold
7 Sell
Hold
Current: 30.760
Low
23.49
Averages
37.91
High
67.00
Current: 30.760
Low
23.49
Averages
37.91
High
67.00
Seaport Research
Buy
downgrade
$55 -> $44
2025-11-03
Reason
Seaport Research
Price Target
$55 -> $44
2025-11-03
downgrade
Buy
Reason
Seaport Research lowered the firm's price target on Enphase Energy to $44 from $55 and keeps a Buy rating on the shares.
Susquehanna
Neutral
downgrade
$37 -> $33
2025-10-30
Reason
Susquehanna
Price Target
$37 -> $33
2025-10-30
downgrade
Neutral
Reason
Susquehanna lowered the firm's price target on Enphase Energy to $33 from $37 and keeps a Neutral rating on the shares. The firm said they reported 3Q results, with a beat on both revenue and EPS, driven by a roughly $71M in safe harbor revenue. 4Q revenue is expected to see sequential declines of about $80M at the midpoint, driven by a pull-forward from safe harboring as well as from reduced shipments due to planned destocking of the channel.
BMO Capital
Ameet Thakkar
Underperform
downgrade
$32 -> $31
2025-10-29
Reason
BMO Capital
Ameet Thakkar
Price Target
$32 -> $31
2025-10-29
downgrade
Underperform
Reason
BMO Capital analyst Ameet Thakkar lowered the firm's price target on Enphase Energy to $31 from $32 and keeps an Underperform rating on the shares. The company's Q3 results topped estimates, though the management indicated it sees Q1 revenues of $250M - well below the firm's already below-consensus estimate of $270M, the analyst tells investors in a research note. Enphase market share has already eroded due to shifting market dynamics, particularly in the U.S., the firm added.
RBC Capital
Sector Perform
downgrade
$33 -> $31
2025-10-29
Reason
RBC Capital
Price Target
$33 -> $31
2025-10-29
downgrade
Sector Perform
Reason
RBC Capital lowered the firm's price target on Enphase Energy to $31 from $33 and keeps a Sector Perform rating on the shares. The company is facing the challenges of weak international demand and the impacts of section 25D tax credit termination that is driving demand pull-forward, destocking, and safe harbor activity, the analyst tells investors in a research note. The opportunity for Enphase is executing on its product road map and supporting the adoption of a pre-paid lease as well as its loan offering that will allow its long-tail installer base to recapture share, RBC added.
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About ENPH
Enphase Energy, Inc. is a global energy technology company. The Company is a supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power and control it all with a smart mobile application. It designs, develops, manufactures and sells home energy solutions that manage energy generation, energy storage, and control and communications on one intelligent platform. The Enphase Energy System brings a technology, networked approach to solar generation plus energy storage, by leveraging its design expertise across power electronics, semiconductors and cloud-based software technologies. The Enphase Energy System, powered by IQ Microinverters, IQ Batteries and other products and services, is an integrated solar, storage and energy management offering that enables self-consumption. The Company also offers a predictive software platform dedicated to simplifying the cleantech service landscape.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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