Piper Sandler is optimistic again on Enphase Energy , saying that the company's U.S. business is "not as bad as feared." Analyst Kashy Harrison upgraded the shares to overweight from neutral. His price target of $255 implies shares gaining 22% from Friday's close price. The firm's upgrade comes after it downgraded Enphase shares to neutral in January 2023. The previous downgrade was due to concerns that U.S. residential demand would significantly weaken.
mountain Enphase Energy stock Harrison believes Enphase's earnings margins could reach the 40% range as the company ramps up its production and harvests credits from the Inflation Reduction Act. To be sure, he noted that an unexpected declaration in the company's international expansion is a risk to his optimistic outlook on the stock. Enphase shares have dropped 21.1% in 2023, but have gained more than 9% over the past 12 months. The stock was up 1.7% during premarket trading on Monday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan, U.S. agree to cooperate on geothermal energyJapan and the United States agreed Saturday to cooperate on developing geothermal energy, one of the most plentiful resources on this volcanic island chain. Someone tell me what background in the energy sector Jennifer Granholm brought to the table.
Source: WashTimes - 🏆 235. / 63 Read more »
Germany shutting down last 3 nuclear plants, relying on coal, natural gas during 'clean' energy pushGermany began dismantling the final three nuclear power facilities in the country on Saturday, promising to move entirely to renewable green energy in the coming years. Is coal ‘clean’? 🤔 Wtf
Source: FoxNews - 🏆 9. / 87 Read more »
Colorado pitches park in Golden as global hub of energy innovationColorado Gov. Jared Polis wants the park in the west of Denver to be a global hub for technology to accelerate the transition to renewable energy. this is a really good idea 🩵 Roof it!
Source: denverpost - 🏆 13. / 72 Read more »
Germany shutters last nuclear power plants amid European energy crisisGermany finally pulled the plug on its final three nuclear power plants Saturday, amid an energy crisis ravaging Europe. Goodbye Germany That's a shame. Nuclear energy is safer and more cost-effective than fossil fuels such as coal and gas. It's one of the cleanest and most inexpensive energy sources on earth. It is an effective source of energy. Nuclear energy is the future. Breaking: 'Germany shoots itself in what's left of its foot.'
Source: dcexaminer - 🏆 6. / 94 Read more »