Wells Fargo analyst Praneeth Satish maintains $Enphase Energy (ENPH.US)$ with a buy rating, and adjusts the target price from $101 to $83.
According to TipRanks data, the analyst has a success rate of 58.6% and a total average return of 5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Enphase Energy (ENPH.US)$'s main analysts recently are as follows:
Last year was described as 'tumultuous' for the alternative energy equipment and services sector, influenced by fluctuations in commodity prices, regulatory adjustments, and political shifts. Looking forward, it is noted that companies focused on utility-scale operations appear better positioned, supported by realistic consensus estimates and robust balance sheets. A cautious stance is maintained towards the residential solar sector, primarily due to its reliance on incentives and comparatively weaker financial flexibility.
The firm holds a cautious view on the Clean Energy sector for 2025 due to uncertainty around IRA/political factors and elevated interest rates. Despite the sector's recent downturn, it is anticipated that investors might refrain from engaging until more clarity emerges regarding regulatory and broader economic challenges.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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