BMO Capital analyst Ameet Thakkar maintains $Enphase Energy (ENPH.US)$ with a hold rating, and adjusts the target price from $114 to $104.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of -2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Enphase Energy (ENPH.US)$'s main analysts recently are as follows:
Enphase Energy is anticipated to encounter a deceleration in growth in the upcoming year due to intensifying market competition, which current consensus estimates may not have fully taken into account. Projections suggest that Enphase's revenue in 2025 will likely fall short of the consensus by 8%, at $1.825 billion, and its 2026 revenue will be around 13% below consensus, at $2.05 billion. Additionally, the prevailing high interest rate environment, coupled with the enhanced tax credits available to third-party owned systems under the Inflation Reduction Act, may pose further challenges to demand growth in the following year.
The firm has revised its stance on Enphase Energy, indicating a cautious approach to adding to positions or initiating new investments during the earnings season, which aligns with the timing of U.S. elections. An emphasis on 'relative value' is suggested. Additionally, while the Inflation Reduction Act is unlikely to be completely repealed, policy uncertainty is anticipated in the event of political shifts following the U.S. elections. Observations from both U.S. and European markets suggest a minimal to no rebound in residential solar demand, which is critical for the company's revenue growth.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
BMO資本市場分析師Ameet Thakkar維持$Enphase Energy (ENPH.US)$持有評級，並將目標價從114美元下調至104美元。
根據TipRanks數據顯示，該分析師近一年總勝率為50.0%，總平均回報率為-2.8%。
此外，綜合報道，$Enphase Energy (ENPH.US)$近期主要分析師觀點如下：
由於市場競爭加劇，預計來年Enphase Energy的增長將減速，而目前的共識估計可能沒有充分考慮到這一點。預測表明，Enphase在2025年的收入可能比市場預期低8％，達到18.25億美元，而其2026年的收入將比市場預期低約13％，爲20.5億美元。此外，當前的高利率環境，加上根據《通貨膨脹減少法》向第三方自有系統提供的更多稅收抵免，可能會對來年的需求增長構成進一步的挑戰。
該公司已經修改了對Enphase Energy的立場，表明在業績期期間對增加頭寸或啓動新投資採取了謹慎的態度，這與美國大選的時機一致。建議強調 「相對價值」。此外，儘管《通貨膨脹削減法》不太可能被完全廢除，但如果美國大選後出現政治轉變，預計政策將出現不確定性。來自美國和歐洲市場的觀察表明，住宅太陽能需求幾乎沒有反彈，這對於公司的收入增長至關重要。
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