Enphase Energy Slashed to Hold at Truist Securities
<p>Truist downgraded <a href='https://financialmodelingprep.com/financial-summary/ENPH'>Enphase Energy (NASDAQ:ENPH)</a> from a Buy rating to a Hold, along with lowering the price target from $210 to $135. The analysts provided insight, expressing concerns about the potential risks associated with a near-term recovery in the U.S. residential solar market due to factors like rate and spending challenges. </p>
<p>This adjusted outlook and the reevaluation of group valuations were the primary reasons for the downgrade. The analysts further explained that the valuation dynamics within the industry have shifted, with utility-scale solar suppliers now trading at a premium compared to residential supplier counterparts.</p>

NASDAQ:ENPH