BUZZ-Mizuho downgrades Enphase Energy to 'neutral', cuts PT
Mizuho has downgraded Enphase Energyfrom 'outperform' to 'neutral' and reduced its price target from $50 to $37, indicating a 2.5% upside from the last close. The brokerage anticipates a decline in residential solar demand in 2026 due to a shift towards leases and an unproven financing model. While a Q3 earnings beat is expected, Q4 guidance may miss consensus due to slowing channel inventory. Currently, 11 of 36 brokerages rate the stock as 'buy' or higher, with a median price target of $40. The stock is down 47.5% year-to-date.
Brokerage Mizuho downgrades solar inverter maker Enphase Energy (ENPH.O) to “neutral” from “outperform”, cuts price target to $37 from $50
The new PT represents upside of 2.5% to the stock’s last close
Brokerage expects residential solar demand to drop in 2026 as more customers are choosing leases over buying and the company’s new financing model is still unproven
Brokerage expects Q3 beat due to safe harbor sales, and a Q4 guidance miss vs consensus due to channel inventory slowing ahead of tax credit step down
11 of 36 brokerages rate the stock “buy” or higher, 16 “hold” and 9 “sell” or lower, median PT $40 - data complied by LSEG
Including session’s moves, stock down 47.5% YTD
