BUZZ-Mizuho downgrades Enphase Energy to 'neutral', cuts PT
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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.
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