BUZZ-Street View: Enphase Energy to face weak demand in 2025 despite upbeat Q1 forecast

Updates

Solar inverter maker Enphase Energy ENPH.O forecast Q1 revenue above market estimates on Tuesday, after robust demand helped it post a better-than-expected Q4 operating profit

Fifteen of 39 brokerages rate the stock "buy" or higher, 21 "hold" and 3 "sell" or lower; their median PT is $81 - data compiled by LSEG

ENPH shares up 1.4% at $67.71 on Wednesday

CHOPPY DEMAND DESPITE 4Q24 BEAT

Morgan Stanley ("Equal-Weight") cuts PT to $67 from $68, says demand appears shaky at best, with management highlighting a "stable" U.S. market and a mixed Europe market

Brokerage says "tariff uncertainty could raise the hurdle for additional Fed cuts, which is a key catalyst for stronger demand in the U.S."

BMO ("Market Perform") cuts PT to $66 from $69, says that demand remains weaker than expected and implies estimates likely need to come down again

Jefferies ("Underperform") cuts PT to $54 from $57, says that while the U.S. market continues a slow but steady recovery, the EU market is expected to be weak through 2025

TD Cowen cuts PT to $94 from $100, RBC cuts PT to $63 from $71