Street View: Enphase Energy to face near-term hurdles

Solar inverter maker Enphase Energy ENPH.O forecast third-quarter revenue below Wall Street estimates on Tuesday and said President Donald Trump's import tariffs had impacted its gross margin

ENPH shares down 7.8% premarket

ANALYSTS SEE NEAR-TERM MARKET HURDLES

TD Cowen ("hold,") cuts PT to $40 from $45, sees minimal catalysts in 2H25 as U.S. demand remains soft and safe harbor activity remains unclear in scope/timing

Roth Capital Partners ("buy," PT:$45) says shares may struggle in the coming quarters until the U.S. residential market along with ENPH finds some footing

"The stock may not be able to work to the upside until investors can start to have more confidence that ENPH's fundamentals have found a bottom representing an inflection back to growth. We may not see this until mid-2026" - Roth

J.P. Morgan ("neutral," PT: 37) says it still views ENPH as an industry leader with sustainable above-average margins

Brokerage maintains rating given the expected shakeout in market dynamics