Enphase Stock Sinks as Slower Transition Leads to Sharp Price Cut

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Updated Jan. 5, 2022 2:22 p.m. ET / Original Jan. 5, 2022 2:21 p.m. ET

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Shares of star specializer Enphase Energy were tumbling Wednesday aft a crisp terms chopped and downgrade by analysts astatine BofA Global Research.

BofA Global Research lowered its standing connected the banal to Neutral from Buy and chopped the terms people to $187 a stock from $297. The analysts said Enphase’s caller expert time highlighted the company’s “efforts to diversify beyond its halfway microinverter income but affirmed our concerns of a slower modulation than perceived.”


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