Enphase Energy stock drops 5.6% after Jefferies cuts price target due to demand concerns

From StockTwits: 2025-04-03 02:28:00

Enphase Energy Inc. (ENPH) received a price target cut at Jefferies, dropping nearly 30% from Wednesday’s close, leading to a 5.6% after-market drop in share price. The brokerage cited challenges in residential demand due to concerns over the Inflation Reduction Act. Other analysts from Wells Fargo, Barclays, RBC Capital, and Bank of America Securities also lowered their price targets for Enphase Energy in March. Stocktwits sentiment around Enphase remained bearish, with one user predicting a 10-12% decrease in stock price. The average price target for Enphase is $79.49, with 17 ‘Strong Buy’ or ‘Buy’ recommendations, 20 ‘Hold’ recommendations, and 3 ‘Sell’ or ‘Strong Sell’ ratings. ENPH stock is down 9% year-to-date, with challenging market conditions in Europe affecting overall sentiment.



Read more at StockTwits: Enphase Energy Stock Declines After Jefferies Cuts Price Target Amid Demand Concerns: Retail Remains Bearish