RBC Capital lowered Enphase Energy's price target to $28 due to concerns over Senate bill impact.

From Yahoo Finance: 2025-06-23 15:37:00

Enphase Energy Inc. (NASDAQ:ENPH) is among the best technology stocks according to Wall Street analysts. RBC Capital analyst Christopher Dendrinos lowered the price target to $28 from $50, citing concerns about the impact of the proposed Senate reconciliation bill on the clean energy sector.

RBC’s analysis assumes that the bill’s provisions will lead to reduced demand and margin assumptions for residential solar companies like Enphase Energy. The Senate’s proposed revisions, while more favorable in some aspects than the House version, are seen as restrictive due to limitations on stacking provisions.

In Q1 2025, Enphase Energy reported revenue of $356.1 million, including $54 million of Safe Harbor revenue. The company shipped approximately 1.53 million microinverters and 170.1 megawatt-hours of batteries in Q1. For Q2, Enphase Energy expects revenue in the range of $340 to $380 million, and they are launching new products like the fourth-generation IQ battery and the IQ9 microinverter.

Enphase Energy Inc. (NASDAQ:ENPH) focuses on designing, developing, manufacturing, and selling home energy solutions for the solar photovoltaic industry internationally. The company’s financial performance and product expansion indicate growth and innovation in the clean energy sector.

While Enphase Energy shows promise as an investment, some analysts believe other AI stocks offer greater potential with less risk. Investors looking for opportunities in undervalued AI stocks may find more upside in other companies. For more information on potential investment opportunities, refer to the provided links.



Read more at Yahoo Finance: RBC Capital Cuts Enphase Energy (ENPH) PT to $28 Amidst Concerns Over Proposed Senate Reconciliation Bill