Enphase Stock Ends Volatile Week With New Signal for Solar Sector
Enphase Energy shares fell 1.64% to $68.36 Friday but ended the week up 6.8%. TD Cowen’s Jeff Osborne raised his price target to $70, citing solid-state transformer potential. U.S. revenue dropped 23% last quarter, while European revenue rose 36%. The company reported a GAAP net loss of $7.4 million on $282.9 million revenue.