Enphase Energy price target lowered to $37 from $44 at Jefferies

Jefferies lowered the firm’s price target on Enphase Energy (ENPH) to $37 from $44 and keeps an Underperform rating on the shares after the company missed Q1 expectations and guided to a tariff impact on gross margins that is expected to last through Q2 of 2026. The firm continues to view the backdrop as challenging, with tariffs “just throwing another wrench into the story,” the analyst tells investors.

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