Enphase Energy Faces Analyst Downgrades Following Q3 Results

Enphase Energy received downgrades from Roth Capital and Oppenheimer after its third-quarter results and weaker-than-expected fourth-quarter outlook. Roth cut its rating from Buy to Neutral and lowered its price target from $55 to $30, citing weak quarterly performance; Oppenheimer moved its rating from Outperform to Perform. Analysts pointed to pressure on margins from energy-storage price cuts, higher interest rates, and limited uptake of alternative financing for U.S. residential solar installations.