Enphase Energy price target lowered to $83 from $101 at Wells Fargo

Wells Fargo lowered the firm’s price target on Enphase Energy (ENPH) to $83 from $101 and keeps an Overweight rating on the shares. The firm is negative on the Clean Energy sector in 2025 given IRA/political uncertainty and high interest rates. While the sector has traded off, investors may stay away until there’s clarity on regulatory and macro headwinds, Wells argues.

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