Enphase Energy, Inc. (NASDAQ:ENPH) ranks among the best sustainability stocks to invest in. On February 6, Freedom Capital Markets boosted Enphase Energy, Inc. (NASDAQ:ENPH)’s price target from $31 to $44, while keeping a Hold rating on the company’s shares. The hike follows Enphase Energy’s positive revision of its Q1 2026 revenue projection, with the company noting that this quarter is expected to be a low point in 2026.
Meanwhile, Mizuho increased its price target for Enphase Energy, Inc. (NASDAQ:ENPH) to $39 from $38. Mizuho identified several potential catalysts for the company, including the adoption of IQ9 microinverters and fifth-generation batteries. That said, the firm questioned the company’s loan and prepaid lease approach, stating that “adding more parties that need margins rarely leads to lower costs.”
The firm noted improvements to Enphase’s European development, with IQ9 and three-phase microinverters raking in $5-10 million in sales as the company explores markets worth roughly $400 million.
Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy management technology company that provides residential and commercial solar plus storage solutions.
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Disclosure: None. This article is originally published at Insider Monkey.