Enphase Energy (ENPH) Misses Q1 EPS by 2c

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Barclays Reiterates Overweight Rating on Enphase Energy (ENPH)

April 23, 2025 6:05 AM EDT

Barclays analyst Christine Cho reiterated an Overweight rating and $58.00 price target on Enphase Energy (NASDAQ: ENPH)

The analyst comments "Tariff impact on batteries to have negative 600-800 bps on gross margin by 3Q: The impact in 2Q is much smaller at 200 bps to corporate gross margins due to pre-tariff inventory the company had on its balance sheet (we estimate ENPH tends to keep ~70 days of inventory on hand), whereas a full quarter of tariffs will be realized in 3Q. In our 1Q preview, we estimated that a 145% tariff on the cell would... More