Information Provided By:
Fly News Breaks for July 8, 2015
SEDG, ENPH
Jul 8, 2015 | 06:30 EDT
JPMorgan downgraded Enphase Energy (ENPH) to Neutral saying "relentless" competitive pressure from companies like SolarEdge (SEDG) will hurt the company's microinverter pricing and margins. The firm thinks Enphase shares will not move markedly higher until new products are introduced and show pricing power and/or market share gain. JPMorgan cut its price target for Enphase shares to $10 from $16.