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Fly News Breaks for September 23, 2016
ENPH
Sep 23, 2016 | 09:09 EDT
Roth Capital analyst Philip Shen believes Enphase Energy's proposed follow-on offering in combination with restructuring initiatives could reduce near-term balance sheet concerns. However, the analyst believes the company's earnings outlook remains challenged. Shen reiterates a Neutral rating on the stock and lowered his price target on the shares to $1.5 from $1.8.
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