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Fly News Breaks for June 26, 2019
ENPH
Jun 26, 2019 | 09:12 EDT
Northland analyst Gus Richard initiated Enphase Energy with an Outperform rating and $24 price target, noting that the company will enable grid independence without storage as it launches its iQ8 inverter early next year and in his view "the killer application for solar is grid independence. The Ensemble 2.0 product offering, enabled by iQ8, increases its revenue opportunity per home to $10,000 from $2,000, said Richard.