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Fly News Breaks for September 16, 2019
ENPH
Sep 16, 2019 | 06:47 EDT
JPMorgan analyst Mark Strouse started Enphase Energy with an Overweight rating and December 2020 price target of $32. The analyst is "encouraged" by Enphase's fundamental outlook, driven by industry tailwinds as well as company-specific tailwinds from new products, improving margins and cash flow, and international expansion opportunities. Further, despite the recent outperformance, the analyst believes the stock's valuation remains attractive on a growth-adjusted basis.