Enphase Energy: Target Price Downgrade Reflects Fundamentals (NASDAQ:ENPH)

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Enphase headquarters in Silicon Valley

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Introduction

I had a ‘Sell’ thesis for Enphase Energy (NASDAQ:ENPH) in March. The stock delivered a 3% gain in line with the S&P 500 since mid-March, making my thesis not look very good. On the other hand, the company continues



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