Updates
** Solar inverter maker Enphase Energy ENPH.O forecast Q1 revenue above market estimates on Tuesday, after robust demand helped it post a better-than-expected Q4 operating profit
** Fifteen of 39 brokerages rate the stock "buy" or higher, 21 "hold" and 3 "sell" or lower; their median PT is $81 - data compiled by LSEG
** ENPH shares up 1.4% at $67.71 on Wednesday
CHOPPY DEMAND DESPITE 4Q24 BEAT
** Morgan Stanley ("Equal-Weight") cuts PT to $67 from $68, says demand appears shaky at best, with management highlighting a "stable" U.S. market and a mixed Europe market
** Brokerage says "tariff uncertainty could raise the hurdle for additional Fed cuts, which is a key catalyst for stronger demand in the U.S."
** BMO ("Market Perform") cuts PT to $66 from $69, says that demand remains weaker than expected and implies estimates likely need to come down again
** Jefferies ("Underperform") cuts PT to $54 from $57, says that while the U.S. market continues a slow but steady recovery, the EU market is expected to be weak through 2025
** TD Cowen cuts PT to $94 from $100, RBC cuts PT to $63 from $71
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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