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Enphase Energy price target raised to $103 from $101 at Oppenheimer

Oppenheimer raised the firm’s price target on Enphase Energy (ENPH) to $103 from $101 and keeps an Outperform rating on the shares. Despite a mixed backdrop and policy uncertainty, Enphase posted Q4 results and guidance ahead of the Street with the support of safe harboring activity. The firm is encouraged by strong margin performance aided by energy storage cost management and ongoing progress with its product development.

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