NasdaqGM:ENPHSemiconductor
Is KeyBanc’s ENPH Upgrade a Turning Point for Enphase Energy’s Cash-Flow-Driven Investment Narrative?
In early January 2026, Enphase Energy received an analyst upgrade from KeyBanc to Sector Weight, with the firm citing the company’s strong balance sheet, focus on cash generation, and progress in working down elevated channel inventories amid a still-challenging residential solar backdrop.
The upgrade suggests that many of the prior concerns around tax-credit expirations, market share pressures, and inventory overhang may now be largely reflected in expectations, shifting attention to...