Enphase Energy Downgraded: Analyst Cites Competitive Pressures And Market Share Loss In Inverter Segment
Enphase Energy Downgraded: Analyst Cites Competitive Pressures And Market Share Loss In Inverter Segment
The analyst estimates that 6% of Enphase Energy's inverter installations in California are part of projects using Powerwall 2 batteries.RBC Capital Markets analyst Christopher Dendrinos downgraded Enphase Energy, Inc. (NASDAQ:ENPH) to Sector Perform from Outperform, lowering the price forecast to $100 from $125.
RBC資本市場分析師Christopher Dendrinos將Enphase Energy, Inc. (NASDAQ:ENPH) 的評級從Outperform降級到Sector Perform，並將價格預測從$125降至$100。
According to the analyst, competitive market dynamics may impact the company's prospects, leading to a slower growth rate next year that is not accounted for in current consensus estimates.
根據分析師的分析，競爭激烈的市場動態可能影響公司的前景，導致明年增長速度放緩，這在當前共識估計中沒有考慮到。
Dendrinos models 2025 revenue of $1.825 billion, which is 8% below consensus, and 2026 revenue of $2.05 billion, which is 13% below consensus.
Dendrinos預計2025年營業收入爲18.25億美元，比共識預期低8%，2026年營業收入爲20.5億美元，比共識預期低13%。
The analyst estimates that 6% of Enphase Energy's inverter installations in California are part of projects using Powerwall 2 batteries.
分析師估計，加利福尼亞州Enphase Energy的逆變器安裝中有6%參與使用Powerwall 2電池的項目。
If Tesla, Inc. successfully transitions customers to Powerwall 3, Enphase Energy could lose this inverter market share. While this trend is primarily observed in California, it still represents an incremental headwind for Enphase.
如果特斯拉公司成功將客戶轉向Powerwall 3，Enphase Energy可能會失去這部分逆變器市場份額。儘管這一趨勢主要在加利福尼亞州觀察到，但對Enphase仍然構成遞增的不利因素。
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Battery demand has exceeded expectations year-to-date, and the analyst sees continued growth next year with ongoing NEM 3 adoption.
電池需求已超出今年的預期，並且分析師預計明年繼續增長，繼續NEm 3採納。
However, that growth from current levels may start to slow, the analyst cautioned.
然而，從目前水平增長可能開始放緩，該分析師提醒道。
The demand this year can be attributed to NEM 3 adoption and market share gains in California, where Enphase Energy has successfully captured share with its IQ Battery 5P.
今年的需求可以歸因於NEm 3的採用以及在加利福尼亞市場份額的增長，Enphase Energy已成功通過其IQ 電池 5P贏得了市場份額。
Price Action: ENPH shares are trading lower by 8.79% to $92.55 at last check Tuesday.
價格走勢：ENPH股價下跌了8.79%，最後一次檢查時爲92.55美元，週二。
Photo via Shutterstock
圖片來自shutterstock。
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