ENPH Stock: Wall Street Turns Cautious After Q1 Print — Why Is Retail Still Bullish?

• Barclays analyst Christine Cho lowered the price target on Enphase Energy to $30 from $31 and kept an ‘Underweight’ rating on the shares after its Q1 results.
• Evercore ISI analyst Nicholas Amicucci lowered the firm's price target on Enphase Energy to $37 from $43 and kept an ‘In Line’ rating on the shares.
• Meanwhile, retail messages on Stocktwits about the stock have surged by 314% over the past 24 hours.

Enphase Energy Inc. (ENPH) is gaining traction on Wall Street as well as Main Street, a week after reporting quarterly results and announcing the development of IQ Solid-State Transformer (SST), a distributed solid-state transformer platform for AI data centers.

Retail chatter around the stock shot up 314% in the past 24 hours, Stocktwits data shows. Meanwhile, ENPH stock also received a series of price target cuts on Monday.

Wall Street Consensus

Barclays analyst Christine Cho lowered the price target on Enphase Energy to $30 from $31 and kept an ‘Underweight’ rating on the shares after its first-quarter results, indicating a downside potential of about 7.8% compared to its last close.

The analyst said that it had lowered its annual topline forecast by about 2% for fiscal year 2026, about 2.5% for FY27, and about 4% in FY28, largely due to lower expected microinverter shipments in both the U.S. and the rest of the world.

Meanwhile, Evercore ISI analyst Nicholas Amicucci lowered the firm's price target on Enphase Energy to $37 from $43 and kept an ‘In Line’ rating on the shares.

Wall Street analysts have a 12-month average price target of $40.41 on the company’s shares, according to data from Koyfin. This represents an upside potential of about 24% from the last close.

Retail Stance On ENPH Stock

On Stocktwits, retail sentiment around ENPH stock has stayed in the ‘extremely bullish’ territory over the past week after its earnings results.

One bullish user said, “I have read some more about the data center product of Enphase. It seems to be the perfect product for small and medium size data centers while Solaredges solution is better for the large data centers. If Enphase nails this, their share price could be $500 in 2028.”

Another bullish user listed factors that could work in the company’s favor. “Weaker dollar, lower rates, international sales and us rebound are coming …keeping it in my portfolio,” they said.

A third user called the stock “a great buy here for long term” while also predicting a price surge to more than $100. ENPH stock closed at $32.54 on Monday.

ENPH stock has declined about 3.6% so far in 2026.

For updates and corrections, email newsroom[at]stocktwits[dot]com.