Analyst: Energy Stock Faces "Slower Pace of Growth"

Enphase Energy Inc (NASDAQ:ENPH) is slumping in pre-market trading, last seen 1.8% lower after a bear note from RBC Capital Markets. Citing a "slower pace of growth next year not reflected in current consensus estimates," the analyst in coverage downgraded the manufacturer of solar micro-inverters and electric vehicle (EV) charging station to "sector perform" from "outperform" and lowered its price target to $100 from $125. Heading into today, analyst sentiment was looking upbeat despite Enphase Energy stoc ...