Enphase Stock Gets an Upgrade Because Solar Companies Are Upbeat About Demand

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Companies that install solar panels for homes are upbeat about demand, so Janney Montgomergy is more optimistic about the outlook for Enphase Energy a maker of batteries used in solar systems, among other gear.

Janney Montgomery Scott analyst Sean Milligan upgraded shares of Enphase (ticker: ENPH) to Buy from Neutral, saying he estimates the stock’s fair value is $282. The shares closed Friday at $198.96.