Enphase Energy rebounds as Roth Capital says 301 tariffs do not apply

|About: Enphase Energy Inc. (ENPH)|By:, SA News Editor

Enphase Energy (ENPH +3.5%) should be bought after shares sold off as much as 16% at one point yesterday due in part to the misunderstanding of a standard procedure, Roth Capital says.

The firm says the 301 product list subjected to 25% tariffs does not include inverters or ENPH, and the company also shed its going concern statement in the recent 2017 10-K.

Roth reiterates its Buy rating and $5.50 price target on the shares.

Subscribe for full text news in your inbox