29 Jul 2026 04:46:58 ET │ 16 pages Enphase Energy (ENPH.O) Result and Outlook Miss Expectations; Neutral CITI'S TAKE Ac t i o n | n Neutral / High Risk Price (28 Jul 26 16:00) US$36.32 Target price US$40.00↓ from US$43.00 Expected share price return 10.1% Expected dividend yield 0.0% Expected total return 10.1% Market Cap US$4,799M ENPH reported 2Q adjusted EPS of $0.46 missing both Citi and VA cons of $0.51 and $0.50, respectively. Core revenue guidance of $245mm in 3Q was slightly higher than our estimate ...