S&P 500 Erases Losses as US, Iran Reportedly Discuss Hormuz Deal: Stock Market Today
Stocks pared a sharp morning selloff after sources said US and Iranian negotiators are discussing a phased deal to reopen the Strait of Hormuz.
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Goldman Sachs Maintains Buy on Enphase Energy, Lowers Price Target to $47
Goldman Sachs analyst Brian Lee maintains Enphase Energy (NASDAQ:ENPH) with a Buy and lowers the price target from $55 to $47.
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Enphase Energy shares are trading higher after the company announced that power modules for its IQ Solid-State Transformer are now being built in the U.S. to assemble and validate full-scale IQ SST racks.
Enphase Energy Announces U.S. Production Of IQ Solid-State Transformer Power Modules In Arlington, Texas, For AI Data Center Racks Up To 5 MW; Expects Full-System Demonstrations In November 2026, Customer Pilots In 2027