Morgan Stanley Predicts Limited Near-Term Earnings Growth for Enphase Energy

In a report published Wednesday, Morgan Stanley analyst Timothy Radcliff reiterated an Equal-Weight rating and $6.00 price target on Enphase Energy (NASDAQ: ENPH ). In the report, Morgan Stanley noted, “4Q13 results above expectations. Management reached break-even non-GAAP operating income for the first time in company history, and generated cash