On June 30, Enphase Energy rose 11.13% in regular trading, trading at $50.032/share, with turnover of $85.15 million, as the broader solar sector posted widespread gains.

On the news front, Enphase Energy officially joined the Open Compute Project as a Platinum member, aiming to collaborate with industry partners to advance the development and innovation of power standards for AI data centers. The move signals the company's strategic push into the high-growth AI infrastructure space beyond its core solar business.

The rally was further supported by recent product momentum. The company recently commenced shipments of its GaN-based 548 VA IQ9S commercial microinverter series in the United States, marking a key milestone in deploying advanced gallium nitride semiconductor technology to improve efficiency and power density for commercial solar applications. Additionally, Barclays upgraded Enphase from Underweight to Equal Weight, raising its price target from $30 to $51, while Jefferies maintained a Buy rating and lifted its target to $64.

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