On June 24, Enphase Energy rose 5.42% in regular trading, trading at $49.79/share, with turnover of $95.55 million.

On the news front, Barclays significantly upgraded Enphase Energy, raising its target price from $30 to $51 — a 70% increase — and upgrading the rating from Underweight to Equal Weight, signaling a notably more optimistic outlook on the company. This follows earlier target price increases from Jefferies, TD Cowen, and Goldman Sachs, with the highest target reaching $70.

At the company level, the GaN-based 548 VA IQ9S commercial microinverter has begun production shipments in the U.S., marking a key milestone in bringing high-efficiency commercial solar solutions to market. Additionally, Enphase plans to sell up to $150 million in advanced manufacturing production tax credits to bolster cash flow. Director Trivedi Shanker also purchased 4,551 shares on June 12, reinforcing insider confidence.

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