On June 2, Enphase Energy rose 5.29% in regular trading, trading at $66.905/share, with trading volume of approximately $69.23 million, extending its recent strong rebound trajectory.

On the news front, TD Cowen recently raised its target price for Enphase Energy from $35 to $70, representing a 100% increase that directly boosted market confidence. Previously, Goldman Sachs also published a research report maintaining a Buy rating and raising its target price from $51 to $57, estimating the company's revenue potential could reach up to $910 million. The consecutive bullish calls from two major investment banks provided strong support for the stock price.

The company has recently launched a series of new products including the IQ SST solid-state transformer and PowerMatch battery energy-saving technology, successfully entering the AI data center energy storage segment — an emerging high-growth market — opening new growth opportunities for future performance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)