Enphase Energy, Inc. (NASDAQ:ENPH) is one of the best solar stocks to buy now. On February 25, analysts at Jefferies upgraded Enphase Energy, Inc. (NASDAQ:ENPH) to a Buy from a Hold and raised the price target to $57 from $42.
The upgrade is in response to what the research firm believes is improving visibility across demand product launches and margin expansion. The solar technology company is expected to gain momentum in storage as it launches its fifth-generation product in the second half of 2026.
In return, margins are expected to ramp to the corporate average at a minimum. Enphase has already started ramping up its IQ9 platform for commercial and industrial applications, as it also sets its sights on residential.
Enphase has also inked a strategic collaboration with Capital Good Fund to support 24 megawatts of small commercial and residential solar projects in Georgia and Pennsylvania. The agreements are to expand the deployment of the company’s IQ8P-3P and IQ9N-3P microinverters manufactured in the United States.
“Small commercial and residential projects demand technology that performs reliably for decades, and Enphase delivers,” said Ken Fong, senior vice president of sales at Enphase Energy. “Our microinverter systems are designed to support long-term reliability, panel-level visibility, and strong operational performance for asset owners and TPO providers like Capital Good Fund.”
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Enphase Energy, Inc. (NASDAQ:ENPH) is an energy technology company that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.
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