Enphase Energy Stock Surges on European Expansion and Analyst Optimism
Enphase Energy (ENPH) shares rallied more than 9% this week, buoyed by strategic European expansion and bullish analyst sentiment. The solar components maker announced enhanced support for VIRTUAL power plants across Germany and the UK, enabling smart grid features like real-time data streaming and EV charger integration.
BMO Capital and J.P. Morgan analysts raised price targets despite maintaining cautious ratings, reflecting growing confidence in Enphase's international growth trajectory. The stock's performance outpaced broader solar sector volatility as renewable energy demand accelerates in key European markets.