Enphase Energy Shares Jump 6.7% After Barclays Raises Target to $51 and New Microinverter Shipments
ENPH•Enphase Energy shares rose 6.7% premarket after Barclays upgraded the stock to Equalweight and raised its price target from $30 to $51. The company also began production shipments of its IQ9S-3P commercial microinverter, featuring GaN technology, 770W module support and 97.5% efficiency.
1. Barclays Upgrade and Price Target Increase
Barclays upgraded Enphase Energy from Underweight to Equalweight and raised its price target to $51 from $30, citing the company’s emerging solid-state transformer business as a significant growth driver and potential $2 billion U.S. market by the decade’s end.
2. IQ9S-3P Commercial Microinverter Shipments
Enphase has commenced U.S. production shipments of its IQ9S-3P commercial microinverter, which uses gallium nitride technology to support solar modules up to 770 watts, connects to three-phase 480Y/277V grids, delivers 548 VA continuous output and achieves 97.5% efficiency.
3. Solid-State Transformer Opportunity
The analyst highlights Enphase’s SST initiative as a credible entry into data center power stacks, with AI-driven hyperscalers migrating to 800V DC architectures expected to drive demand for active power conversion solutions between 2028 and 2029.
4. Stock Price Reaction
Following the Barclays upgrade and product rollout news, Enphase shares surged 6.7% in premarket trading, reflecting renewed investor optimism in both its solar inverter pipeline and expansion into data center power management.
