Enphase Energy Shares Jump 8% to $52.31 After AI Data Center Push
ENPH•RBC Capital kept Enphase Energy at Sector Perform with a $49.25 valuation while Northland Capital highlighted an expected 8.5% rise to $778 monthly U.S. electricity bills. Shares jumped 8% to $52.31 after joining the Open Compute Project and its IQ Solid-State Transformer targets an 11 GW AI data center market.
1. Analyst Ratings
RBC Capital maintained a Sector Perform rating on Enphase Energy with a fair value of $49.25 while Northland Capital named the company a preferred pick, citing an 8.5% increase in U.S. summer electricity bills to $778 per month as a driver for higher home solar adoption.
2. AI Data Center Involvement
Enphase Energy joined the Open Compute Project Foundation as a Platinum member to help develop power standards for AI infrastructure, prompting an 8% share price jump to $52.31 on the membership announcement.
3. Growth Outlook
Enphase’s IQ Solid-State Transformer platform is aimed at an 11 GW U.S. AI data center market by the early 2030s, and these developments have contributed to over a 50% year-to-date stock appreciation.
