Enphase Energy, Inc. (NASDAQ:ENPH) is included in our list of the 10 Cheap Lithium Stocks to Buy According to Hedge Funds.
An assembly line of lithium-ion batteries for energy storage solutions with workers in the background.
While the second-quarter performance of Enphase Energy, Inc. (NASDAQ:ENPH) showed steady growth, the company’s forward-looking momentum gained analysts’ attention. The company reported financial results for Q2 2025 on July 22, 2025.
The company continued its growth in energy resilience and smart home integration with $363.2 million in revenue, 1.53 million microinverters shipped, and record IQ Battery volumes in the second quarter. Although Q2 guidance remains soft, Wells Fargo, on July 24, 2025, increased its price target on ENPH from $42 to $45, citing improved clarity for 2026 and long-term growth potential.
Digging deeper into the company’s Q2 performance, Enphase Energy, Inc. (NASDAQ:ENPH) expanded its global footprint. Its IQ EV chargers reached more European markets, and balcony solar kits were launched in Belgium and Germany. Furthermore, by securing tax incentives under the Inflation Reduction Act, the company progressed well with its U.S. manufacturing. With 2026 expected to be a critical year for the company, it is included in our list of cheap lithium stocks.
Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company, supplying microinverter-based solar and battery systems. It is included in our list of cheap lithium stocks.
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