Enphase Jumps to 52-Week High as Tax-Credit Deadline Spurs Orders

Overview

• Enphase shares climbed about 32% this week to a new 52-week high near $52.95 after a double‑digit surge in one session.
• The company opened preorders for its IQ9S-3P microinverter so commercial buyers can safe‑harbor equipment before the July 4 cutoff that preserves a 30% federal tax credit.
• The IQ9S-3P is a GaN-based unit built for high‑wattage panels up to 770 watts and three‑phase power, and Enphase says it delivers up to 548 VA with a 97.5% efficiency rating.
• Order momentum was helped by a reported safe‑harbor sale worth about $52 million and by sector tailwinds from a pause in U.S.–China solar tariffs and strong results at peer Nextpower.
• Caution lingers as Enphase guides second‑quarter revenue to $280–$310 million with an expected $25 million undershipment and about $85 million from storage, while analysts stay split and AI data‑center hopes remain unconfirmed.