New York, January 22, 2026, 15:37 (EST) — Regular session
- Enphase shares jumped roughly 13% in afternoon trading, boosting other solar stocks
- According to a report, Goldman Sachs upgraded Enphase to Buy and lifted its price target.
- Next up: Enphase’s earnings report and conference call on Feb. 3, right after the market closes
Enphase Energy (ENPH.O) shares jumped 12.6% to $40.51 Thursday afternoon, bouncing between $36.05 and $41.14 earlier in the session. SolarEdge Technologies (SEDG.O) climbed 5.4%, while Sunrun (RUN.O) added 8.2%. Enphase’s trading volume hit about 11 million shares.
The jump comes as analysts turn more positive on parts of the solar sector, with policy uncertainty fading and investors refocusing on demand and bookings. Goldman Sachs’ Brian Lee upgraded Enphase from Neutral to Buy, lifting his price target to $45 from $29. He cited stronger-than-expected Q4 volume and tight channel inventories. Lee also highlighted “safe harboring” moves, where developers or financiers accelerate qualifying spending to secure tax credits, alongside heightened year-end activity ahead of changes to the Section 25D residential solar credit. (Finviz)
Enphase entered the week battered, with its shares nearly 49% off the 52-week high of $70.78 hit on Feb. 19. The stock closed at $35.97 on Wednesday, ending a five-day slide. (MarketWatch)
The company announced it will release its fourth-quarter and full-year 2025 results on Feb. 3, followed by a conference call at 4:30 p.m. Eastern to discuss the numbers for the period ending Dec. 31. Investors will likely focus more on guidance and demand trends than the headline figures. (GlobeNewswire)
Options trading spiked sharply. Buyers snapped up 46,167 call options on Thursday, roughly 29% higher than usual volume, per MarketBeat; these calls let holders purchase shares at a fixed price before expiration. (MarketBeat)
Solar stocks have been tossed around by shifting tax-credit talks, installer demand swings, and rising financing costs. When borrowing costs climb, rooftop projects often stall, hitting hardware companies hard and fast.
Enphase sells microinverters—small devices that convert solar power from each panel—alongside batteries and other energy equipment. The company’s fate hinges on installer networks and homeowners’ readiness to sign contracts.
Thursday’s move narrows the margin for error. If the outlook on Feb. 3 is cautious or if pricing pressure starts to squeeze margins once more, the stock could slip back toward recent lows.
Peers climbing during the same session highlights the trend: traders are moving back into the sector as a whole, not just betting on a single stock. That can boost gains on up days but also amplify losses when the market dips.
