10 Best Climate Change Stocks to Buy Now

6. Enphase Energy, Inc. (NASDAQ:ENPH)

Number of Hedge Fund Holders: 39

Enphase Energy, Inc. (NASDAQ:ENPH) is a leading global energy technology company specializing in solar microinverters, energy storage systems, and EV charging solutions. Its products cater to residential and commercial markets, enabling users to harness and manage solar energy efficiently, which makes it one of the best climate change stocks to monitor.

In Q4 2024, Enphase Energy, Inc. (NASDAQ:ENPH) reported revenue of $382.7 million, surpassing analyst expectations, with adjusted earnings per share at 94 cents. The company projected first-quarter 2025 revenue between $340 million and $380 million.

Enphase Energy, Inc. (NASDAQ:ENPH) faced challenges, particularly in Europe, where revenue declined by approximately 25% due to weakening demand.

Enphase Energy, Inc. (NASDAQ:ENPH) launched its next-generation IQ EV Charger in March 2025, designed to optimize cost savings across various tariffs and integrate seamlessly with Enphase home energy systems. The company expanded its IQ Battery 5P solution for single-phase solar installations, enhancing its product offerings in the energy storage market.

Analysts’ opinions on Enphase are mixed. In February 2025, Truist downgraded the stock to ‘Hold,’ revising revenue and EBITDA estimates for the year and citing concerns over growth prospects. Conversely, some analysts maintain a positive outlook, highlighting the company’s strong market position and innovative product pipeline. The consensus among analysts suggests a cautious approach, with a median price target reflecting modest upside potential.