10 Best Environmental Stocks To Invest In Right Now

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

Number of Hedge Fund Investors: 38

Enphase Energy, Inc. (NASDAQ:ENPH) is a global leader in energy technology, renowned for its solar microinverter systems that convert solar power into usable electricity. The company also offers energy storage solutions and monitoring software tailored for both residential and commercial solar installations. Enphase Energy, Inc. (NASDAQ:ENPH) generates revenue through a combination of product sales and subscription-based services.

The company is actively expanding its product portfolio to meet a wider array of market demands. Enphase has introduced the IQ9 microinverter, utilizing Gallium Nitride (GaN) technology, which supports higher DC input currents and elevated AC grid voltages, making it ideal for small commercial applications. Scheduled for launch in the second half of 2025, this product line aims to address evolving market needs and strengthen the company’s foothold in the commercial sector. Additionally, the company is rolling out its fourth-generation battery system, designed to minimize installation costs and wall space, enhancing its competitiveness in both grid-tied and backup energy solutions. Enphase Energy, Inc. (NASDAQ:ENPH) is also broadening its presence in key international markets, including Japan, India, and Brazil, with product offerings tailored to local regulations and market requirements.

In the United States, Enphase Energy, Inc. (NASDAQ:ENPH) is capitalizing on the opportunities provided by the Inflation Reduction Act (IRA) to solidify its market position. The company is launching higher domestic content SKUs for its IQ8HC microinverters and IQ8P three-phase microinverters, enabling commercial asset owners to qualify for a 10% domestic content Investment Tax Credit (ITC). This strategic initiative is expected to boost demand and enhance the competitiveness of the company’s products in the US market.