10 High Growth Lithium Stocks to Invest In

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

5-Year Revenue CAGR: 28.56%

Average Price Target Upside: 28.12%

Number of Hedge Fund Holders: 42

Enphase Energy, Inc. (NASDAQ:ENPH) is a key player in energy technology, known for its solar micro-inverters that convert DC from solar panels into AC for homes and the grid. The company is improving its product lineup with the third-generation IQ battery, offering a 15-year warranty, and has plans for a fourth-generation battery that improves efficiency and cost structure. It is also expanding U.S. production to meet domestic demand and increasing its global presence, especially in Europe and North America.

In September, Enphase (NASDAQ:ENPH) launched its most powerful system in India, which features the scalable IQ Battery 5P and IQ8 Microinverters. The system uses advanced lithium iron phosphate technology, which improves reliability by providing continuous and peak power during frequent outages.

It can also restart using sunlight, making it highly efficient in regions with unstable grids. The lithium-based technology ensures a longer lifespan and safer energy storage compared to traditional batteries. The system is designed to run essential appliances during power failures, reinforcing the company’s focus on durable, high-performance energy solutions for international markets.

Enphase (NASDAQ:ENPH) has been covered by 40 analysts with an average price target of $130. The average price target represents a 28.12% upside to the company’s stock, as of October 14. It ranks at 2 on our list of high-growth lithium stocks.