12 Best Renewable Energy Stocks to Buy in 2025

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

No. of Hedge Fund Holders: 39

Enphase Energy, Inc. (NASDAQ:ENPH) is one of the largest global energy technology companies famous for solar microinverter systems. It also offers energy storage solutions and monitoring software designed for residential and commercial solar installations. The company’s systems have been deployed in over 160 countries, and it has shipped nearly 80 million microinverters around the world.

Enphase Energy, Inc. (NASDAQ:ENPH) is expanding its European presence. Recently, the company launched its most powerful battery system in Poland. Enphase’s IQ Battery 5P with FlexPhase is an energy system with a storage capacity of 5 kWh and can be configured up to 70 kWh. This battery system can support diverse home energy needs. The company earlier launched FlexPhase batteries in Germany, Austria, Switzerland, and Luxembourg. These launches were followed by Enphase’s announcement of production shipments of its latest EV charger, the IQ EV Charger 2, in 14 European markets last month.

On April 3, Sean Milligan from Jefferies downgraded the price target on ENPH shares from $54 to $44 and kept an Underperform rating on the stock. Whereas, Wells Fargo maintained an Overweight rating on ENPH with a price target of $75 per share. The analysts share mixed views on Enphase due to the U.S.’s strict policy on the renewable industry, while the company’s growing presence in Europe creates hope for growth.