10 Best Renewable Energy Stocks to Buy Now

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

Number of Hedge Fund Holders: 47

Enphase Energy, Inc. (NASDAQ:ENPH) is one of the best renewable energy stocks to buy now.

On March 3, 2026, Enphase Energy announced a new partnership with Capital Good Fund to expand deployments of its IQ microinverter products for small commercial and residential solar projects in the United States. The companies said the partnership is expected to support about 24 megawatts of projects across Georgia and Pennsylvania, with most of the volume tied to mission-aligned commercial installations.

Capital Good Fund, a nonprofit community development financial institution, operates the BRIGHT program, which offers low-cost solar power purchase agreements to nonprofits, houses of worship, affordable housing developments, municipal facilities, and small businesses, along with solar leases for low- and moderate-income homeowners. Enphase said the agreement deepens an existing relationship between the two organizations.

The company said the expanded deployment will include its IQ8P-3P and IQ9N-3P microinverters supplied from manufacturing facilities in the United States. Enphase also noted that it recently began production shipments of its IQ9 Commercial Microinverter in the U.S., describing it as its first microinverter built with gallium nitride technology and designed for three-phase 480Y/277 V grid configurations.

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company that develops semiconductor-based microinverter systems, battery storage, and related solar energy products and software.