9 Best EV Charging Stocks to Buy Now

7. Enphase Energy Inc. (NASDAQ:ENPH)

Stock Upside Potential: 32.65%

Number of Hedge Fund Holders: 44

Enphase Energy Inc. (NASDAQ:ENPH) is one of the best EV charging stocks to buy now. Enphase Energy Inc holds a consensus Hold rating from 21 analysts, made up of 6 Buys, 8 Holds, and 7 Sells. The average 12 month price target is $37.91 with estimates ranging from $23.49 to $67.00, which suggests a 32.65% upside from the recent close at $28.58.

On November 20 the company announced a $68 million safe harbor agreement with a solar and battery financing partner, its third agreement of this kind since the US budget bill was approved in July 2025. The deal covers IQ9 Microinverters and secures access to federal tax credits while meeting domestic content requirements, with shipments set to start in Q1 2026. Enphase expects more agreements with the same partner and believes others may follow. Even with this progress, analyst sentiment remains cautious.

BMO Capital’s Ameet Thakkar reiterated a Sell rating on November 14 with a $31 target, pointing to shrinking US residential market share due to competition from Tesla, changes under NEM 3.0, and the phase out of the 25D credit. Although Enphase is expanding internationally and strengthening its product lineup, many expect a slow recovery with more meaningful growth not likely until fiscal 2026.

Enphase Energy, Inc. (NASDAQ:ENPH) is a leading energy technology company known for its solar micro-inverters and residential energy solutions, including storage and EV charging. With millions of products shipped across 140+ countries, Enphase has expanded into EV infrastructure through its IQ EV Charger, which offers smart, internet-connected charging with real-time monitoring and optimized schedules for efficiency. The company recently unveiled its IQ Bidirectional EV Charger, enabling vehicle-to-home and vehicle-to-grid capabilities, further strengthening its role in clean energy innovation.