Enphase Energy (ENPH) Upgraded to ‘Neutral’, Price Target Raised by $6

The share price of Enphase Energy, Inc. (NASDAQ:ENPH) surged by 12.81% between January 16 and January 23, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Enphase Energy (ENPH) Upgraded to 'Neutral', Price Target Raised by $6

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy management technology company that provides residential and commercial solar plus storage solutions.

On January 22, Citi analyst Vikram Bagri upgraded Enphase Energy, Inc. (NASDAQ:ENPH) from ‘Sell’ to ‘Neutral’, while also raising the stock’s price target from $31 to $37. The analyst sees limited downside risk for the company and noted that its risks are more skewed to the upside at current share levels. Moreover, Mr. Bagri highlighted ENPH’s stabilized market share in California, which could increase with the new competitively priced storage launch vs. Powerwall. The analyst added that the unloved stock is ‘ranking as the least crowded long and most crowded short in its coverage, which could amplify any positive developments’.

Similarly, on January 20, Goldman Sachs upgraded Enphase Energy, Inc. (NASDAQ:ENPH) from ‘Neutral’ to ‘Buy’, increasing its price target from $29 to $45, indicating an upside of 14% from the current share price. The analyst believes that recent safe-harbor activity should drive the company’s Q1 2026 results above current consensus estimates. Moreover, the company likely benefited from the stronger-than-expected volume demand in Q4 2025, amid market share gains and strong year-end follow-through from the cash and loan customer end market ahead of the 25D tax credit expiration. Goldman believes that Enphase is poised to enter 2026 with momentum and lean channel inventories.

While we acknowledge the potential of ENPH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENPH and that has a 100x upside potential, check out our report about the cheapest AI stock.

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