Goldman Sachs Solar and Green Energy Stocks: Top 10 Stock Picks

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

Goldman Sachs’ Stake Value: $50.44 million 

On March 16, 2026, Enphase Energy, Inc. (NASDAQ:ENPH) announced a joint venture with Ensol to increase IQ Battery deployments in France through a subscription model starting at €30 per month. Ensol installs and administers IQ Battery 5P systems, including monitoring, maintenance, and a 15-year guarantee, with choices to continue, purchase, or quit after the third year. Ensol aggregates enrolled systems into a virtual power plant that participates in demand response programs through RTE, cutting homeowner costs. The company is also planning to hold hundreds of battery adoption events in France and the Netherlands in 2026.

Enphase Energy, Inc. (NASDAQ:ENPH)’s first-quarter revenue guidance for 2026 ranges from $270.0 million to $300.0 million. It includes $35.0 million in safe harbor shipments and 100-120 MWh of battery shipments, with a GAAP gross margin of 40.0% to 43.0% and a non-GAAP gross margin of 42.0% to 45.0%, including tariffs.

As of March 16, 2026, the stock is up by 35.97% YTD.

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology firm. It designs, develops, manufactures, and sells home energy solutions that integrate energy generation, storage, control, and communication on a single intelligent platform.

While we acknowledge the potential of NEE to grow, 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 NEE and that has 100x upside potential, check out our report about the cheapest AI stock.

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