Why These Energy Stocks are Gaining This Week

5. Enphase Energy, Inc. (NASDAQ:ENPH

Share Price Gains Between Jan. 16 – Jan. 23: 12.81%

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.