Movement Alert｜Enphase Energy Rises 5.73% in Regular Trading, TD Cowen Doubles Target Price to $70

Market Focus05-29

On May 29, Enphase Energy rose 5.73% in regular trading, trading at $72.93/share, with trading volume of approximately $63.26 million, extending its recent strong rebound trajectory.

On the news front, TD Cowen significantly raised its target price for Enphase Energy from $35 to $70, representing a 100% upward revision. This dramatic upgrade directly boosted market confidence and drove the stock higher during the session. The move follows Goldman Sachs' earlier action on May 22, when the firm maintained a Buy rating and raised its target from $51 to $57, estimating the company's revenue potential could reach up to $910 million, with 2030 EPS accretion ranging from $0.21 to $1.75.

The successive upgrades from major Wall Street institutions reflect growing optimism around Enphase's strategic pivot into AI data center energy storage. The company has recently launched a series of new products including the IQ SST solid-state transformer and PowerMatch battery energy-saving technology, successfully entering the high-growth distributed energy market for AI data centers and opening new avenues for future revenue expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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