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Goldman Sachs raises Enphase Energy price target to $57, citing strong residential solar demand and sector momentum.

Analyst Insights
20 May 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Goldman Sachs increased its price target for Enphase Energy from $51 to $57 while maintaining a Buy rating, reflecting growing confidence in the residential solar sector. This upgrade follows strong U.S. demand and solid company fundamentals, including a 21% sequential rise in Q4 2025 sell-through demand and earnings beating estimates. Enphase's leadership in microinverters, expanding battery storage, and U.S. manufacturing benefits from tax credits, supporting its growth outlook. Despite risks like tariffs and competition, the upgrade signals optimism for Enphase as a key player in the clean energy recovery trade for 2026.

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