From Yahoo Finance: 2025-05-29 01:06:00

Enphase Energy, Inc. (NASDAQ:ENPH) saw its share price drop by 17.99% between May 20 and May 27, making it one of the Energy Stocks that Lost the Most This Week. The decline was driven by negative investor reaction to the House of Representatives passing a bill that removes clean energy credits, impacting the rooftop solar industry.

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company specializing in micro-inverter-based solar and battery systems. With over 80 million microinverters shipped and 4.7 million systems deployed worldwide, the company is a leader in the industry.

The stock of Enphase Energy, Inc. (NASDAQ:ENPH) faced additional pressure after being downgraded by BMO Capital from Market Perform to Underperform, with a lowered price target of $39. The move contributed to the decline in share price following the negative news from the House of Representatives.

Despite the recent challenges, Enphase Energy (ENPH) still holds growth potential. However, some believe that other AI stocks offer greater promise for higher returns with limited downside risk. Investors looking for alternatives to ENPH may want to explore other AI stocks with significant upside potential.

For more insights on energy stocks, check out articles on 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds. Remember to conduct thorough research before making investment decisions in the energy sector.

Read more: Here is Why Enphase Energy (ENPH) Crashed This Week