Enphase Energy Inc. (ENPH) is considered one of the best EV charging stocks to buy now, with a consensus Hold rating from 21 analysts and an average 12 month price target of $37.91, suggesting a 32.65% upside from the recent close at $28.58.

Enphase Energy recently announced a $68 million safe harbor agreement with a solar and battery financing partner, securing access to federal tax credits and domestic content requirements. Analyst sentiment remains cautious despite this progress.

BMO Capital’s Ameet Thakkar reiterated a Sell rating on Enphase Energy with a $31 target, citing competition from Tesla and regulatory changes impacting the US residential market. Growth is not expected until fiscal 2026 despite international expansion efforts.

Enphase Energy is a leading energy technology company known for its solar micro-inverters and residential energy solutions. The company has expanded into EV infrastructure with its IQ EV Charger and recently unveiled the IQ Bidirectional EV Charger for vehicle-to-home and vehicle-to-grid capabilities.

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Read more at Yahoo Finance: Enphase Energy (ENPH) Outlook Gains Attention Amid Mixed Analyst Views