JPMorgan Downgrades Enphase Energy (ENPH) Stock to Neutral

Enphase Energy, Inc. (NASDAQ:ENPH) is one of the Best Beaten Down Stocks to Buy Now. JPMorgan downgraded the company’s stock to “Neutral” from “Overweight” with a price objective of $37, down from the prior target of $64, as reported by The Fly. The firm has updated its US residential solar growth assumptions in an effort to reflect the impact of the One Big Beautiful Bill. The firm noted expected share loss and margin pressure, as the industry is shifting towards third-party owned systems, which led to the downgrade of Enphase Energy, Inc. (NASDAQ:ENPH)’s stock.

However, the company has a strong US manufacturing presence as it shipped ~1.21 million microinverters and 44.1 MWh of IQ Batteries in Q1 2025. Enphase Energy, Inc. (NASDAQ:ENPH)’s total revenue came in at $356.1 million as compared to $382.7 million in Q4 2024. Furthermore, Enphase Energy, Inc. (NASDAQ:ENPH) announced that production shipments of its newest EV charger, the IQ® EV Charger 2, have been expanded throughout Europe to now include Greece, Romania, Ireland, and Poland. To give a brief overview, the IQ EV Charger 2 is a smart charger that has been designed to work seamlessly with Enphase solar and battery systems or as a powerful standalone charger.

While we acknowledge the potential of ENPH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.