Enphase Energy Expands US Presence as IQ EV Charger 2 Rolls Out

Enphase Energy, Inc. ENPH recently stated that it has started shipments of its next-generation electric vehicle (EV) charger, the IQ EV Charger 2, across the United States.

All activated units include a five-year warranty and 24/7 customer support, offering strong long-term reliability. The IQ EV Charger 2 delivers a modern charging solution for U.S. homeowners, giving them confidence in a future-ready technology built to meet evolving energy needs.

Notable Features of ENPH’s IQ EV Charger 2

The IQ EV Charger 2 features a sleek, modern black design that delivers a premium look, combining minimalist styling with rugged durability. It integrates seamlessly with Enphase solar and battery systems but can also function as a high-performance standalone charger.

The charger supports solar-aware charging, using excess solar production and adjusting in 1-amp increments to maximize clean-energy usage. It is UL-listed, compatible with nearly all major EV brands, and built with a durable, weather-resistant NEMA 4 enclosure for long-term outdoor use.

Robust Demand Lasts for ENPH’s EV Chargers

As businesses and consumers increasingly emphasize sustainability, the adoption of clean energy and electric vehicles continues to rise. This expansion fuels the demand for dependable, smart EV charging solutions, which are aided by government incentives and ongoing technological advancements that make charging more efficient and convenient.

Per a Fortune Business Insights report, the electric vehicle on-board charger market is expected to witness a CAGR of 18.6% during 2025-2032. This promising expansion trend should work in Enphase Energy’s favor, given its position as a prominent manufacturer of next-generation EV chargers.

Alongside its initial U.S. shipments, the IQ EV Charger 2 is now available in Canada, following its earlier launch in Europe, Australia and New Zealand. More global markets will be added in 2026.

Opportunities for Other Stocks

Other prominent players like SolarEdge Technologies SEDG, Canadian Solar Inc. CSIQ and Blink Charging BLNK are also expanding their footprint to reap the benefits of the growing electric vehicle charger market.

SolarEdge provides the Home EV Charger, a Level 2 unit that can function on its own or integrate with the SolarEdge Home Hub, enabling up to 25% faster charging powered entirely by low-cost solar energy.

The Zacks Consensus Estimate for 2025 revenues is pegged at $1.16 billion, which implies a rise of 25.4%. The Zacks Consensus Estimate for 2026 earnings per share (EPS) stands at 14 cents, which calls for a surge of 105.1%.

Canadian Solar’s EP Cube is a complete energy storage system for home applications that enables consumers to improve the efficiency of electricity for self-consumption by storing, regulating and utilizing power generated by their PV system. It offers flexible capacity options ranging from 6.6 kilowatt-hours (kWh) to 19.9 kWh and is compatible with most modern PV systems, microinverters and EV chargers.

The Zacks Consensus Estimate for 2025 revenues is pegged at $5.77 billion. The Zacks Consensus Estimate for its 2026 EPS stands at a loss of 72 cents, which calls for an improvement of 77.7%.

Blink Charging is a leading owner, operator, provider, and manufacturer of EV charging equipment and networked charging services in the rapidly expanding U.S. and international EV markets. The company has thousands of chargers deployed across the nation at locations such as airports, car dealerships and hotels.

The Zacks Consensus Estimate for 2025 revenues is pegged at $109.1 million. The Zacks Consensus Estimate for 2026 earnings is pegged at a loss of 30 cents, which calls for an improvement of 53.9%.

ENPH Stock Price Movement

In the past month, shares of Enphase Energy have declined 1.3% compared with the industry’s fall of 9.8%.

ENPH’s Zacks Rank

The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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