Enphase Energy (ENPH) Jumped This Week. Here is Why.

The share price of Enphase Energy, Inc. (NASDAQ:ENPH) surged by 18.2% between June 18 and June 26, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world’s leading supplier of micro-inverter-based solar and battery systems.

Enphase Energy, Inc. (NASDAQ:ENPH) plunged to a 5-year low earlier this month following a proposal by the Senate Finance Committee to speed up the elimination of tax credits for solar and wind energy industries. The rooftop solar industry got hit particularly hard, as the proposed legislation aimed to end the residential solar tax credit by the end of this year.

However, Enphase Energy, Inc. (NASDAQ:ENPH) rebounded this week following reports that Republicans on the Senate tax writing committee are adopting a more generous stance regarding the clean energy tax credits, and may even push back their expiration dates. According to Senator Kevin Cramer, the Senate is also working on adjustments to a residential solar energy incentive that had been eliminated in previous versions of the ‘One Big Beautiful Bill’.

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Disclosure: None.