Aug. 4 at 3:17 PM
$ENPH
1. Residential solar recovers AND grows – not just back to 2022 levels, but beyond, driven by electrification and any new incentives following 25D
2. Storage/batteries become big – battery attach rates rise significantly, and Enphase captures global market share
3. AI infrastructure delivers for real – the IQ solid-state transformer moves from pilot (2027) to commercial (2028) and takes a meaningful share of the multi-billion datacenter power market from Eaton, Schneider, ABB, Vertiv. That alone would need to become a billion-dollar business.
4. EV charging contributes – a fourth leg that scales
5. Geographic expansion – Europe and new markets grow substantially