Quick Read – Enphase Energy (ENPH) and SolarEdge Technologies (SEDG) shares both gained 8% after Enphase joined the Open Compute Project, pitching its IQ Solid-State Transformer for AI data center power. – SolarEdge posted 42% revenue growth but trades at 200x forward P/E with…
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Solar names are surging in early trading on Tuesday as an AI data center power narrative grips the sector. Enphase Energy (NASDAQ:ENPH) stock is up 8% to $52.31, while SolarEdge Technologies (NASDAQ:SEDG) stock is up 8% to $59.81. The catalyst is a fresh Enphase announcement tying its distributed power electronics work to the booming AI infrastructure build-out.
SolarEdge is riding the same theme without a company-specific trigger. Both stocks are bouncing off a rough recent stretch. Enphase shares closed yesterday at $48.34, and SolarEdge closed at $55.36.