Enphase Energy Strengthens Battery Storage Footprint Globally

Enphase Energy, Inc. (ENPH) continues to make significant strides in the global battery storage market, building on its position as one of the leading providers of fully integrated solar-plus-storage solutions. In the second quarter of 2025, the company shipped 190.9 megawatt-hour (MWh) of IQ Batteries, reflecting an impressive 58.8% year-over-year growth. This robust performance highlights the strong demand for Enphase Energy’s battery products. Enphase Energy currently ships its third-generation IQ Battery 5P to a wide range of global markets, including the United States, Australia, New Zealand, Puerto Rico, Mexico, Canada, the United Kingdom, Italy, France, the Netherlands, Luxembourg, Belgium, Romania and India. The company recently broadened its European footprint by introducing the IQ Battery 5P with FlexPhase for customers in Germany, Austria, Switzerland, Luxembourg, Poland, Spain, Portugal, France, the Netherlands, Belgium, Sweden, Denmark, Greece, Croatia, Slovenia, Romania and Slovakia. Additionally, in August 2025, the company launched the IQ Battery 5P with FlexPhase for customers in Australia. In June, Enphase Energy began shipments of its fourth-generation IQ Battery systems in the United States, while simultaneously advancing its fifth-generation IQ Battery. The upcoming product is expected to deliver 50% higher energy density along with significant cost reductions, a move that could further enhance ENPH’s competitive edge in the fast-growing battery storage market.Peers Worth WatchingAs the global energy storage market expands rapidly, other clean energy players like Canadian Solar Inc. (CSIQ) and Sunrun Inc. (RUN) also stand to gain from this market’s growth momentum.CSIQ is making significant progress in the storage market with its e-STORAGE division. In April 2025, e-STORAGE signed a contract with Colbún, one of Chile's leading power generation companies, to supply a 228 MW/912 MWh Battery Energy Storage System (BESS) for the Diego de Almagro Sur project in Chile's Atacama Region.On the other hand, Sunrun is one of the largest residential solar energy companies in the United States, which also offers cutting-edge battery storage products. Impressively, in the second quarter of 2025, RUN’s storage attachment rate reached 70%, up from 54% in the prior-year period, indicating growing demand for its storage solutions.ENPH’s Price Performance, Valuation and EstimatesShares of ENPH have lost 69.3% in the past year compared with the industry’s 31.7% decline.Image Source: Zacks Investment ResearchThe company’s shares are trading at a premium on a relative basis, with its forward 12-month Price/Sales being 3.17X compared with its industry’s average of 1.23X.Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for ENPH’s near-term earnings has moved upward in the past 60 days.Image Source: Zacks Investment ResearchENPH stock currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.See our %%CTA_TEXT%% report – free today!7 Best Stocks for the Next 30 DaysWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report Enphase Energy, Inc. (ENPH): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks