ENPH Stock Recent News

Shares of renewable energy companies are rising after a tax on solar and wind was removed from the Senate version of the One Big Beautiful Bill Act. The Senate narrowly passed the legislation Tuesday and will now be considered by the House of Representatives.

Shares of Sunrun, SolarEdge Technologies, Enphase Energy, and GE Vernova are gaining.

FREMONT, Calif., June 30, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced that its Board of Directors, excluding Thurman John (T.J.) Rodgers, unanimously voted to retain Mr. Rodgers as a member of the Board of Directors. The decision followed a recommendation of the Nominating and Corporate Governance Committee of the Board, also conducted without Mr. Rodgers' participation, in accordance with Enphase Energy's Corporate Governance Guidelines.

Wind and solar projects that enter service after 2027 and exceed certain thresholds for Chinese components could see higher taxes, boosting the industry's burden by an estimated $4 billion to $7 billion, the American Clean Power Association said. The spillover impact could be the loss of nearly 2 million jobs in the building trades, according to a construction industry group.

Renewable energy shares fell on Monday as US President Donald Trump's new bill cuts incentives and adds taxes for companies. In the bill, the US government will add a tax on solar and wind projects that use Chinese materials.

First Solar (FSLR) and Sunrun (RUN) traded higher while other solar stocks opened more mixed after the Senate version of the "big, beautiful bill." Diane King Hall dives deeper into what's driving the wide price action.

The Senate is voting on a version of President Donald Trump's spending legislation that would slam the solar and wind industries. The legislation is close to a worst case scenario for renewable energy, Morgan Stanley analyst Andrew Percoco told clients.

The Senate's tax-and-spending bill gives a boost to nuclear power stocks, but knocks down shares of solar companies.

The latest version also includes a surprise new tax on projects that use supplies from China, the world's biggest source of renewable energy equipment.

Solar stocks like Enphase have been hit by policy risks, high rates, and oversupply, but these headwinds may soon reverse. Enphase stands out with a strong balance sheet, attractive valuation, and technical signs of a potential price reversal. Policy reforms and eventual rate cuts could reignite investor interest in solar, making current lows an attractive entry point.