Enphase Energy (NASDAQ:ENPH) is one of the 15 AI Stocks ***** ysts Are Watching: Microsoft, Nvidia, and More.
The data center power market holds significant opportunity, and Enphase Energy is one name that could benefit from it. On June 18, Barclays ***** yst Christine Cho upgraded the stock from Underweight to Equal weight with a price target of $51.00 (from $30).
In particular, Barclays upgrade reflects opportunity for Enphase in solid-state transformers, or SSTs. The firm estimates that this could represent an estimated $2 billion annual US market by the late 2020s.
The investor note pointed out that hyperscalers are migrating to 800-volt direct-current power architectures to support denser server racks. This could make SSTs a core component of the power system and replace or displace traditional transformers.
Unlike legacy hardware, SSTs resemble inverters in functionality – leveraging active power conversion and control – which plays directly to ENPH's technical strengths.
The data center power market holds significant opportunity, and Enphase Energy is one name that could benefit from it. On June 18, Barclays ***** yst Christine Cho upgraded the stock from Underweight to Equal weight with a price target of $51.00 (from $30).
In particular, Barclays upgrade reflects opportunity for Enphase in solid-state transformers, or SSTs. The firm estimates that this could represent an estimated $2 billion annual US market by the late 2020s.
The investor note pointed out that hyperscalers are migrating to 800-volt direct-current power architectures to support denser server racks. This could make SSTs a core component of the power system and replace or displace traditional transformers.
Unlike legacy hardware, SSTs resemble inverters in functionality – leveraging active power conversion and control – which plays directly to ENPH's technical strengths.
2 days ago
