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Barclays recently upgraded Enphase Energy (ENPH), citing two primary catalysts: the firm’s emerging solid-state transformer business targeting data centers and the commencement of new IQ9S-3P Commercial Microinverter shipments in the U.S.
The bullish note arrives at a pivotal moment for Enphase stock, which is down about 27% versus its year-to-date high in the first week of June.
