Enphase expands EV charger shipments to more European markets

FREMONT - Enphase Energy, Inc. (NASDAQ:ENPH), a $5.6 billion market cap company with $1.4 billion in annual revenue, has expanded production shipments of its IQ EV Charger 2 to additional European countries including Greece, Romania, Ireland, and Poland, according to a press release statement issued Thursday. InvestingPro analysis indicates the company maintains strong financial health with a current ratio of 1.9, suggesting robust operational capability for this expansion.

The smart charger, which can operate with Enphase solar and battery systems or as a standalone device, has also received E.V. READY certification in France, one of the country’s highest quality standards. Additionally, the charger now integrates with France’s Linky meter to enable dynamic load balancing for standalone installations. This expansion comes as InvestingPro data shows Enphase’s net income is expected to grow this year, with analysts projecting profitability despite recent market challenges.

The IQ EV Charger 2 supports both single-phase and three-phase wiring with configurable power up to 32 A per phase and features automatic phase switching to enable charging with as little as 1.38 kW of solar production. The device includes AI-powered optimization using real-time rates and forecasts, dynamic load balancing, and a certified MID energy meter.

The charger is available in socketed and tethered variants with a Type-2 connector compatible with most European EVs. It features a 7.5-meter cable and is housed in an IP55-rated weatherproof enclosure suitable for indoor and outdoor installations.

"Our IQ EV Charger 2 is designed for performance, safety, and reliability, and is now officially certified to meet these key values," said Jayant Somani, senior vice president and general manager of the digital business unit at Enphase Energy.

Products activated in the newly added countries come with a five-year warranty and 24/7 customer support. The expansion follows Enphase’s initial launch of the IQ EV Charger 2 in 14 European markets in March 2025. According to InvestingPro’s Fair Value analysis, Enphase currently appears undervalued, with 14+ additional ProTips and comprehensive financial metrics available for subscribers looking to dive deeper into the company’s growth potential.

In other recent news, Enphase Energy has been navigating several significant developments. Goldman Sachs recently downgraded Enphase Energy from Buy to Sell, reducing its price target to $32.00 due to concerns about supply chain adjustments and longer-term prospects following changes in residential solar tax credits. Similarly, Jefferies lowered its price target for Enphase to $35.00, maintaining an Underperform rating due to concerns about the expiration of the 25D tax credit and its impact on residential solar installations. TD Cowen also downgraded Enphase Energy to Hold, citing the upcoming elimination of the 25D tax credit and its potential negative impact on U.S. residential solar demand.

In product news, Enphase Energy has begun shipping its IQ EV Charger 2 in Australia and New Zealand. This smart charger integrates with Enphase’s solar and battery systems, offering features like solar energy prioritization and dynamic load balancing. Meanwhile, Wells Fargo reported that Enphase’s market share in California’s inverter segment decreased to 30% as Tesla continued to gain ground. Despite these challenges, Enphase’s new battery product, the IQ 10C, is being rolled out with a competitive installation cost, potentially boosting its commercial sales in the coming quarters.

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