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LAS VEGAS - Enphase Energy, Inc. (NASDAQ:ENPH), a $5 billion market cap clean energy technology company, announced today it has begun accepting US pre-orders for its IQ EV Charger 2, with shipments expected to start by November 2025. The announcement comes as the company’s stock trades at $37.94, showing recent momentum with a positive return over the last month, according to InvestingPro data.
The new smart charger can function as a standalone unit or integrate with Enphase solar and battery systems. It offers up to 19.2 kW of power at 240V for residential applications and up to 22.1 kW at 277V for commercial settings using a NACS connector.
According to the company, the device includes solar-optimized charging that checks for available surplus solar power every 30 seconds and adjusts charging rates in 1 ampere increments. It also features RFID access control and UL 3141 certified dynamic load balancing.
"The IQ EV Charger 2 gives homeowners a smarter, more flexible way to manage EV charging," said Jayant Somani, senior vice president at Enphase Energy, in a press release statement.
The charger is equipped with ISO 15118-20 compliant hardware and software, which the company states prepares it for future AC bidirectional charging capabilities, potentially enabling vehicle-to-home and vehicle-to-grid integration when compatible with EVs and regional certifications.
The device comes with a UL-certified enclosure designed for various weather conditions and includes a five-year limited warranty with 24/7 customer support.
Enphase previously launched the IQ EV Charger 2 in 14 European countries, Australia, and New Zealand earlier this year. The company is currently showcasing the product at the RE+ 2025 event in Las Vegas, which runs through September 11.
In other recent news, Enphase Energy has been active with several significant developments. The company announced the launch of its new IQ Bidirectional EV Charger, which offers vehicle-to-home and vehicle-to-grid capabilities, allowing electric vehicles to charge, power homes during outages, and share energy with the grid. Additionally, Enphase has started accepting pre-orders in the U.S. for its IQ9N-3P Commercial Microinverter, which is powered by gallium nitride technology and offers 97.5% efficiency.
In terms of production, Enphase has begun U.S. shipments of its IQ Battery 10C, which includes domestically sourced components to qualify for federal tax credits under the domestic content bonus provisions. This move aligns with anticipated future thresholds for U.S.-sourced materials. Meanwhile, Jefferies has upgraded Enphase Energy’s stock rating from Underperform to Hold, influenced by positive Treasury guidance for residential solar. The broader solar sector, including U.S. solar stocks, is seeing a boost due to China’s efforts to stabilize prices, which is positively impacting companies across the solar supply chain.
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