Enphase Energy stock jumped 14% on Thursday, up 26% for the week, driven by solid‑state transformer prospects for AI data centers.
Goldman Sachs analyst Brian Lee highlighted Nvidia’s 800V DC roadmap and estimated a 10 GW market by 2030, worth up to $5 billion.
Enphase plans pilot programs in 2027 with shipments in 2028, and Goldman projects 2030 revenue of $110‑$910 million and EPS $0.21‑$1.75.
Goldman kept a Buy rating, raising the 12‑month target to $57 from $51, using a 22.5× P/E and $5 cash per share.