Enphase to Build AI Data Center Power Modules in U.S., Tapping $5B+ Market
ENPH sits 55% above its 52-week low of $25.775.
Summary
Enphase is doubling down on U.S. manufacturing, announcing plans to produce its upcoming IQ Solid-State Transformer (IQ SST) platform domestically. The GaN-based modules convert medium-voltage AC directly to 800V DC for AI data centers—a market where a single 1 GW facility could need ~250,000 units. With 89.4 million microinverters shipped cumulatively, Enphase has the scaled manufacturing experience to execute. This follows the $139.5M tax credit sale in June and Q2 results showing 60% gross margins, giving them cash to fund the expansion. The move aligns with national security priorities around inverter supply chains and could open a new revenue stream beyond solar. Watch for initial IQ SST orders or partnerships with data center operators.
At the time of this announcement, ENPH was trading at $40.01 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $25.78 to $73.74. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.