Enphase Energy Inc

ENPH: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Treasury Guidance Is Broadly Consistent With Our Expectations in Solar, but Better Than Feared

Brett Castelli

Aug 18, 2025

On Aug. 15, the US Treasury released highly awaited new guidance on beginning construction requirements for renewable energy projects to qualify for tax credits. Shares of solar equities rose between 10% and 30% as the news was broadly better than feared.

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Enphase Energy Inc

Treasury Guidance Is Broadly Consistent With Our Expectations in Solar, but Better Than Feared

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