What Happened?
Shares of home energy technology company Enphase (NASDAQ: ENPH) jumped 2.7% in the morning session after the company opened pre-orders for its new IQ EV Charger 2 and unveiled its IQ Bidirectional EV Charger architecture.
The new products signal Enphase's deeper integration into the home energy ecosystem. The IQ EV Charger 2 is engineered to work seamlessly with the company's existing solar and battery systems, with US shipments expected to start by November 2025.
More forward-looking is the IQ Bidirectional EV Charger, which will support vehicle-to-home (V2H) and vehicle-to-grid (V2G) capabilities. This technology allows an electric vehicle to not only draw power from the grid or a home solar system but also to supply power back to the home during an outage. Enphase expects its bidirectional charger to be available worldwide in the second half of 2026.
After the initial pop the shares cooled down to $38.53, up 3.8% from previous close.
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What Is The Market Telling Us
Enphase’s shares are extremely volatile and have had 45 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 2 days ago when the stock dropped 3.9% as concerns about the health of the U.S. economy grew following a significant downward revision of job market data.
The Labor Department reported that employers added 911,000 fewer jobs from April 2024 through March than initially estimated. These "benchmark revisions" are issued annually to more accurately account for new and defunct businesses. The report detailed that the leisure and hospitality sector added 176,000 fewer jobs, professional and business services 158,000 fewer, and retailers 126,000 fewer. This weaker-than-expected data has fueled investor anxiety, as it suggests businesses may be becoming more reluctant to hire amid economic uncertainty. The numbers issued are preliminary, with final revisions scheduled for February 2026.
JPMorgan Chase CEO Jamie Dimon added that the U.S. economy is "weakening," though he stopped short of predicting a recession. "Whether it's on the way to recession or just weakening, I don't know," he said. Dimon's remarks are closely watched, given his influence as head of one of the nation's largest banks.
Enphase is down 46% since the beginning of the year, and at $38.53 per share, it is trading 67.8% below its 52-week high of $119.74 from September 2024. Investors who bought $1,000 worth of Enphase’s shares 5 years ago would now be looking at an investment worth $591.86.
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