The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Enphase Energy Inc. (NASDAQ:ENPH) is one of the 10 Stocks With Shocking Overnight Gains.

Enphase Energy notched a new 52-week high on Thursday, as investors resumed buying positions after the company earned a bullish rating and a double-digit price target upgrade from Goldman Sachs.

In intra-day trading, the stock climbed to a fresh record high of $63.27 before trimming gains to end the session just up by 17.29 percent at $62.34 apiece.

Photo by William Mead on Pexels

In a market note earlier in the week, Goldman Sachs upgraded its price target for Enphase Energy Inc. (NASDAQ:ENPH) by 11.8 percent to $57 from $51 previously, while maintaining a “buy” recommendation.

The positive coverage came amid the looming July 4 deadline for a federal solar tax credit, under which projects must begin construction and equipment must be safely harbored by the deadline for developers to qualify for a 30-percent incentive. This is expected to boost sales of solar and technology companies on the expectation that customers would scramble to place their orders prior to the deadline to qualify for the incentive.

In other news, Enphase Energy Inc. (NASDAQ:ENPH) on Monday unveiled a new PowerMatch technology for two IQ Battery systems—a 5P and a 10c—which intelligently adjust IQ battery operations to match a home’s real-time power needs.

The 10C variant is available for sale in the US and Puerto Rico, while the 5P is now for sale across North America and select countries in Central America and the Caribbean.

Enphase Energy Inc. (NASDAQ:ENPH) said that the two products would help deliver more usable energy, improved efficiency, and long-term savings for its customers.

While we acknowledge the potential of ENPH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.