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Enphase Energy announced that its IQ Meter Collar is now approved by 80 utilities serving more than 38 million customers across the U.S. and Canada. The stock edges lower on the day, trading at $34.55.
The Enphase IQ Meter Collar is now approved by 80 utilities that together serve over 38 million customers in the U.S. and Canada. The announcement was made directly by the company. According to Enphase Energy, the event was first announced on September 21, 2026.
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RSI at 38.8 is nearing oversold territory, an early sign the decline is getting stretched. Shares of Enphase Energy are trading below their MA-20, MA-50, and MA-200 levels, keeping the daily chart structure bearish. The nearest support is marked at the weekly low of $34.21, which anchors current price action within a broader negative trend.
Traders should watch whether the price manages to close above $36.82 or falls through support at $34.21 to gauge whether the event is being priced in. RSI near 38.8 indicates the recent decline is becoming extended and may start to limit further downside. Even after a sharp move lower over the past week without a sustained trend, the probability of upside for the coming trading week is less than 20%, with downside risk above 80%. The stock is expected to trade between $33.23 and $35.86. A close above $36.82 would show buyers are willing to follow through, while a drop below $34.21 would show the move is being faded. On the weekly chart the longer-term picture stays firmly negative.
Earlier, analysts noted that Enphase Energy faced persistent technical weakness and a broadly negative trend despite previous product developments. The latest move lower, even after the company's announcement of expanded utility approvals for its IQ Meter Collar, reinforces the prevailing bearish scenario, with traders advised to monitor for a decisive break below $34.21 or a recovery above $36.82 as key signals for the next direction.