Enphase Energy, Inc. ENPH recently revealed that the increased deployment of its Clipper Creek products has been witnessed lately in the United States as the region strives to promote electrification in the transportation system amid rising efforts to decarbonize the environment. This, in turn, provides an opportunity for the company to capitalize on the growing demand for the electric vehicle (“EV”) charging solution.Significance of Enphase’s Clipper Creek DivisionEnphase’s product portfolio of Clipper Creek EV chargers includes hardwired or plug-in options with flexible power configurations that work with any EV currently sold in North America.With such an impressive product portfolio, ENPH intends to provide a platform that excels in easing the development of the EV segment in the United States amid the growing deployment of the EV charging infrastructure.Moreover, going forward, EVs are anticipated to account for 30% of the cars on the road by 2050. In such a scenario, Enphase may witness more intensified demand for its Clipper Creek products as the electrification of the transportation system makes headway.Additionally, Enphase plans to utilize its power conversion capabilities and software to integrate EV charging solutions into a single home energy management platform. Such strategies to enhance the reliability and efficiency of the platform may further solidify Enphase’s position in the EV market.This, in turn, will boost ENPH’s revenue generation prospects from the Clipper Creek division, thus contributing to its overall performance.Growth ProspectsIntensified apprehensions about CO2 emissions and significant investments in the EV segment by auto manufacturers have collectively provided a platform for the global EV market to expand in the near future.Going forward, the global electric vehicle market is projected to expand at a CAGR of 21.7% over the 2022-2030 period, per reports from Markets and Markets. Such abounding growth prospects will not only benefit Enphase but also other solar majors who are expanding their EV portfolio –SolarEdge Technologies’ SEDG EV-charging single-phase inverter enables homeowners to charge their EVs directly using solar energy, maximizing their solar usage, and thus reducing their electricity bills. Its customers also get the benefit to charge EVs up to 2.5 times faster than a standard EV charger through an innovative solar boost mode that utilizes the grid and photovoltaic charging simultaneously.SolarEdge boasts a long-term earnings growth rate of 28.6%. The SEDG stock has risen 9.6% in the past year.Similarly, Sunnova Energy International’s NOVA ChargePoint Home Flex is a 240 V, Level 2 EV charger, which is faster and smarter than standard wall plug chargers and can charge any EV. It offers the flexibility to charge EVs at home up to 9X faster than the standard wall plug in, delivering up to 50 amps of power.The Zacks Consensus Estimate for Sunnova’s 2022 sales suggests a growth rate of a solid 79.6% from the prior-year reported figure. The NOVA stock has returned 63.7% in the past six months.Likewise, SunPower SPWR recently joined forces with Wallbox, through which SunPower customers can opt to install a Wallbox home EV charger. Wallbox's Pulsar Plus chargers come with a standard J1772 EV plug and an app that will allow SunPower customers to schedule charging along with enabling power sharing for two or more chargers with adjustable current output. This, in turn, makes them a fit for all EV models.The Zacks Consensus Estimate for SunPower’s 2022 earnings indicates a growth rate of a whopping 342.9% from the prior-year reported figure. The SPWR stock has provided returns of 13.1% to its investors in the past year.Price MovementIn the past year, shares of Enphase Energy have rallied 61.6% compared with the industry’s growth of 4.9%.CHARTZacks RankEnphase Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SunPower Corporation (SPWR): Free Stock Analysis Report Enphase Energy, Inc. (ENPH): Free Stock Analysis Report SolarEdge Technologies, Inc. (SEDG): Free Stock Analysis Report Sunnova Energy International Inc. (NOVA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research