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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Enphase Energy (ENPH-Q) has encountered significant challenges this year, with its stock price down 50%. One expert believes that the company's fortunes are tied to political support for solar energy, specifically mentioning that Donald Trump may favor solar, yet the market sentiment does not reflect this optimism. Another expert acknowledges that while Enphase is facing a challenging landscape due to inflation and interest rate hikes, it remains a strong contender in the solar inverter sector, outperforming its nearest competitor largely due to effective management. Despite experiencing a drop-off in markets in both the US and Europe, there remains a commitment to the company's potential. Overall, the clean tech industry as a whole is described as difficult, which adds to the complexity of investing in Enphase Energy.

Consensus
Avoid
Valuation
Overvalued
DON'T BUY

Is hitting a bottom today, down 50% for the year. He thinks that Trump likes solar, but the markets doesn't think that matters. Avoid any stock that receives subsidies.

PAST TOP PICK
(A Top Pick Mar 15/23, Down 39%)

Whole clean tech space has been very difficult. The story unraveled with inflation and higher rates. Still a good company, solar inverters. Better job than closest peer, and that's due to management. Drop-off in US and Europe. Sticking with it.

DON'T BUY

An interest rate play. Stay away.

DON'T BUY

The worst S&P stock of 2023, killed by rising interest rates and collapsed energy price, down 66%. Before that, ENPH was a winner. You need to borrow to buy their solar panels, hence the interest rates.

COMMENT

Down 59% this year with the sector, because of high interest rates. With rates easing, shares climbed today.

DON'T BUY
Buy as interest rates stabilize?

Still no. And tax-loss selling will also impact this name. Are better names out there.

DON'T BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The sector is certainly under siege right now. Enphase's inverter shipments fell sequentially in 3Q to around 1.6 gigawatts vs. 2.1 GW in 2Q, though the declines could begin to subside in 2024 as inventories normalize. Sales dropped about 13% in 3Q, toward the lower end of revised guidance, and will likely be flat in 2023 given macroeconomic conditions in the US and Europe. Tax benefits included in the Inflation Reduction Act have supported margin expansion. Adjusted gross margin topped 48% in 3Q and could stay above 45% through year-end. Though the company only shipped 86 megawatt-hours worth of batteries in the quarter, a ramp-up in 2024 is possible as Enphase looks to expand production in the US and sell in new territories. ENPH is down to 17X earnings, but with a decline of 70% this year tax-loss selling is very likely. It has a decent balance sheet, but we would not step into this one on the buy side yet. 
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WATCH

Is down 55% this year. Sells to mostly homeowners, so is exposed to higher interest rates. Reported last July with soft guidance with a small sales shortfall. Suffers excess inventory that could worsen. It is profitable. The PE has fallen from 60x forward to 24x forward. Are expanding in Europe, which could offset the weaker US market. He's torn over this and has made the wrong call on this this year. It's a show-me stock.

COMMENT

Has long liked this. It turned out to be a financing play rather than a solar play. Shares should have bounced by now, and it hasn't--and he owns this miscall

RISKY
Will benefit from the Inflation Reduction Act

As risky as it gets in a weak group. IS down 30% YTD, the opposite of First Solar. That said, Enphase is a key cog in the solar machine and shares haven't been this cheap since 2020. Will recover with the sector. Higher interest rates have held this back.

PARTIAL BUY

They missed their quarter. Some feel they're a finance company rather than an energy one. Buy a small portion.

TOP PICK

Solar micro-inverters. Technology is taking over string inverters, as it's more efficient and flexible. Moving from components, like inverters, and into systems like EV batteries and storage. No dividend. 

(Analysts’ price target is $293.86)
BUY

It reports Wednesday.  If you believe in the future of solar power, then this one's a winner.

BUY
Up over 70% this year, is one of the top-performing stocks. He's been recommending this for ages. They make parts ans software for solar energy and are a better investment than solar-panel makers which has too much competition. Is profitable and getting a boost from the Inflation Reduction Act.
BUY ON WEAKNESS
It's doing very well, has so many orders. When it comes down 15%, definitely buy.
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Enphase Energy(ENPH-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Enphase Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Enphase Energy(ENPH-Q) Frequently Asked Questions

What is Enphase Energy stock symbol?

Enphase Energy is a OTC stock, trading under the symbol ENPH-Q on the (). It is usually referred to as or ENPH-Q

Is Enphase Energy a buy or a sell?

In the last year, 3 stock analysts published opinions about ENPH-Q. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Enphase Energy.

Is Enphase Energy a good investment or a top pick?

Enphase Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Enphase Energy.

Why is Enphase Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Enphase Energy worth watching?

3 stock analysts on Stockchase covered Enphase Energy In the last year. It is a trending stock that is worth watching.

What is Enphase Energy stock price?

On , Enphase Energy (ENPH-Q) stock closed at a price of $.