ENPH

Enphase Energy Inc

Industrial/Transportation, Energy, Utilities


Presented:11/14/2023
Price:$91.39
Cap:$12.48B
Current Price:$92.04
Cap:$12.46B

Presented

Date11/14/2023
Price$91.39
Market Cap$12.48B
Ent Value$16.82B
P/E Ratio23.02x
Book Value$7.43
Div Yield0%
Shares O/S136.55M
Ave Daily Vol4,433,473
Short Int12.77%

Current

Price$92.04
Market Cap$12.46B
Enphase Energy, Inc. is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm's products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps. It operates through the following geographical segments: United States, India, China, Mexico, New Zealand, Romania, and Other. The company was founded by Raghuveer R. Belur and Martin Fornage in March 2006 and is headquartered in Fremont, CA.

Publicly traded companies mentioned herein: Enphase Energy, Inc. (ENPH), SolarEdge Technologies, Inc. (SEDG), Tesla, Inc. (TSLA), 

Highlights

The presenter is short Enphase Energy (ENPH), primarily due to its vulnerability to rates and the evolving competitive landscape within the solar inverter market. On top of increased competition from Tesla and China, the market is moving more towards storage where ENPH seems to be at a disadvantage. As such the presenter does not think the historical multiple holds as ENPH loses share and expects further declines in the stock. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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