Enphase: Finding Intrinsic Value

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About: Enphase Energy, Inc. (ENPH), Includes: SPWR
by: Bologna Asset Management
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Bologna Asset Management
Value, dividend investing, alternative energy
Summary

Enphase Energy has seen its share price skyrocket over the past year.

The company's recent deal with SunPower and its new IQ8 inverter system bode well for future growth.

I attempt to build a simplistic cash flows model and derive an intrinsic share value for the company.

Enphase Energy (ENPH), driven by solid growth and the news of a strategic partnership with SunPower (SPWR), has seen its stock price rise 159% YTD. Enphase provides module level power electronics