Introduction
Q1 Earnings Call
Enphase Energy reported Q1 earnings for 2021 above expectations but guided Q2 revenue and earnings below consensus estimates. Due to constraints on the semiconductor supply chain specifically for
Enphase: Buy The Dip
Summary
- Due to supply constraints, ENPH sold off drastically following its Q1 earnings release, offering a great entry point.
- ENPH offers a business model 2x more profitable than its closest peer and 3x more profitable than its main competitor SEDG.
- As this year progresses, ENPH will continue to add SAM and ignite product demand and should years of elevated growth as supply comes back online.
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