Enphase Energy: Market Misunderstanding Is Your Opportunity

Summary

• Enphase Energy's share price has fallen 47% from its high, despite increased earnings per share expectations, providing an excellent buying opportunity.
• The fall in share price is sentiment-driven, seen in the P/E decline from 76x in December to 32x currently.
• NEM 3.0 may be a net positive, not the net negative the market appears to be ascribing it.
• Europe will provide a tailwind for Enphase as the continent seeks energy independence from Russia.

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From its high of $336 in December 2022, Enphase Energy (NASDAQ:ENPH) has fallen 47%. In the same timeframe, earnings per share expectations have increased, meaning that the share price fall is completely sentiment driven. This is clearly shown

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SEDG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I/we may also initiate a beneficial long position through the purchase of stock in ENPH over the next 72 hours.