Enphase Energy: Disappointing, But Not As Bad As It Seems

Simple Investing
Investing Group Leader
(18min)

Summary

  • Enphase Energy saw Europe weakness and a large US customer bankruptcy result in a delay in its path to normalized revenues.
  • 3Q results were actually satisfactory in my view given the backdrop of what was happening.
  • US market fundamentals are improving, with strong growth in California and non-California states, and across products.
  • The competition rhetoric seems overdone as Enphase Energy showed relative strength in the US, along with stable market share.
  • Enphase Energy continues to be focused on its business fundamentals, working with installers, expanding to new geographies and launching new products.
  • This idea was discussed in more depth with members of my private investing community, Outperforming the Market. Learn More »
Drone view over a field of solar panels at sunset

Justin Paget

Enphase Energy's (NASDAQ:ENPH) 3Q was disappointing.

There's no other way to put it.

However, I think that the company continues to be heading in the right direction, and that, to me, is an encouraging sign.

As I will highlight in

Outperforming the Market

Outperforming the Market is focused on helping you outperform the market while having downside protection during volatile markets by providing you with comprehensive deep dive analysis articles, the AI deep dive report, and access to The Barbell Portfolio.

The Barbell Portfolio outperformed the S&P 500 by 50% in the past year through owning high conviction growth and contrarian stocks.

Apart from providing bottom-up fundamental research, we also provide you with intrinsic value, 1-year and 3-year price targets in The Price Target report. 

Join Outperforming the Market before the 20% price hike next month.

This article was written by

Simple Investing
7.57K Followers

Simple Investing is a former hedge fund and long-only portfolio manager with a track record for outperformance. He managed more than $1 billion in AUM, and is a CFA charter holder who holds degrees in Finance and Accounting. He runs the Investing Group Outperforming the Market.

While having a pure growth or pure value portfolio may do well in certain markets, it leaves investors vulnerable to certain investment styles going out of favor. The objective of Outperforming the Market is to outperform the S&P 500 across market cycles. This is achieved through The Barbell Portfolio, which is comprised of high conviction growth and contrarian stocks.

Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ENPH 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About ENPH Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on ENPH

Related Stocks

SymbolLast Price% Chg
ENPH
--
Compare

Trending Analysis

Trending News