2024-06-30 02:37:30 ET
Summary
- Enphase and SolarEdge have faced challenges due to slowdowns in solar projects and an uncertain macroeconomic environment.
- Enphase's cleaner approach to growth and improving inventory levels make it a promising investment.
- Management's focus on profitable growth, strong operating leverage, and potential upside in revenue and EBITDA support a Buy rating for Enphase.
Investment Thesis
Residential solar equipment manufacturers have seen sales fall off a cliff in the past 12–15 months, marred by slowdowns in solar projects, elevated financing costs, and an uncertain macroeconomic environment that has made it difficult for companies such as Enphase ( ENPH ) and SolarEdge Technologies (NASDAQ: SEDG )....
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For further details see:
Enphase: 3 Reasons Why I Own Shares - Profitability Is One Of Them