2024-07-16 09:00:00 ET
Summary
- Enphase Energy stock is down 15% YTD, and down over 66% from its all-time high.
- Enphase has a strong revenue growth CAGR of 29.69% on a 5Y basis. In addition, gross margin improved even with revenue dropping.
- Enphase suffered from elevated interest rates, but this might soon change, with rate cuts likely to arrive very soon.
- We saw bullishness in the whole sector, which might be part of a potential sector rotation away from Mag7 stocks.
Introduction
Enphase Energy ( ENPH ) is a growth stock that has suffered greatly under the high interest rate regime, which we discussed in more detail in our previous articles on Enphase, where we also discussed some other issues.
Currently, Enphase Energy is down approximately 15% YTD even after this week’s rally. Recently, it was down close to 30% year to date....
Read the full article on Seeking Alpha
For further details see:
Enphase Energy: Is The Turnaround Here