2024-07-11 12:38:18 ET
Summary
- Enphase stock has dropped to around $100 due to the slow residential market, economic environment, high interest rates, and other factors.
- Enphase is in a better position than SolarEdge despite the stock's decline, with the potential for a larger market share in the residential solar market.
- Enphase has potential for growth as the Fed moves toward a more accessible monetary environment, with lower mortgage rates and increased financing options for Enphase clients.
In my previous Enphase ( ENPH ) article, I discussed why the stock likely bottomed and Enphase was likely heading higher in the long term despite the probability of near-term turbulence. Well, Enphase's stock has gone through another sharp decline, dropping by 32% since reaching a high of about $140 in recent weeks. The stock fell back to its crucial support of around $95 before bouncing back to around $105 recently....
Read the full article on Seeking Alpha
For further details see:
Enphase: Set To Dominate The Industry