2024-04-09 06:17:25 ET
Summary
- Enphase Energy is emerging as the best bet in the solar inverter industry, despite facing the same headwinds as its competitors.
- The company has shown resilient unit-level and operating margins, while continuing to benefit from higher interest income earned from its net cash balance sheet.
- Enphase's next-generation technology and ability to maintain margins position it for long-term growth and market share gains.
- I reiterate my buy rating for this top solar pick.
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For further details see:
Enphase: Sifting Through The Rubble Of Solar Bloodbath - Top Solar Pick