Watchlist: New Day for Solar Power: Enphase Energy Inc (ENPH)

September 7, 2022, 4:08 pm EDT

New Day for Solar Power: Enphase Energy Inc (ENPH)

The rise of energy prices and demand for natural gas in Germany push up the market for the solar power industry. Both individual homeowners and business entities drive up the need for complete solutions for cheaper energy. 

Enphase Energy Inc (ENPH) provides its app, microinverters, and batteries for a complete solution for all. 

Fundamentally, +68% sales growth and +109% EPS growth are highly ranked among all peers. 3 years growth of 55% (sales) and 82% (EPS) are also at top position for its 43 billion market cap category. 

Technical speaking, a fresh 52-week high today +8% marks the beginning of a strong follow-through after the August consolidation. Its 8-month base should provide a solid base for a long uptrend rally. 

ENPH is definitely a stock to consider for both watchlist and portfolio.

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