Added to YB: 2024-02-12
Pitch date: 2024-02-10
ENPH [bullish]
Enphase Energy, Inc.
-73.94%
current return
Author Info
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Company Info
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally.
Market Cap
$3.8B
Pitch Price
$123.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.94
P/E
19.90
EV/Sales
2.32
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
SANJIV holding Enphase - $ENPH
$ENPH fell from $174 to $75 due to rising rates & CA NEM 3.0 policy, dampening demand & causing inventory buildup. Q4 saw lower revenue & loss in op profit. Diversifying globally & adapting to NEM 3.0's battery focus. 38% loss but cautiously hopeful for rebound.
Read full article (7 min)