Bullish thesis on Enphase Energy despite missed revenue estimate and competition concerns
From Yahoo Finance: 2025-06-23 10:48:00
Elliot’s Musings’ Substack shared a bullish thesis on Enphase Energy, Inc., trading at $35.85 on June 20th. Verde Clean Fuels saw significant insider investment. Enphase Energy reported Q3 revenue of $380.9 million, missing estimates with concerns about Q4 guidance. Tesla’s Powerwall 3 poses competition challenges for Enphase in the solar market. Europe is a pain point for Enphase with declining revenue and battery shipments. Enphase is banking on the launch of their IQ9 microinverter in 2025. Hedge funds have decreased their holdings in ENPH. The focus on AI stocks for higher returns and limited downside risk remains strong.