UNDERLYING

Listed on NASDAQ as ENPH in the Alternate Energy Industrial Sector

Enphase Energy is an American NASDAQ-listed energy technology company .

The global company supplies energy technology for intelligent, easy-to-use solutions that combine the generation, storage and management of solar power on one platform.
The company revolutionized the solar industry with its micro-inverter technology, which harnesses sunlight as a safe, reliable, durable and scalable energy source.
Enphase Energy’s system empowers people to generate, use, store, sell and own their own electricity. For the first time in the development of the already very old electricity grid, people are being paid for the clean energy they generate and feed into the grid, thus contributing to the realization of the energy transition via the use of solar energy.

Enphase Energy’s long-term top line and profit growth will be driven by rising global demand for its core inverter products, brought about by the increase in the penetration rate of electric vehicles over time. Other drivers include higher revenue contribution from battery sales and geographical expansion to capitalize on other future global opportunities.

The current Bloomberg Analyst forecast for Enphase has an impressive 73% Buy with a positive 12-month forward target pricing forecast.

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