EnphaseEnphase Energy Inc. (NASDAQ: ENPH) is an American producer of microinverters used in the solar power generation industry. In addition to inverters, the company also develops accessories, batteries, and power management software applications.

Enphase has equipment installed in 855,000 locations globally. Key markets include North America, Europe, India, and Oceania. Enphase is primed for growth because its technology is utilized throughout the industry. Startup solar power companies can use Enphase technologies to power their own solutions. This could allow for significant revenue growth as the solar market continues to expand.

In the 2018 fiscal year, Enphase grew its revenue by 10.48%. Gross income increased by an impressive 68.52% thanks to efficiency and cost-cutting initiatives. A gross profit margin of 29.87% is right in line with what is usually seen in this industry.

Solar technology costs continue to decline, which could help to drive more adoption in both consumer and industrial/commercial markets. Enphase is already a market leader with a powerful brand and reputation, making it one of the companies tipped to succeed as clean renewable energy continues to rise in popularity.

Key Data:

  • 1 Year Price Growth: 40%
  • YTD Price Growth: 27%
  • 3 Month Price Growth: 95%

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