I was wondering what people’s thoughts were on Enphase.
Fortunately I didn’t hold them but have bought today on the basis that the drop could be overdone. The solar industry may have a short term lull but I would have thought it’s basically a strong growth market long term. Thus assuming there isn’t anything fundamentally wrong with enphase it might have the potential to bounce back once the present market lull eases.
There has been talk in various countries about mandating solar on all new houses and I would imagine that would give a massive boost to the TAM is it ever happened. It seems to me that as electric vehicles are rolled out and become more common people will look at solar as an ideal way to charge the EV at home. I know some people who have recently installed batteries on their home solar and now never need electricity from the grid (they are always an export or at zero)