Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Fund manager says Enphase Energy stock is a ‘market share leader’ By: Invezz December 15, 2023 at 11:19 AM EST Enphase Energy Inc (NASDAQ: ENPH) has been a huge disappointment for investors in 2023 but a fund manager remains convinced that the story moving forward will be a different one.The bull case for Enphase Energy IncSteven Glass of Pella Funds says a 50% year-to-date decline in $ENPH is an opportunity to invest in a “market share leader”.He expects Enphase Energy stock to benefit now that the FOMC has signalled three rate cuts in the coming year while “solar rooftop penetration remains low”.Glass recommends that investors take a long-term view on the solar stock and not be overly concerned about its performance in the near term.He remains bullish even though the Nasdaq-listed firm failed to meet Street estimates for revenue in its latest reported quarter.Watch here: https://www.youtube.com/embed/LR8hxRIRg_U?feature=oembedEnphase Energy stock could climb to $145On Friday, Jefferies analyst Dushyant Ailani also reiterated his “buy” rating on Enphase Energy stock. His $145 price objective suggests a 20% upside from here.Ailani recommends owning $ENPH for the company’s strong balance sheet and impressive gross margin of about 50%.The Jefferies analyst wants investors to “get aboard the solar coaster” also because these stocks will be free of a major headwind if the Federal Reserve does indeed switch to cutting rates in 2024.You can't make this up:Markets now see a 21% chance that rate CUTS begin as soon as next month!The base case shows a 69% chance of rate cuts beginning in March 2024.There is even a growing 17% chance of TWO CUTS by March 2024.Futures are implying anywhere from SIX to… pic.twitter.com/JwX8GLA7DZ— The Kobeissi Letter (@KobeissiLetter) December 14, 2023Ailani is convinced the Inflation Reduction Act will be a meaningful benefit to solar stocks in the coming months – including Enphase Energy Inc that recently expanded its support for VPPs (virtual power plants) in the U.S.The post Fund manager says Enphase Energy stock is a ‘market share leader’ appeared first on Invezz Related Stocks: Bio-Techne Corp Enphase Energy Inc Liberty All Star Equity Fund Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Fund manager says Enphase Energy stock is a ‘market share leader’ By: Invezz December 15, 2023 at 11:19 AM EST Enphase Energy Inc (NASDAQ: ENPH) has been a huge disappointment for investors in 2023 but a fund manager remains convinced that the story moving forward will be a different one.The bull case for Enphase Energy IncSteven Glass of Pella Funds says a 50% year-to-date decline in $ENPH is an opportunity to invest in a “market share leader”.He expects Enphase Energy stock to benefit now that the FOMC has signalled three rate cuts in the coming year while “solar rooftop penetration remains low”.Glass recommends that investors take a long-term view on the solar stock and not be overly concerned about its performance in the near term.He remains bullish even though the Nasdaq-listed firm failed to meet Street estimates for revenue in its latest reported quarter.Watch here: https://www.youtube.com/embed/LR8hxRIRg_U?feature=oembedEnphase Energy stock could climb to $145On Friday, Jefferies analyst Dushyant Ailani also reiterated his “buy” rating on Enphase Energy stock. His $145 price objective suggests a 20% upside from here.Ailani recommends owning $ENPH for the company’s strong balance sheet and impressive gross margin of about 50%.The Jefferies analyst wants investors to “get aboard the solar coaster” also because these stocks will be free of a major headwind if the Federal Reserve does indeed switch to cutting rates in 2024.You can't make this up:Markets now see a 21% chance that rate CUTS begin as soon as next month!The base case shows a 69% chance of rate cuts beginning in March 2024.There is even a growing 17% chance of TWO CUTS by March 2024.Futures are implying anywhere from SIX to… pic.twitter.com/JwX8GLA7DZ— The Kobeissi Letter (@KobeissiLetter) December 14, 2023Ailani is convinced the Inflation Reduction Act will be a meaningful benefit to solar stocks in the coming months – including Enphase Energy Inc that recently expanded its support for VPPs (virtual power plants) in the U.S.The post Fund manager says Enphase Energy stock is a ‘market share leader’ appeared first on Invezz Related Stocks: Bio-Techne Corp Enphase Energy Inc Liberty All Star Equity Fund