Better Buy Now: Tesla or a 50/50 Split of Enphase Energy and SolarEdge?
The electric vehicle (EV) and solar industries are both playing pivotal roles in the energy transition. However, rising interest rates have dampened growth rates. (NASDAQ: TSLA) finds its margins compressing to multiyear lows due to steep price cuts. Enphase Energy (NASDAQ: ENPH) and SolarEdge Technologies (NASDAQ: SEDG) are now in a legitimate downturn.
Even after last week's epic market rebound, Tesla has lost 12.6% of its value over the last month, while Enphase is down 30.8%, and SolarEdge has suffered a brutal 38.4% sell-off. Let's determine if you should buy the dip on the EV industry with Tesla or take a 50/50 split of Enphase and SolarEdge to bet on a rebound in the solar industry.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€198.70
-2.240%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a positive potential of 20.79% compared to the current price of 198.7 € for Tesla Inc.
