Is Enphase Energy Stock Too Cheap to Ignore?
When it comes to the clean-energy sector, it seems that electric vehicles (EVs) get most of the attention. Even for Tesla, Wall Street and retail investors alike place heavy scrutiny on the company's vehicle production, but the curiosity around its energy storage business pales in comparison.
Investors should be aware that clean tech encompasses far more than EVs. Solar energy and batteries constitute a large and growing component of the industry. Enphase Energy (NASDAQ: ENPH) creates batteries and microinverters for homeowners and businesses, and in the current macroeconomic climate, the company has been no stranger to operational hurdles.
Its financial profile is far from linear. However, a deep dive into its second quarter results may show that Enphase is actually well positioned and, more importantly, has a lot of potential. Let's dig in and assess if the stock is worth a spot in your portfolio.
Source Fool.com
