Why Enphase Energy Is a Better Stock Than Tesla

Enphase Energy (NASDAQ: ENPH), a leading supplier of solar power system solutions, has several things in common with electric vehicle maker, Tesla (NASDAQ: TSLA). Both are in the growing renewable energy space, and both are growth stocks with high valuations.

As a first-mover in its market, Tesla's share price has been driven mostly by its potential, and the company has faced limited potential competition. While that potential may live up to expectations, Enphase has already shown it can achieve high margins, and growing sales, among competition in a fast-growing sector.

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Source Fool.com