As I have written a few times in the past, I stand by that. I rate Enphase $ENPH-2.0% as a quality company with a promising vision for the future. That's why I'm not going to wait any longer and am using today's massive drop to buy.
It's not a foreign company to me, I picked it up in 2022 and only sold because of the meaningless growth (I didn't expect it to sustain). This time, however, I'm hoping for a long term hold.
Enphase Energy
ENPHCapital Structure
Market Cap
13.2B
Enterpr. Val.
14.3B
Valuation
P/E
50.1
P/S
7.3
We've written about this before. I agree, I also made almost 100% on it last year and I trust this company. Like you, I sold for profit but when it went from $300 to $210, I bought. So unfortunately today's drop hurts but I also overbought and I believe it will go up again. Hold now there is less demand in the US but that will gradually improve as inflation compresses. 😊