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Solar energy is going through a rough patch, and Enphase has come out a winner.
Residential solar stocks are falling like rocks, but Enphase Energy (ENPH 4.30%) has held up relatively well. In this video, Travis Hoium shows why Enphase has the solid results it does and why the stock still isn't a great buy in the energy market.
*Stock prices used were end-of-day prices of July 28, 2024. The video was published on July 29, 2024.
Travis Hoium has positions in First Solar. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends First Solar. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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