The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics around the investing world.
The solar industry is going through some tough times right now, and solar stocks like FirstSolar and Canadian Solar have gotten crushed as a result. With that in mind, David wonders whether he's a bit crazy to be considering a solar stock in this environment. The company in question is Enphase Energy, which just had its IPO. It makes inverters, which are devices that turn DC electricity from solar cells into AC electricity that we can all use. David thinks the company possesses compelling economics and has added it to the top of his Watchlist.
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David Meier and John Reeves have no positions in the stocks mentioned above. The Motley Fool owns shares of Power-One. Motley Fool newsletter services recommend First Solar. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.