Stock Review of the Day
Stock:  ENPH (Enphase Energy)
Summary:  ON SALE

Score:  15/20
MOS:  92%
Share Price:  $208
Sticker Price:  $2,650

Enphase Energy is an US energy technology company founded in 2006 and headquartered in Fremont, CA. 

This website shows a video of how Enphase works.  

In summary…

Enphase is not a solar panel company, they are a company that sells Batteries, AC (Alternating Current) Units, and Microinverters.

As stated on the Enphase website, solar panels may get all the glory, but it’s the inverter that does all the work in a solar energy system. Tucked beneath each solar panel, microinverters convert the direct current (DC) power collected from the solar panels to alternating current (AC), the form of electricity your home operates on.

Solar panels provide direct energy to a home but what happens at night?  Homes with solar panels will have to tap into the energy grid like any normal home.  Enphase is different because it stores that energy in batteries so the home will continue to operate.

While Enphase doesn’t manufacture solar panels, they work with module partners to produce the AC Module, which combines their microinverter with a solar module into one integrated unit. Your solar installer can help you pick out the right solar panel for your system.  If you want Enphase products installed, you’ll need to work through a local installation company which you can look up on the Enphase website.

Enphase has over 300 patents, they have sold over 30 million inverters, and they operate in 21 countries.

I did some homework on the costs of their products.  Here is the rundown…

  • Empower Smart Switch = $3,600
  • Encharge 3 Battery = $7,000
  • Encharge 10 Battery (3 Encharge 3 batteries in one unit) = $11,000
  • Envoy Combiner Box = $1,800

Total Cost for the Encharge 10, Smart Switch, and Combiner Box = $16,400

If you don’t already own solar panels, the approximate cost on panels + labor = $10,000 – $15,000

Now you may be curious to know the payback time of the investment.

Based on this article on the Enphase website, you can obtain federal and state rebates for the product.  In 2020, you could have reduced costs by 26%.  If you can get rebates to reduce the upfront cost, you’re looking at a 7 – 10 year payback which is pretty good.  In my opinion, if someone tries to sell me a product with a payback time of over 15 years, I tend to lose interest.

On 12/31/2020 The Motley Fool announced in this article that Enphase Energy will be joining the S&P 500.  Enphase will replace Tiffany & Co.  This is great news!

This article on Goldman Sachs talks about the future of clean energy.  As stated on the website, technological innovations and new financing methods are making renewable energy more accessible than ever before. As a result, solar, wind, hydropower and other sustainable sources are expected to account for half of our global energy mix by 2030, according to estimates from Bloomberg New Energy Finance.  This transformation will allow the world to meet its growing power needs more sustainably—helping to create a cleaner, healthier and brighter future.

With a score of 15/20, the financials are very strong.  When you look at the WHY page in TYKR, you can see the Equity Growth Rate is 3/3, the EPS Growth Rate is 3/3, and the Sales Growth Rate is 3/3.  Enphase is also on the TOP 50 ON SALE.  With an MOS of 92% (Share Price of $208 vs Sticker Price of $2,650) the future of this stock is looking bright.

What do you think?

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All stock reviews are for entertainment purposes only. Reviews are not financial advice.

Blog Post Author
Sean Tepper