Hello Ed,
Given that Enphase constitutes almost 65% of my portfolio (yep, I bought when the opportunity presented itself), I’m gonna be following developments carefully. Please remember, ENPH is quite volatile. Not that long ago, it moved up and down in almost daily 20% increments. For a small stake it’s best to ignore the noise. The quarterly earnings reports are the key. I fully expect escalating good news each quarter. The Q2 report should address broader IQ7 penetration into diverse European markets. I expect further margin improvements. The Q3 report should address the growing number of partnership agreements to produce AC modules. I expect to see notable top line growth (hence profitability). Q4 will be the start of the IQ8 era. That’ll be quite the game-changer with improved revenue growth and profitability. I had not mentioned this earlier, but Enphase entered into a partnership agreement with Waaree Energies, India’s top panel manufacturer. Although the agreement was forged months ago, Waaree wants to incorporate the IQ8/8+ microinverters in its panels (the grid agnostic feature is of critical importance in India). This one partnership alone can make a dramatic difference in ENPH’s growth and profitability. I intend to hold ENPH for the entire year to see how all this plays out.
https://enphase.com/en-us/blog/why-enphase-made-india
Enphase Microinverters have been engineered and tested to function in the harshest environments expected in a PV installation. As you read this, we have systems operating in some of the harshest conditions on the planet, from Saudi Arabia to Antarctica.
In string inverter systems, module mismatch leads to system-wide inefficiencies because they are limited to the output of the weakest module in the chain. With Enphase’s distributed architecture, modules operate independently so that no single module can drag down other modules. Soiling caused by debris or, as is India’s challenge, dust and air pollution on one module does not affect the others. In addition, with the Enphase Microinverter System, there is no need to connect modules and inverters with long runs of DC cabling, where energy is lost.
Even though ENPH has been around for a while, its story has really just begun.
May we all live long and prosper!