$ENPH Q3 2022 Earnings Report
$ENPH Long
Enphase is one of the best solar panel providers in the industry with their stock being up 12% just this week alone. Adding to this, they have never missed estimates in the past three years, meaning that they were able to successfully go through the pandemic with their strong business plan. As also stated in their last report, these conditions are going to stay favorable for them for future quarters. During the earnings call, the company also announced it is expecting a growth of 40% between the first and second quarters in Europe. U.S. solar projects came to a stop in March when the U.S. The Commerce Department began an investigation into whether China was sending components through Southeast Asian countries in order to bypass tariffs. It also ended imports from countries that make up around half of all U.S. solar panel supplies which is a very advantageous thing for Enphase which is an American company. The White House is also attempting to increase domestic production capacity to 22.5 gigawatts by 2024 which could mean they will be giving a boost to Enphase. Biden also has said he wants to reduce U.S. greenhouse gas emissions 50% below 2005 levels by 2030. One thing the government has done in order to complete its plan was dropping interest rates. Interest rates are a big factor in solar growth because projects are often financed for decades, so higher rates make the electricity from a solar installation more costly. This is especially big news for Enphase because they are the number one solar panel installation company in the USA and they will have a very great future to look forward to this quarter. Generally looking at how events have shaped up for Enphase, they are expected to have a great quarter. One of their fastest growing businesses is their European market which made their stock go up by 10% last quarter. This quarter, they are expecting even higher results from Europe with their revenues growing by 40%. The government is also decreasing taxes and interest rates for solar panel projects while also closing imports from other countries. This is going to be a huge boost for Enphase. Disadvantages: As we have seen, many companies are going through a tough time due to their customers having less buying power. This could also have an impact on Enphase, especially considering the fact that solar panels aren’t a basic necessity people need. Additionally, considering how home prices have gone really high, there aren’t many new home buyers, which could decrease their customer count. How the stock has done over the past 3 months: This stock has done really well, with its price going from 150 Dollars to as high as 250 Dollars. This is a very good indication of their strong business plan and fundamentals that make investors happy to invest in this company, even without any reports to show their progress.
Top 10 Owners of Enphase Energy Inc Stockholder Stake Shares owned Total value ($) Shares bought / sold Total change The Vanguard Group, Inc. 9.96% 13,446,167 2,625,229,645 +79,183 +0.59% BlackRock Fund Advisors 7.16% 9,671,254 1,888,215,631 -15,385 -0.16% SSgA Funds Management, Inc. 3.86% 5,206,846 1,016,584,613 -15,358 -0.29% BlackRock Advisors (UK) Ltd. 2.54% 3,432,971 670,253,258 +215,965 +6.71% Allianz Global Investors U.S. LLC 2.40% 3,233,314 631,272,225 +1,982,411 +158.48% Invesco Capital Management LLC 2.20% 2,965,038 578,894,019 +194,944 +7.04% Geode Capital Management LLC 1.94% 2,622,824 512,080,158 +104,565 +4.15% Brown Advisory LLC 1.11% 1,503,239 293,492,382 +275,423 +22.43% Fidelity Management & Research Co... 1.08% 1,458,077 284,674,953 -796,642 -35.33% Northern Trust Investments, Inc.(... 1.01% 1,370,275 267,532,491 -15,644 -1.13% Ceo: Time: After market Estimate: +10%