Enphase Energy's Sunny Forecast
There's a reason investors in growth stocks feel comfortable about valuing some companies at levels significantly above what their current business metrics warrant. When a company has a large enough runway for growth, its underlying business can over time satisfy some ambitious expectations.
Enphase Energy (NASDAQ: ENPH) is in the fast-growing solar power generation industry, and its specific business offerings have been in the sweet spot for the past several years. Its growth looks to be accelerating, too. The company gave investors a very bright forecast for 2021's final quarter along with its third-quarter earnings report last week.
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Source Fool.com
