Where Will Enphase Energy Be in 5 Years?
The world's transition toward cleaner energy sources is a trend here to stay. Several clean-energy technology companies are driving this change, and one such company is leading microinverter manufacturer Enphase Energy (NASDAQ: ENPH).
Enphase's stock price has nearly doubled in a year, reflecting investors' enthusiasm for the company and its prospects. Let's discuss how the company could grow in the next five years and beyond.
Enphase Energy supplies microinverters, an essential component that converts direct current produced by solar panels to alternating current. That's a necessary step before the solar power can be used. The company's microinverters are far more efficient than central inverters that were previously used in residential solar installations. The demand for its products is high, as evident by the company's strong revenue growth.
Source Fool.com
