Where Will Enphase Energy Be in 5 Years?
Enphase Energy (NASDAQ: ENPH) has had a great year, and it just keeps getting better. The world's leading supplier of solar microinverters turned in a solid operating performance for the first half of 2019 -- revenue is soaring, profits are rolling in, and it's generating a healthy amount of cash.
The company's turnaround has been swift. Not that long ago, the business was wallowing in operating losses and weighed down by a troubled balance sheet. But technology upgrades and the growth of solar energy installations have proven to be a powerful combination. As investors pore over the company's latest operating results, they may wonder: Where will Enphase Energy be in five years? Let's consider what could be in store for this business.
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