Why Hold Enphase Energy Stock (NASDAQ:ENPH)

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View of modern photovoltaic solar panels to charge battery. Rows of sustainable energy solar panels set up on the farmland. Green energy and environment ecology concept.

tigerstrawberry

After revenues and earnings nearly tripled since 2020, I expect Enphase Energy (NASDAQ:ENPH) to enter a “hangover” period of declining revenues and earnings. Revenues and EPS already declined in Q3, and management is guiding for further declines in Q4.

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