10 Best Clean Energy Stocks to Buy According to Billionaires

7. Enphase Energy, Inc. (NASDAQ:ENPH)

Number of Billionaire Investors: 8

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world’s leading supplier of micro inverter-based solar and battery systems. The company has shipped approximately 80 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries around the world.

Enphase Energy, Inc. (NASDAQ:ENPH) outperformed estimates in Q4 2024 as its adjusted EPS of $0.94 managed to beat consensus by $0.19. The company’s revenue of $382.71 million, besides being up by 26.5% YoY, also managed to top expectations by $5.21 million. ENPH generated a free cash flow of $159.2 million in Q4 2024 and ended the year 2024 with cash, cash equivalents, restricted cash, and marketable securities of $1.72 billion. The company remains committed to its shareholders and repurchased approximately $199.7 million worth of its shares in Q4 2024, with a remaining $398 million authorized for further share repurchases.

Enphase Energy, Inc. (NASDAQ:ENPH) announced this month that it has launched the IQ System Controller in France and the Netherlands, further bolstering its footprint in Europe. This was followed by the company’s announcement of production shipments of its newest electric vehicle (EV) charger, the IQ EV Charger 2, in 14 European markets last month.

Enphase Energy, Inc. (NASDAQ:ENPH) ranks among the 10 Best Climate Change Stocks to Buy Now.