10 Stocks Jim Cramer Can’t Stop Talking About

7. Enphase Energy Inc. (NASDAQ:ENPH)

Number of Hedge Fund Investors: 42

Jim Cramer points out that the dramatic rise in Enphase Energy Inc. (NASDAQ:ENPH)’s stock in 2020 and 2021 was closely tied to the low-interest rates that made borrowing money cheap. He emphasizes the importance of understanding the factors driving a stock’s movement.

“It’s not a coincidence that something like Enphase was roaring in 2020 and 2021 when people could borrow money for next to nothing. Let me give you the bottom line: It’s very helpful to understand why a stock you like is going up or down. When you have a win, don’t lazily assume you simply got it right—think about what it means if you were merely in the right place at the right time. And please, proceed with caution.”

Enphase Energy Inc. (NASDAQ:ENPH) is a great investment pick due to its leading role in the solar micro-inverter market, strong financial performance, and the growing demand for renewable energy. Enphase Energy Inc. (NASDAQ:ENPH) has consistently grown its earnings thanks to its advanced micro-inverters, which boost solar energy efficiency. Enphase Energy Inc. (NASDAQ:ENPH)’s expertise and expansion into energy storage and smart home energy management position it well to benefit from the global move towards clean energy.

In its Q2 2024 earnings report, Enphase Energy Inc. (NASDAQ:ENPH) showed impressive revenue growth of $711 million, driven by high demand in Europe and the U.S., despite a challenging economic environment. Enphase Energy Inc. (NASDAQ:ENPH)’s healthy profit margins indicate effective cost management while scaling up. Enphase Energy Inc. (NASDAQ:ENPH) is also expanding into Latin America and Asia-Pacific, highlighting its global growth strategy. Recent product innovations, like the IQ8 micro-inverters, along with strategic partnerships with major solar distributors and installers, further boost its market presence and revenue potential, supporting a positive outlook for continued growth.