11 Best Renewable Energy Stocks To Buy Now

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

Number of Hedge Fund Investors: 38

Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company known for solar microinverter systems, which convert solar energy into usable electricity. The company also provides energy storage solutions and monitoring software designed for residential and commercial solar installations. Enphase Energy, Inc. (NASDAQ:ENPH) generates revenue through both product sales and subscription-based services.

Enphase Energy, Inc. (NASDAQ:ENPH) is aggressively expanding its product portfolio to address a broader range of market needs. The company has introduced the IQ9 microinverter, powered by Gallium Nitride (GaN) technology, which supports higher DC input currents and elevated AC grid voltages, making it suitable for small commercial markets. This new product line is expected to launch in the second half of 2025 and aims to capture emerging market demands and further penetrate the commercial sector. Additionally, Enphase Energy, Inc. (NASDAQ:ENPH) is rolling out its fourth-generation battery system, which is designed to significantly reduce installation costs and wall space, making it highly competitive for both grid-tied and backup applications. The company is also expanding its presence in key international markets, such as Japan, India, and Brazil, by launching products tailored to local needs and regulatory requirements.

In the United States, Enphase Energy, Inc. (NASDAQ:ENPH) is focusing on leveraging the benefits of the Inflation Reduction Act (IRA) to strengthen its market position. The company is introducing higher domestic content SKUs for its IQ8HC microinverters and IQ8P three-phase microinverters to enable commercial asset owners to qualify for a 10% domestic content Investment Tax Credit (ITC). This strategic move is expected to drive demand and increase the competitiveness of the company’s products in the US market.

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