5 Most Sold Clean Energy Stocks 

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

Number of Fund Holders at the End of Q1: 55

Number of Fund Holders at the End of Q2: 50

Enphase Energy, Inc. (NASDAQ:ENPH) shares have lost more than half of their value in the last year due to increased inventories and slowing demand. Its U.S. microinverter shipments are expected to fall 25% year on year in the fourth quarter of 2023 and 28% year on year in the first quarter of 2024. Previously, the company was expecting shipments to decline by 18% and 8%, respectively. Enphase Energy provides home energy solutions for the solar photovoltaic industry in the United States and around the world. 

Hedge funds have also reduced their exposure to the company over the last two quarters. The number of hedge fund positions fell from 55 at the end of the first quarter of 2023 to 50 at the end of the second quarter. There were 62 hedge fund positions in the company at the end of 2022.