8 Most Profitable Lithium Stocks to Invest In

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

Last Year’s Net Income: $102.66 million

Number of Hedge Fund Holders: 39

Enphase Energy, Inc. (NASDAQ:ENPH) produces home energy solutions, focusing on microinverters, solar batteries, and energy management software. The company is a key player in the solar industry and has been growing its product line globally, making it one of the most profitable lithium stocks.

In the fourth quarter of 2024, Enphase Energy, Inc. (NASDAQ:ENPH) reported $382.7 million in revenue. The company shipped about two million microinverters and 152 megawatt-hours of batteries. Enphase’s gross margin stayed strong at 53%, and it generated $159 million in free cash flow. Meanwhile, U.S. sales grew 6% from the previous quarter, aided by an 11% increase in microinverter sales. However, due to unsteady market trends, the company faced a 25% drop in European sales. Nevertheless, Enphase is focusing on expansion with the launch of new products like the IQ Battery 5P and IQ8 Microinverters, which should boost growth in 2025.

On January 17, 2025, Enphase Energy, Inc. (NASDAQ:ENPH) integrated its Enphase Energy System with Octopus Energy’s smart tariffs in the U.K. This allowed customers to optimize energy use by charging batteries during cheaper hours and selling excess energy at higher rates. Octopus Energy serves over nine million homes while providing real-time management for Enphase customers through its Kraken platform. This move adds value to Enphase’s solar energy systems and strengthens its position in the U.K.

Enphase Energy, Inc. (NASDAQ:ENPH) is also expanding in India, where power outages are common. On December 17, 2024, the company started shipping its IQ Battery 5P to Indian customers. This powerful home battery offers a scalable capacity of up to 40 kWh and uses advanced lithium iron phosphate chemistry, ensuring safe and efficient operation. Enphase has teamed up with several installers to support deployment and meet the growing need for reliable energy solutions in India. Enphase Energy, Inc. (NASDAQ:ENPH) is enhancing its position in the market through these partnerships and global rollouts.