8 Most Promising Solar Stocks According to Hedge Funds

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

Number of Hedge Fund Investors: 38

Enphase Energy, Inc. (NASDAQ:ENPH) is a leading provider of microinverter technology and energy management systems. The company generates revenue by selling its microinverters, which convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity used in homes and businesses. Enphase Energy, Inc. (NASDAQ:ENPH) also offers energy storage solutions and software platforms for system monitoring and control.

Enphase Energy, Inc. (NASDAQ:ENPH) is actively broadening its market reach both domestically and internationally. While the U.S. remains its primary market, the company is making significant progress in Europe and Australia, where residential solar adoption is growing. Enphase Energy, Inc. (NASDAQ:ENPH) has formed strategic partnerships with local distributors and installers to strengthen its presence in these regions. The company is also exploring opportunities in emerging markets such as India and Southeast Asia, where the demand for sustainable energy solutions is rapidly increasing. By diversifying its customer base and entering new markets, Enphase Energy, Inc. (NASDAQ:ENPH) aims to reduce the impact of regional challenges and drive continued growth.

Enphase Energy, Inc.’s (NASDAQ:ENPH) supply chain is heavily reliant on Chinese suppliers, making it vulnerable to disruptions in the U.S.-China trade relationship. To mitigate this risk, the company is diversifying its supply chain and exploring alternative sourcing options.