Enphase Energy Inc
ENPH: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$45.00 | Wmwn | Dtptbxdrl |
Residential Battery Adoption in Europe Exceeds United States
Rising adoption of residential batteries represents a secular growth driver for our solar inverter coverage, Enphase and SolarEdge. Batteries accounted for approximately 12% and 1% of revenue for Enphase and SolarEdge in 2021, respectively, but we expect this to rise to 21% and 20% in 2026.