| | | This is not a recommendation. My last one cured me. Head is still in the toilet.
Just maybe something to think about, or check into.
I have a pet peeve about people that leave stuff out, or don't report the bad, like they are super investors.
Here is my loss for the day: $53,009. Pretty sure my machine shop buddy changed underwear numerous
times today. He added 5 ENPH at $165, and if texts could cry, my phone would be under water.
He beat the market by 15% last year, and now in a short time, the world is coming to an end.
I believe it is well established that I am crazy. Must be for buying more ENPH today.
It isn't like it was alone, as SEDG fell over 8% without downgrade help.
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Enphase Energy (ENPH -11%) is today's biggest loser on the S&P 500 after Bank of America downgrades
shares to Neutral from Buy with a $187 price target, slashed from $297, following the company's recent
analyst day, which highlighted efforts to diversify beyond its core microinverter sales "but affirmed
our concerns of a slower transition than perceived."
BofA's Julien Dumoulin-Smith sees 2022 as a transition year, "as Resi storage efforts principally and
[management] entrenches itself with long-tail installers to ensure a pathway to sustained and
potentially ever higher margins."
"Enphase recently acquired Clipper Creek, an electric vehicle charging solutions company. It is expected to
sell roughly 20,000 chargers in 2021, reflecting $20 million in revenue. This suggests "some of the growth
may be back-end loaded, which bring sobriety to our 2022/23 projections," he added."
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The market is a daily weighing machine. That is just the way it is.
Sometimes it seems that everybody is in the solar power game, but they have differentiated themselves.
Not much argument that they have the best inverters. AC off the panel, unlike Tesla DC starting fires on
Walmart roofs.
They have made customer service their number one priority. They always track wait times on their phone calls.
The CEO: " I talked about 5.5 minutes wait time. I'm not happy about it."
If you want to install Enphase, they need to certify you first. Guess they figure to let the crappy installers
install others products.
Just started battery shipments in Sept. but it is slowed by shipping problems currently. They have been
spending money expediting inverters, which they will save when things get back to normal, but it is too
expensive and a safety issue with batteries. Should also open up.
Dec. just started shipping the only inverters made to be totally off grid. The possibilities seem endless.
Lots of expansion to control and improve the whole process/experience is going to cost short term evidently.
About the only thing they don't do yet it make panels. You never know.
They have made it ENPH from start to finish. With their recent company buys, after installers pass on the
needed information, a system can be specked out and priced, by them, for their installers. in 24 hours.
They know what permits are needed where, and can handle that for customers/installers. Supply their own
different sized battery storage systems. Now, with Cripple Creek, they can just install your car charger for
you while they are there. People wanting car chargers are going to be asked, why don't you just go
with solar and a battery, and not pay the utility to charge your car every month. Most of this is talked
about/explained on their last analyst day call.
They do have debt, but mostly low cost, and had a billion in cash last quarter. There was mention of
possibly buying back stock, but I doubt that happens. They are in growth mode.
Last quarter: "and generated strong free cash flow of $100.7 million"
Maybe it is two years until I am selling todays buys off. I can wait.
TIKR is free with registration:
Last earnings call: ENPH $157.20 -$21.08 -11.82% - TIKR Terminal
Nov. 16 investor day: ENPH $157.20 -$21.08 -11.82% - TIKR Terminal |
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