ENPH downward trend may be breaking
There's a fair amount of risk, but I am willing to give a long a try. I like ENPH as a leader in solar technology, and I believe that there are years of growth ahead for that industry. After several years of consistently negative ROIC, things started to turn around for the company in 2019. Management telegraphed a difficult environment for 2024. So, I fully expect some turbulence ahead, but the stock is still down by almost 2/3 from its ATH. If the company can maintain the profitability of the last few years going forward, then the current price is a great deal.
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