Enphase Energy Inc

ENPH: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$23.00	Qzpk	Mmbjvwjd

Sunrun Expands Into Products With Investment in Home Electrification Startup

Brett Castelli

Aug 24, 2022

On Aug. 24, Sunrun announced its investment in Lunar Energy, a startup looking to develop products targeting whole home electrification. We maintain our $34 fair value estimate for Sunrun as we await further disclosure regarding its Lunar investment. In addition to its relevance for Sunrun, we see the announcement as potentially relevant for SolarEdge and Enphase over the longer term.

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