Enphase Energy Inc

ENPH: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$37.00	Psc	Rjrqlszl

Enphase Earnings: Shares Rise on Prospects of Inventory Destocking Nearing Its End

Brett Castelli

Feb 7, 2024

We maintain our $75 fair value estimate for no-moat Enphase Energy following the company's fourth-quarter results. We continue to have Enphase near the top of our clean energy watchlist, but await a more attractive entry point.

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