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Enphase Energy Inc ENPH Stock Quote

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Morningstar‘s Stock Analysis ENPH

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California's Revised Rooftop Solar Proposal Appears To Be a Win for Solar Industry

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

On Nov. 10, California's utility regulator released a new proposed decision related to the closely watched net energy metering, or NEM, 3.0 debate. The new proposal appears to be a win for the rooftop solar industry relative to the original proposal in December 2021. We maintain our fair value estimates as we digest the details and await a final decision, which could come as soon as next month. We view much of our rooftop solar coverage as fairly valued following sharp upward share price moves.

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Key Statistics ENPH

Company Profile ENPH

Business Description

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

47281 Bayside Parkway
Fremont, CA, 94538
T +1 877 774-7000
Industry Solar
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 2,260

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