NASDAQ · Energy · Solar · US
Research · Sep 3, 2026
Enphase FY25 (Dec 31, 2025) at $1.47B revenue (+11%, off FY24 trough). NI $172M; EPS $1.29. Q4 GM 46.1% (Section 45X PTC support). Q1 FY26 guide $270-300M floor. H2 inflection on IQ9 microinverters, Battery 5G, NL/FR retrofits, IQ EV Charger 2.
Research · Apr 30, 2026
Europe's renewable energy transition is creating a critical national security vulnerability: the continent's solar and wind supply chains are heavily dependent on Chinese manufacturers of battery cells, inverters, and turbine components. Companies like Enphase and SolarEdge source LFP battery cells exclusively from China, while wind turbine makers source materials and components from Chinese suppliers. The exposure varies sharply across the industry, with solar inverter and storage companies facing the highest China dependency. If European governments implement domestic content requirements or tariffs to force supply chain diversification, companies with the highest China exposure will face significant margin compression.
Research · Apr 10, 2026
TotalEnergies and Masdar's $2.2B Asia renewables JV promises a supply chain boom for US solar firms. We rank FSLR, ARRY, ENPH, NEE, and BEPC as top beneficiaries, with FSLR leading on margins and tech fit. All poised for revenue uplift amid recent price dips.
