Is Enphase Energy Stock a Buy Now?

Third-quarter results showed an improvement in Enphase Energy's (NASDAQ: ENPH) business and how well the capital-light model is serving the company. But as solar energy gets more competitive, is the stock a buy at this price? Travis Hoium digs into the numbers in this video.

*Stock prices used were end-of-day prices of Oct. 28, 2024. The video was published on Oct. 28, 2024.

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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.