ENPH Stock (Enphase Energy) was trading at $7.65 per share in February 2019. Today they are growing rapidly; Each share is now worth over $120, an incredible return of 1,500% in just five years!
It has been a great journey and very rewarding for investors who were lucky enough to buy Enphase and hold it safely. A $10,000 investment in Enphase in February 2019 would now be worth more than $150,000.
We analyze Enphase’s stellar five-year performance and what has driven such amazing gains in this article.
The Solar Tech Innovators
Enphase Energy is a leading solar technology company that manufactures solar monitoring software and microinverters. Enphase microinverters are installed on each solar panel, not the entire solar array, like traditional inverters. This discovery simplified installation, increased reliability and performance of solar systems.
Enphase established itself as the world’s most trusted solar technology company as solar energy adoption accelerated. Enphase is perfectly positioned to take advantage of the strong industry tailwind, because of its amazing energy management technology and microinverters.
Rapid Revenue Growth in a Booming Industry
As household and business adoption of rooftop solar took off, Enphase enjoyed tremendous revenue growth:
- 2019 Revenue: $624 million
- 2020 Revenue: $774 million (24% increase)
- 2021 Revenue: $1.38 billion (78% increase)
- 2022 Revenue: $1.82 billion (32% increase)
With revenues doubling between 2019-2021 and continued expansion due to the launch of new products in 2023-2024, Enphase has been firing on all cylinders.
Enphase represented an attractive investment in a high-growth technology market, especially considering the infinite future potential of solar energy in global energy conservation.
Game-Changing Product Innovation
Enphase has driven unprecedented self-growth thanks to its continuous product innovation, linked to the growing demand for solar panels.
Enphase’s IQ8 solar microinverter launches in March 2021. IQ8 technology, unlike previous microinverters, gives solar systems the ability to generate clean electricity during grid outages. This amazing capability increased the installation demand and created huge consumer attraction.
Enphase also introduced its Ensemble energy management technology in 2020, which combines energy storage, management and electric vehicle chargers with microinverters. Analysts forecast massive new revenue for Enphase given its ability to make homes smarter, simpler and more sustainable.
FOMO Fuels Immense Stock Gains
Stock revaluation triggered as revenues fall sharply in 2019–2022, causing major FOMO among investors.
By 2021, Netflix’s revenue increased from $624 million in 2019 to $1.38 billion. But during this time the stock price increased nearly 20-fold, from less than $8 to $145 per share.
Enphase beat forecasts for revenue of $1.82 billion in 2022, growing 32% year over year despite macroeconomic headwinds. Enphase continued their sudden meteoric rise.
5-Year Share Price Performance for Enphase:
- Feb-2019: $7.65
- Feb-2020: $59.25 (675% Increase)
- Feb-2021: $189.75 (2,280% Increase)
- Feb-2022 $157.44 (1,957% increase)
- Feb 2024: $122.47 (1,500% Increase)
Enphase turned every $10,000 invested into over $150,000 between 2019-2024, fueled by its incredible financial results and new industry-leading products entering orbit.
Key Takeaways: Why Enphase Created Life-Changing Wealth
For investors who quickly recognized the potential of Enphase Energy’s innovative solar technologies, fast-growing markets and massive revenue expansion, the rewards have been truly life-changing.
Key reasons why Enphase stock grew over 1500% in 5 years:
- Prime Positioning as Solar Power Market Leader
- Best-in-Class Products Creating Competitive Advantages
- Nearly Unlimited Market Growth Potential
- Consistently Exceeding Financial Forecasts
- New Ground-Breaking Product Launches
The Next Hot Clean Energy Stock?
Enphase has grown incredibly over the past five years. Although future profits cannot be guaranteed, the company is poised for continued growth.
With Enphase Energy leading the sustainability revolution, ENPH could become the next red-hot clean energy stock delivering immense investment returns from further innovations and strong execution.
Investors need to consider something to generate long-term income. The past five years have demonstrated perfectly what is possible in a rapidly growing field like solar energy.