11 Oversold Growth Stocks to Buy Now

2. Enphase Energy, Inc. (NASDAQ:ENPH)

RSI: 34.55

Estimated average analysts’ upside: 33.49%

Last 5 years revenue CAGR: 25.50%

Number of Hedge Fund Holders: 39

​Enphase Energy, Inc. (NASDAQ:ENPH) is an energy technology company specializing in microinverter-based solar-plus-storage systems. Its core products are centered around solar energy management for residential and commercial customers – think of microinverters and batteries. ENPH’s systems are compatible with most solar panels, which makes it one of the leaders in the market. The company also offers electric vehicle charging solutions through its ClipperCreek brand.

Enphase Energy, Inc. (NASDAQ:ENPH) reported Q1 2025 revenue of $356.1 million, representing 35% YoY growth. The company’s US and international revenue mix was 74% and 26%, respectively, with US revenue decreasing 13% QoQ due to seasonality and softening demand, while European revenue increased 7%, driven by FlexPhase battery shipments in Germany. The company faced challenges from new tariffs, particularly on batteries sourced from China, which is expected to impact gross margins by 2% in Q2 2025 and 6-8% in Q3 2025, though they plan to fully offset this impact by Q2 2026 through supply chain diversification efforts.

Looking ahead, Enphase Energy, Inc. (NASDAQ:ENPH) is focusing on several growth initiatives, including the launch of its fourth-generation battery system, which delivers the lowest installation cost of any ENPH solar plus battery solution to date. The company is expanding its served available market in Europe with the introduction of the FlexPhase battery with backup, IQ EV charger, and the upcoming IQ Balcony Solar Kit. Additionally, they are preparing to launch the IQ9 microinverter powered by GaN technology in Q4, which is expected to unlock a 10-gigawatt opportunity in commercial solar while driving cost per watt improvements across their residential business. With President Trump hinting towards potentially reversing previous tariffs on China, ENPH represents one of the oversold stocks to consider at currently depressed prices.