5 Best Beaten Down Stocks To Buy Now

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In this article, we will be taking a look at the 5 best beaten down stocks to buy now. To read our detailed analysis of the US stock market and recent developments within it, you can go directly to see the 13 Best Beaten Down Stocks To Buy Now.

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

Number of Hedge Fund Holders: 50

Enphase Energy, Inc. (NASDAQ:ENPH) is a semiconductor materials and equipment company based in Fremont, California. The company designs and develops home energy solutions for the solar photovoltaic industry.

Vikram Bagri at Citigroup maintained a Buy rating and a $170 price target on Enphase Energy, Inc. (NASDAQ:ENPH) on September 18.

We saw 50 hedge funds long Enphase Energy, Inc. (NASDAQ:ENPH) in the second quarter, with a total stake value of $772.7 million.

Here’s what Carillon Tower Advisers said about Enphase Energy, Inc. (NASDAQ:ENPH) in its second-quarter 2023 investor letter:

Enphase Energy provides solar microinverters and energy storage solutions. The company’s shares lagged benchmark counterparts amid concerns surrounding a near-term moderation in the growth of residential solar installation in the United States. Despite this, the company possesses a market-leading position in its core microinverter product and remains wellpositioned over the long term to benefit from ongoing solar adoption trends. Additionally, Enphase is focused on growing its international presence while also unveiling new products that could provide the next tailwind to its growth story.”

Follow Enphase Energy Inc. (NASDAQ:ENPH)

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