5 Stocks to Sell Now According to Julian Robertson’s Hedge Fund

In this article, we will look at 5 stocks to sell now according to Julian Robertson’s hedge fund. If you want to see other stocks discarded by the legendary investor and hedge fund manager, you can go to 10 Stocks to Sell Now According to Julian Robertson’s Hedge Fund.

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

Number of Hedge Fund Holders: 57

Enphase Energy, Inc. (NASDAQ:ENPH) is a leading home energy solutions provider for the solar photovoltaic industry in the United States and internationally. Analysts are bullish on the stock. On May 2, Truist analyst Bronson Fleig assumed coverage of Enphase Energy, Inc. (NASDAQ:ENPH) with a Buy rating and a $205 price target. However, Julian Robertson’s Tiger Management sold its stakes in the company and discarded Enphase Energy, Inc. (NASDAQ:ENPH) in Q1 2022.

By the end of Q1 2022, 57 hedge funds were bullish on Enphase Energy, Inc. (NASDAQ:ENPH). The total stakes of these hedge funds were estimated at $749.49 million, down from $763.28 million in the previous quarter with 50 positions.

ClearBridge Investments mentioned several companies in its “Sustainability Leaders Strategy” first-quarter 2022 investor letter, one of which was Enphase Energy, Inc. (NASDAQ:ENPH). Here is what experts at ClearBridge think about the stock:

“Enphase Energy (NASDAQ:ENPH) is a key solar holding that should be able to take advantage of greater incentives for solar installations in many geographies. The company was also a strong contributor for the quarter, overcoming pressures of a higher discount rate on their strong projected future earnings, raw material inflation and supply chain challenges as their long-term value was reaffirmed.”