5 Stocks with Consistent Growth

In this article, we will take a look at the 5 stocks with consistent growth. To read our analysis of recent market trends, you can go to 15 Stocks with Consistent Growth.

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

5-Year Average Sales Growth: 55.82%

Number of Hedge Fund Holders: 50

Enphase Energy, Inc. (NASDAQ:ENPH), based in Fremont, California, is a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems.

On October 30, Goldman Sachs analyst Brian Lee lowered the price target for Enphase Energy, Inc. (NASDAQ:ENPH) shares to $158 from $180 but maintained a ‘Buy’ rating. The target price represents a potential upside of 74.26% based on the share price on November 17.

As of Q2 2023, Enphase Energy, Inc. (NASDAQ:ENPH) shares were held by 50 of the 910 hedge funds tracked by Insider Monkey, valued at more than $773 million. Philippe Laffont’s Coatue Management was the largest hedge fund shareholder with ownership of 0.6 million shares valued at $687 million.