7 Most Undervalued Solar Stocks to Buy Now

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

Number of Hedge Fund Holdings: 39

AQR Capital Management LLC expanded its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by a whopping 9,236.6%, according to the latest disclosure with the SEC. Following the acquisition of 684,157 shares, the firm now owns 0.53% of the company, translating to an investment of $41,483,000.

Although Enphase Energy, Inc. (NASDAQ:ENPH) faces risks such as expiring solar tax credits, fierce competition, and market uncertainty, the company remains GAAP profitable and sustains a net cash balance sheet. What’s quite interesting about the company is its focus on microinverters, a technology that is believed to deliver superior reliability in contrast to string inverters.

When 2027 begins, Enphase Energy, Inc. (NASDAQ:ENPH) is expected to start benefitting from softer year-over-year comparisons. As expectations build for interest rate cuts, the company’s rebound becomes more evident, fueled by the reignition of U.S. residential solar demand.

Enphase Energy, Inc. (NASDAQ:ENPH), headquartered in Fremont, California, is a provider of home energy solutions for the solar photovoltaic industry. Incorporated in 2006, the company is committed to bringing solar energy to the next level.