Billionaire Ray Dalio and Insiders Love These 5 Stocks

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This article presents an overview of Billionaire Ray Dalio and Insiders Love These 5 Stocks. For a detailed overview of such stocks, read our article, Billionaire Ray Dalio and Insiders Love These 10 Stocks.

5. Enphase Energy Inc (NASDAQ:ENPH)

Bridgewater Associates’ Stake: $2,969,582

Ray Dalio’s Bridgewater cut its stake in Enphase Energy Inc (NASDAQ:ENPH) by 76% in the fourth quarter of 2023, concluding the period with a $3 million stake. Thurman John Rodgers, a board member at Enphase Energy Inc (NASDAQ:ENPH), bought 32,600 shares of Enphase Energy Inc (NASDAQ:ENPH) at $122.76 on September 14, 2023. Since then through March 8 the stock has gained about 6%.

Aristotle Atlantic Large Cap Growth Strategy stated the following regarding Enphase Energy, Inc. (NASDAQ:ENPH) in its fourth quarter 2023 investor letter:

“We sold our position in Enphase Energy, Inc. (NASDAQ:ENPH) due to slowing demand for residential solar energy, primarily driven by rising interest rates and potentially increasing competition. During the second quarter earnings report in July, the company lowered its guidance for the third quarter microinverter, and we believed there was a heightened risk that Enphase would lower guidance again. We remain optimistic about Enphase’s competitive advantages over the long term in the residential solar energy market, but we prefer to wait for more apparent evidence of a rebound before considering a reinvestment in the company.”

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