Graham Stephan Stock Portfolio: Top 11 Stocks

9. Enphase Energy Inc. (NASDAQ:ENPH) 

Earlier this month, Graham Stephan appeared on The School of Greatness podcast with Lewis Howes and discussed his investments with Enphase Energy Inc. (NASDAQ:ENPH) featured in the conversation. Stephan talked about building a million dollar portfolio from nothing. According to Shortform, the investor views stock picking as risky speculation, recounting a costly lesson from investing in individual stocks and losing money. However, he also noted that his portfolio saw individual successes with Tesla and Enphase, and he now kept individual stocks as a tiny portion of his portfolio, recommending diversified index funds to prevent any single misstep from jeopardizing overall wealth.

Enphase Energy Inc. (NASDAQ:ENPH) reported Q1 2026 revenue of $282.9 million, slightly topping consensus forecasts of $281.9 million. The non-GAAP adjusted EPS came in at $0.47 per share, beating market projections of $0.43 to $0.44. The firm remains a cash flow machine. Despite navigating a temporary revenue drop of 28.6% year-over-year due to domestic macro tightening, Enphase Energy generated a powerful $102.9 million in net operating cash flow and $83 million in pure free cash flow, proving that the asset-light manufacturing model it operates has remained structurally profitable during industry downturns.

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