Jim Cramer Recently Discussed These 10 S&P 500 Stocks

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

Number of Hedge Fund Holders: 40

Enphase Energy, Inc. (NASDAQ:ENPH) is one of the stocks listed in our article, Jim Cramer recently discussed these 10 S&P 500 stocks. Cramer noted that the reason behind the stock’s decline is “political” and commented:

“Next, the second-worst performer in the S&P through June was Enphase Energy, that’s a solar power play, with the stock down 42%. Now this one is just political. The solar industry relies on tax credits, but the Big Beautiful Bill that just passed the Senate will cut those tax credits, starting in a couple of years. Doesn’t help that Enphase reported the latest in a long line of weak quarters in late April.

This was once one of the greatest growth stories around. Now, it’s basically untouchable as the fundamentals stink, and the regulatory backdrop is likely to get much worse for the company. Sadly, the solar industry’s become a partisan football.”

Enphase Energy (NASDAQ:ENPH) develops and markets smart energy solutions comprising microinverters, batteries, and software for solar power monitoring and control. The company offers energy storage products, electric vehicle charging equipment, cloud-based services, and assistance with system design and permitting.