AQR Capital Expands Enphase Energy, Inc. (ENPH) Holdings to 0.53%

Enphase Energy, Inc. (NASDAQ:ENPH) is among the most undervalued solar stocks to buy now. 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.

While we acknowledge the potential of ENPH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.