I am starting to think there is no faith in this company ever coming out of its hole. Clearly, there is no faith on management executing a successful strategy.
If their products are so advanced, their battery solution seems to be appealing to the market and overall, the industry is on the up and up the negative sentiment around enphase is more profound than I originally saw.
Where do we go from here?
They don't better pr's.
Analysts understands. If there is any hint of explosive growth down the road the stock price will appreciate in advance w/o the need of any pr.
What is going on is that the market doesn't believe it. And the market is probably right.
What they need to do, is to improve their numbers substantially. That is not a better pr. It is better management!
I feel sorry for you. I am long but as opposed to you I see risk here. The low price indicates this is a small company with difficulties gaining traction, with much better funded competitors. Management could make a difference but unfortunately their style of execution is not what is being called for.
So the low price is because there is NO demand for the stock. We are probably at a key point in which management must bring something very tangible to the table. Just a promise of orders for batteries will not do. Even if there is progress in sales of systems that may not be enough.
They really must cut costs, improve earnings visibility and achieve much bigger wins.
The main problem they have is their size. This is a microcap. If they had been a mid size company or a large one none of the above would have matter. But being so tiny they simply don't have room for error or future speculation of increased sales. At their stage their only solution is rapid growth. Much higher than at present.
Longs are always too optimistic. The way this is trading soon won't be able to break $1.75 or less. Too much pressure from machines bumping into a downward slope of resistance. A PR or significant news can break this pattern but management is incapable of none.
Can't do meaningful pr's. What's worse, can't accomplish anything of significance.
Best bet here is to short.
This is a specific Elon Musk move unrelated to the solar industry. I said it before and I say it again. This guy is shady and does shady, sleazy moves. I would not be surprised to see all his "empire" go down in flames one day.
What is missing in this conversation is that enph battery is system agnostic. Therefore, has a very wide installers' maket.
So even if the chip away a small chunk of the demand, it will be demand from the whole pie. Not just their brand.
Somewhat unrelated to enph. But higher shipments to US and Japan plus better margins did the trick. Probably good for the solar complex, in general.
almost delusional. This has never happened in the history of enph. The last large spike happened because of the extension by Congress.
Perhaps john_beings and the other Elon Muskeeteers will now be silent for a while. Even tesla's rescue is not helping solar cheaty.
1. They can't show a profit unless they work on that. And they have shown no willingness to do so by keeping RD at 27-30 millions.
2. If this goes down $2 that will be a gain of 100% to a short-seller. Given the above and given management has executed poorly in the past, the odds that equity will lose value are not bad.
3. As for upside risk, all it will take is partnering with someone who may open much bigger doors. They have not been successful at that. In fact, quite the opposite by losing large rooftop partners.
4. The only other upside risk would be finding a white knight who professes a vote of confidence on them. Like Brookfield just did with TERP. A large investment by a money manager, not a hedge fund, could mean future is solid and have seen things we haven't. I am afraid no money manager cares about an 80 million market cap company.
So while I am long I will reassess after this coming earnings report.
Awfully wrong. When will you learn sune is a scam devised to fool shareholders? blackrock will mak bank, management will make bank. You and I might get lucky with terp. But only on time.
Too bad for Jim Chanos. This effectively puts an end to his short. Axiom guys also had a price target on scty at $7. Clearly, they were on the winning side till today.
How many times has that happened in D court? It is a big gamble. Not good way of investing.
Battery sales? There are none. I thought they said shipments start -at best- in 3Q. What they may have is some vague assessment of potential sales. A promise, so to speak.