The energy market is in transition. Three early leaders of this transition are Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), SolarEdge Technologies (NASDAQ: SEDG), and Xcel Energy (NASDAQ: XEL). Brookfield Renewable is one of the world's largest renewable power producers.
Clearway Energy's (CWEN) four-quarter earnings and revenues fell short of estimates. The company expects lower volumetric sales at the Thermal segment through 2021 due to the pandemic.
Stocks of top solar component suppliers SolarEdge Technologies (NASDAQ: SEDG) and Enphase Energy (NASDAQ: ENPH) have also risen significantly in the last couple of years. In the last 12 months, though, Enphase Energy stock rose around 370%, outperforming SolarEdge's nearly 200% rise. Let's see what's driving Enphase Energy stock's recent outperformance and if it's a better buy right now.