Sep. 18 at 4:38 PM
$ENPH
Few scenarios I see playing out from worst to best. You can choose what you think is most likely:
(1) No SST, no policy tailwinds. We got faked out and 2027 ends up being bottom for margins/revenue rather than 2026 (which is what current estimates suggests). PT
$25
(2) No SST, more favorable policy from midterms. 2026 turns out to be bottom, commercial storage and solar business returns us to high single digit, low double digit growth. PT
$45-55
(3) SST Pilot Customer, more favorable policy from midterms. Shorts so screwed. PT:
$150+