Dec. 17 at 3:36 PM
$ENPH
Financial condition –
$ENPH
Still profitable
Positive cash flow
Cut expenses early
Maintains strong balance sheet
Not in survival mode
This is a company that has gone through a crisis – not one that breaks down
$SEDG
Heavy losses
Burning cash
Huge inventory write-offs
Widespread layoffs
Uncertainty about the pace of recovery
The market asks: When will this end? – and there is no clear answer
Management and credibility
$ENPH
Veteran management
Relatively transparent communication
Cautious forecasts (and therefore fewer negative surprises)
$SEDG
Severe surprises in reports
Missed forecasts
Loss of analyst confidence
Failed inventory management in the recent past
In the capital market, trust = money.
buy =
$ENPH
sell=
$SEDG
