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

Core Insights - Enphase Energy, Inc. (NASDAQ:ENPH) is identified as one of the most undervalued solar stocks currently available for investment [1] - AQR Capital Management LLC significantly increased its stake in Enphase by 9,236.6%, acquiring 684,157 shares, which now represents 0.53% ownership valued at approximately $41.48 million [1] - Despite facing challenges such as expiring solar tax credits and intense competition, Enphase remains GAAP profitable and maintains a net cash balance sheet [2] - The company's focus on microinverters is highlighted as a competitive advantage, offering superior reliability compared to traditional string inverters [2] - Enphase's stock surged by 12.83% amid renewed discussions regarding clean energy credit cuts, indicating a potential rebound in U.S. residential solar demand [3] - The company is expected to benefit from softer year-over-year comparisons starting in 2027, particularly as interest rate cuts are anticipated [3] - Enphase Energy, based in Fremont, California, specializes in home energy solutions for the solar photovoltaic industry and has been operational since 2006 [4]