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Enphase Energy, Inc. (NASDAQ:ENPH), SolarEdge Technologie (NASDAQ:SEDG) - Why This Enphase Energy Analyst Is Bullish Following Tesla-Driven Sell-Off

Enphase Energy Inc (NASDAQ: ENPH) and
Solaredge Technologies Inc (NASDAQ: SEDG) tumbling on concerns of new competition.
Yet BofA Securities analyst Aric Li said Tuesday that investors should be comfortable buying the dip in Enphase stock.
Competitive Risks: One of the biggest risks to the long-term bull cases for both Enphase and SolarEdge is more competition in the module level power electronics space, Li said in a note.
The two companies hold about 90% market share of the U.S. residential solar market, the analyst said.
Yet the new Tesla inverter is no direct threat to Enphase at this time, he said. ....

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