Unfortunately started a new shift at work and wasn't on during the live CC. I did get to listen in to the posted audio. Here is my most simple take on my view on the company. The company is seeing results from their cost reductions and pricing of excess inventory. They are seeing good results from their test beds related to the battery storage technology and expect to be in Hawaii by the last quarter of 2016. The credit facility recently taken, while terms aren't the best available, the company believes was nessecsary for operations and will be cheaper with increasing margins into 2017. The PG&E joint venture is not only exciting, but could propel ENPH much higher with additional agreements with other power distributors across the country. The company stated they are in talks with several PD's in several geographical regions of the U.S.
Not only did I hear what I needed to hear from their CEO, but the results and outlook for the rest of 2016 and the prospect of being in the positive will have me not only holding strong, but growing my position through 2016. The questions from the analysts weren't softballs, some dug deep into the company and the industry and were telling of what the company felt behind the scenes. The company had a good answer for each question, Paul especially was optimistic on their game plan and results and seemed much more confident than in the previous CC's from recent quarters. I have already added since the CC although just a few shares of the larger order. I plan on averaging down and hope to grow my holding by 25-50% through the end of the year.
Doubts have been addressed and I am now LONG and STRONG.
