Summary: Enphase Energy is one of the largest American electrical vehicle (EV) charging station manufacturers and the company that pioneered commercial solar micro-inverters. Thanks to its solid track record and long-standing presence on the market, Enphase Energy is an enticing investment option for those looking to capitalize on the developments in the renewable energy industry. To buy Enphase Energy Stock, investors can make an account at online exchange platforms, such as eToro.
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About Enphase Energy
Enphase Energy (NASDAQ: ENPH) is an American company that specializes in designing, developing, and selling solar energy solutions. It was founded in 2006 in Fremont, California, and has since installed 63 million micro-inverters in more than 3.3 million homes across the world, solidifying its position at the top of the renewable energy industry.
Today, the company focuses on:
- Solar micro-inverters;
- Battery energy storage;
- EV charging stations.
How to buy Enphase Energy stock? Step-by-step process
Enphase has been a public company since March 2012, when it began trading on the NASDAQ with the ticker stock symbol ENPH. Since Enphase Energy is one of the most popular investment options for those looking to gain exposure to its sector, its stock is readily available on online exchange platforms such as eToro.
Step 1: Choose a broker
To buy Enphase Energy stock, you’ll first need to find a good broker and register a trading account. Different brokers cater to different kinds of investors by offering them different kinds of investment and analytics tools (e.g., some accommodate day traders, others accommodate passive investors, etc.). To find a broker with a set of features that will facilitate your financial goals and investment strategies, consider factors such as:
- Reputation;
- Commission fees;
- Security;
- Customer support;
- Trading tools;
- Market data accessibility;
- Fractional stock trading;
- Available trade options.
Our recommended broker that features Enphase Energy stock is:
1. eToro
- Commission-free stock trading;
- 2,000+ stocks, 17 different exchanges;
- Fractional shares;
- Ready-made investment portfolios;
- Social trading;
- User-friendly.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.
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Copy top-performing traders in real time, automatically.
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Regulated by financial authorities including FCA and FINRA.
Step 2: Research the company
When delving into an investment of any kind, conducting thorough research on the company whose shares you intend to buy is crucial. You can start by looking into the company’s fundamentals and conducting technical analysis in order to understand its financial health, business model, and overall performance.
Another valuable tool that will help you gain insight into market movements is stock chart analysis. By looking at charts, you can increase your chances of making well-informed decisions in the future and determining what an opportune moment to sell your stocks might be.
Enphase Energy is a publicly traded company, so all relevant information concerning its financial performance and revenue should be available to the public online. You should check their annual and quarterly reports to stay abreast of the competition. Moreover, try to keep a finger on the pulse of the market as a whole — individual stock prices develop on wider market trends and fluctuations just as much as they do on intra-company politics and developments.
Step 3: Decide how much you want to invest
The next crucial factor to consider is the amount of money you are comfortable investing. If you’re new to the market, it’s wise to avoid splurging and allocating large sums of money to your first trade. Instead, consider setting a portion of your investment fund aside as a safeguard against potential losses.
Furthermore, invest only what you can afford to lose. Investing inherently involves risks, and there are no guaranteed profits, no matter how favorable the market may look right now. Hence, it would be unwise to invest if your current financial situation is not favorable, for example, if you have significant financial obligations.
Note
Common mistakes to avoid when investing
New investors tend to make a wide array of trading mistakes, such as:
- Failing to research the company and the stock;
- Failing to diversify;
- Having no clear strategy and goal;
- Falling prey to the hype;
- Emotional investing;
- Not thinking long-term.
Step 4: Fund your account
Once you have chosen a broker, gone through the registration process, and determined your desired investment amount, you can fund your newly created brokerage account. Before proceeding, keep in mind that not all brokers offer the same payment methods.
Note
eToro offers multiple account funding options. You can directly link your broker and bank accounts, use credit cards, transfer funds via third-party payment services (e.g., PayPal, Skrill, Neteller), etc. However, it is worth noting that eToro does not accept prepaid cards.
Step 5: Place your order
Finally, once you’ve figured out how much you want to invest, you can start placing some orders. When purchasing stocks on platforms such as eToro, you’ll have several order options available at checkout:
- Market Order: Use this option if you wish to purchase stocks immediately at their current price (if they are available);
- Limit Order: Use this order option to buy stocks when their price reaches a certain limit or goes below it;
- Options Contract: Use this order if you want to buy stocks at a fixed price within a pre-determined time period.
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.
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Copy top-performing traders in real time, automatically.
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Regulated by financial authorities including FCA and FINRA.
Step 6: Monitor your investment
The constantly changing and volatile nature of the stock market makes daily fluctuations in stock prices unavoidable. For all prospective investors, diligent monitoring of their investments and their performance in the market is paramount. In other words, keeping track of Enphase Energy’s financial health, market competitiveness, and position, as well as emerging and popular market trends, is essential for fruitful decision-making.
Moreover, thinking long-term is the bedrock of every successful stock investment strategy. Try not to be disheartened by temporary price movements, even if they seem highly adverse.
Enphase Energy stock price today
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Enphase Energy stock
How to buy Enphase Energy stock?
To buy Enphase Energy stock, investors can make an account at an online exchange platform, such as eToro.
Is Enphase Energy a good investment choice?
Whether investing in Enphase Energy is a good idea will depend on your financial goals, risk tolerance, and current market conditions. In other words, it’s essential that you do thorough research to ensure your investment choices are well-informed.
What is the Enphase Energy stock symbol?
The Enphase Energy ticker symbol is ENPH.
Does Enphase Energy pay dividends?
No, Enphase Energy does not pay dividends.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.
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Copy top-performing traders in real time, automatically.
-
Regulated by financial authorities including FCA and FINRA.
