Enphase Energy is a leading developer of micro-inverters and has recently expanded into energy storage solutions as well. Microinverters are essential to solar energy development and can be found under every solar panel. Enphase's microinverters have been praised for their high-efficiency allowing Enphase to garner distribution partnerships in Europe, Asia, Africa, and the US - some even recently expanded to include energy storage solutions. With BNEF forecasts estimating a 122x increase in energy storage deployments from 2018 to 2040 and solar energy still only comprising just over 2% of energy generated in the U.S. - Enphase has access to several high-growth markets. Overall, Enphase's strong technology, large addressable markets, solid cash flows, and global partnerships put Enphase in a good position for long-term growth.