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Diving in, the company saw its revenue increase by 48% to $495.8 million. Besides that, it saw a 27% growth in its Solar Energy Capacity Installed in the first quarter, exceeding its guidance. Sunrun also grew its customer base by 20%, now totaling 689,774 customers as of March 31, 2022. For the rest of the year, the company expects its Solar Energy Capacity Installed Growth to be 25% or more, an increase from its prior guidance of 20%. Considering Sunrun's performance, is RUN stock worth adding to your watchlist?


SolarEdge offers an inverter solution for a solar photovoltaic system. Its products include SolarEdge Power Optimizer, SolarEdge Inverter, SolarEdge Solutions, and SolarEdge Monitoring Software. It is noteworthy that the company's power optimizers provide module-level maximum power point tracking and real-time adjustments of current and voltage to the optimal working point of each PV module.

Earlier in the month, SolarEdge announced its first-quarter financial results. Diving in, it reported a record revenue of $655.1 million, up 62% from $405.5 million in the same quarter last year. Its solar segment, which makes up most of its revenue, brought in a record $608 million, an increase of 62% year-over-year. Moving on, net income came in at $68.8 million in the past quarter, rising 24% from $55.5 million. Diluted earnings per share were $1.20, up from $0.98 in the same quarter last year. All things considered, should you add SEDG stock to your portfolio?

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Enphase Energy

Enphase is a renewable energy company that designs and manufactures home energy solutions. It is a global energy technology company and also the world's leading supplier of microinverters-based solar storage systems. With its smart and easy-to-use solutions, the company connects solar generation, storage, and energy management into one intelligent platform. Enphase's semiconductor-based microinverters convert energy at the individual solar module level and bring a system-based approach to solar energy management.

Late in April, the company reported better than expected results for its first quarter. Its revenue came in at $441.3 million, exceeding the $420 to $440 million the company forecasted last quarter. Additionally, this signals a revenue growth of 46.2% compared to the same period last year. Besides that, Enphase raked a net income of $51.8 million, up by 63.5%. Accordingly, diluted earnings per share were $0.37 compared to $0.24 in the year prior. For its second-quarter outlook, it foresees revenue to range between $490 million to $520 million. Given the solid quarter, should you buy ENPH stock?

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