Bloom Energy could look cheap if it hits its revenue targets amid exploding demand for on-site power. Revenue is projected at $4.5B in 2026 and $16B by 2029, implying 3.5x 2029 sales at a $56B market cap. It ranks alongside Forgent Power Solutions, perhaps better, as a buy at current levels. x.com  x.com 

Enphase and SolarEdge, dead home-solar stocks, have a credible path through a pivot to solid-state transformers, which @tailrisked calls the future of grid technology. It remains a very speculative play warranting only small positions. x.com 

Enphase's US home-solar demand still has not stabilized, delaying its potential home-power recovery to 2027. Q4 revenue guidance of $225-255M is about 20% below the Street at the midpoint, and guided gross margin falls to 40-43% from 45%. Higher electricity costs from AI demand could eventually favor homes generating and storing power; its IQ Battery 5G stores about 50% more energy and costs about 40% less to make. The next two quarters look tough. x.com  x.com 

Enphase is one of the most asymmetric opportunities in the market because the US is banning Chinese solar inverters and Enphase is one of the largest US inverter makers. Its new data center product also has 20+ customers lined up. A 15% drop from the morning's highs after the ban news looks like free money. x.com  x.com 

SolarEdge and Enphase are both best positioned for solid-state transformers, and both are mid-term accumulation candidates, with no preference yet between them. Per a post the author replies to, Enphase uses Infineon's GaN bidirectional switches for its SST. Their charts suggest the monster move can continue. x.com  x.com 

Enphase is still a business in contraction: Q2's sequential improvement came almost entirely from safe-harbor shipments booked ahead of tax-credit deadlines, not returning end demand. Those deals pull volume forward, and a tariff refund after the Supreme Court voided IEEPA tariffs flattered GAAP results one time. US revenue, the large majority, is still shrinking. The IQ Solid-State Transformer is an interesting second act, but one clean demand-driven quarter is needed first. x.com 

Bloom Energy's repeated revenue and EBITDA beats suggest its pullback will give way to another run soon. It raised 2026 guidance for the third time. Morgan Stanley raised its target to $335 and says Bloom targets revenue growth well above 100%, with backlog growing faster than sales and a path to more than 5 GW of capacity. x.com 

Bloom Energy alone can solve the electricity shortage for now. That warrants a high P/E, and its growth should be even stronger than the market expects. x.com 

Enphase looks expensive against its earnings, at 35x trailing and 16x next year's versus about 8x for solar companies. Applying 8x to next year's $2.27 EPS gives fair value of roughly $16.50-$21, and the stock trades 69% above the top of that range. The valuation leans on forecasts, with forward earnings 125% above trailing. This is a levels-only read from reported earnings and estimates, without fundamental work. x.com 

Enphase, SolarEdge and Fluence are being sold while their order books grow. Power consumption is expected to rise 65% in a year, yet these energy stocks fell 10% or more in a day; the market just does not see the demand yet. x.com