It’s a chilly morning on November 21, 2025. The Enphase microinverters on my roof are humming—a reliable, silent machine that confirms, day in and day out, why I believe in this company. My investment thesis has always been rooted in the M250 and Enlighten monitoring: the superior architecture of panel-level independence and granular visibility. This isn't just a stock; it's a product I trust.
But conviction, as the last year has shown, is worthless without tactical execution.
My trade log for Enphase Energy (ENPH) is a painful map of buying in the euphoria of the $100s and battling the subsequent collapse caused by high interest rates and solar market headwinds. It’s a log defined by my use of the Downside Leveraged Strategy (D.L.S.).
D.L.S.: My Strategy of Discipline and Dry Powder
The D.L.S. is my personal signal for a specific maneuver: intentionally realizing a capital loss with the conviction that the market will drive the price even lower. The goal is twofold: Tax-Loss Harvesting (using the loss to offset other gains) and the Redeployment of Capital to repurchase the same high-quality asset at a much deeper discount.
The execution, however, is governed by a singular, rigid master: the IRS Wash Sale Rule. This rule forbids claiming a loss if the stock is repurchased within the 30 days before or after the sale date. To make D.L.S. effective, discipline is everything. You have to endure the possibility of missing a rebound to ensure the tax benefits are secure.
Looking back at the log reveals a period of intense financial and psychological pressure:
| Date | Action | Price | Trade Log Notes |
| Feb 26, 2025 | Sell | $65.60 | D.L.S. initiated. Took a harsh loss to capture the tax benefit. |
| Aug 28, 2025 | Sell | $37.56 | Wash Sale Harvesting Losses. A tactical retreat at a much lower price, creating dry powder. |
| Nov 13, 2025 | Buy | $29.90 | D.L.S. Re-entry. Successfully repurchased well outside the 61-day wash sale window. |
The key transaction was the August sale at $37.56. By successfully waiting out the 31-day period and buying back at $29.90 in November, the strategy was executed to near-perfection: the loss was secured, and the position was rebuilt at a $7.66 per share discount. This maneuver is exactly how you "rebound the investment"—you don't just wait for the price to rise; you lower your cost basis dramatically when the opportunity arises.
The Current Opportunity: $26.12
Today, the stock trades around $26.12. This is the price floor, where institutional analysts place their lowest estimates. The market is ignoring the operational recovery shown in the recent Q3 earnings (Net Income up 80% sequentially) and focusing solely on macro fear.
This is the ultimate test of the Peter Lynch thesis: The product is superior, the competitive moat (individual microinverters) is intact, and the stock is dirt cheap (trading at a P/E multiple below 20x). The company is financially healthy, capable of weathering the storm, and poised to capture market share once the solar financing environment improves.
I have successfully harvested my losses, and my capital is now ready. The hesitant question is whether the true D.L.S. move is finished. I believe the long-term bet remains solid. The current price level gives me the courage to continue adding small, strategic amounts, dollar-cost averaging back into a company I know makes the best product on the market.
This is a bet on technology over temporary turmoil. I’m patient, I’m positioned, and I have the best view in the world to confirm my conviction.
The Inevitable Upgrade: From Rooftop Shade to Refueling at Home
I’ve spent years immersed in the solar world, from managing an array with Enphase microinverters to tracking the financial shifts of the industry. The incredible truth that is often overlooked is the foundation we already have: an amazing, robust national electrical grid. This vast infrastructure isn't an obstacle; it's the partner that allows rooftop solar to seamlessly feed clean energy back to the community and provides the reliable backbone for the next great revolution: the electrification of transportation.
Solar, for me, is no longer just about generating electricity. It’s a multi-layered home upgrade. My panels provide a cooling shade canopy for the roof, significantly reducing the heat absorbed by my home in the summer—a kind of passive, free air conditioning. They protect the longevity of the shingles beneath them. And now, thanks to the sun, they fill up my cars.
Seeing The Ignorance Barrier
I am on my second electric vehicle now, and the profound ignorance in the general population still shocks me. The most frequent question? "Where do you charge your car?". My thought is usually, "You do have Electricity at Home?"!
But I, too, had a moment of ignorance. When I first bought an EV, a 2014 Nissan Leaf, I relied on a painfully slow 110-volt outlet. This works just fine for my Senior-Citizen Mother, who also sports an Electric Vehicle and charges at home with her car’s meager, roughly 1-amp Level 1 charger. (Contextual-Side-Note: That charger, technically, is an EVSE—Electric Vehicle Supply Equipment—and yes, it’s not just a fancy extension cord.) However, for my own daily driving, that slow pace was agonizing. Before I could truly unlock the car's potential, I had to embrace a bizarre contrast of high-tech and low-tech bureaucracy.
My first necessary step wasn't ordering the, "Charger," it was spending precious time getting a permit then being on hold with a 1-800 utility line marking number! Before I could bury a line to power a vehicle that’s literally ready for the future, I had to wait for guys with spray paint to confirm I wouldn’t sever a gas main or the fiber optic cable. That done, I rented a trencher—I know I do things many people wouldn't, as DIY electrical work, or digging a 3' deep 100-foot trench, is not for the faint of heart—but it’s certainly not that difficult. I ran a new line and installed a 20-amp, 240-volt breaker to power my 16-amp Level 2 EVSE. Funnily enough, that whole trenching and wiring job near my own parking spot was far more difficult than the simple EVSE installations I championed for my sister and mother. I now own my family's successful adoption of electric vehicles, and thankfully, it has proven to be problem-free thus far.
Back to the charger. The revelation wasn't the speed; it was the convenience. The single greatest benefit of an EV is the ability to "fill up" while you are where you were already heading: home. You are always, "ready to roll". The thought of stopping at a gas station, diverting my journey for 10 minutes to pump a dirty, volatile liquid, that is just gone after usage, feels like a relic of a bygone era. Those that know me are well aware I do own stock in Exxon Mobil and Chevron and I greatly appreciate everyone that still uses gasoline but I see the future. This has to be similar to when vehicles moved from steam engines to gasoline!
My personal advocacy recently hit a new milestone: my wife finally traded in her last gasoline vehicle—right after its final, begrudging oil change and tune-up—for an electric car as well. So now, we face the monumental challenge of charging two cars with a single 16-amp, 240-volt EVSE. And for all the naysayers opposing the course of electrification, here is the simple truth: our existing charger offers plenty of speed. Because charging is a nightly habit, not a destination stop, both of our electric vehicles are consistently full and ready to go every single day. The perceived "problem" of a two-car electric household dissolves instantly when you realize you charge for hours while sleeping, not minutes while waiting. The only thing we occasionally manage is the plug-in schedule, which takes about five seconds a night. The biggest question we face now is whose turn it is to plug in the car, not whose turn it is to stop at a gas station.
Beyond the fueling itself, the convenience extends to the complete elimination of a maintenance headache. My first EV ran for 11 years and I barely touched its brakes. My new EV- a Newer Model Nissan Leaf with a much larger EV-Battery (Go big, it's worth it) and my Wife's Tesla, with their highly refined regenerative braking, rarely requires us to depress the brake pedal at all. Lift the accelerator past a certain point, and the car slows, brake lights illuminate, and the battery is recovering energy instead of wasting it as transformed heat and dust. I fully expect the brakes on our new cars to last its entire lifetime.
As someone who has worked in transportation, I’ve seen firsthand the sheer volume of used oil and fluids that garages produce and send for recycling. That used oil, transmission fluid, and fuel system waste, if improperly handled, can contaminate millions of gallons of freshwater. The entire combustion engine ecosystem is built on the continuous creation of toxic waste. An EV, powered by solar, is a fundamentally cleaner, more efficient, and more enjoyable machine.
My wife and I love the extended range and superior features of her new Tesla, which only deepens my desire for more solar panels. The whole system—rooftop generation, home charging, and regenerative braking—is a beautiful, closed loop of efficiency that provides not just power, but profound philosophical satisfaction. We are actively eliminating the need for a convoluted, wasteful logistics chain: no more trucks transporting crude oil, no more trains carrying oil, no more smaller trucks delivering refined products to massive storage tanks buried beneath parking lots, and no more pumps dispensing that finished product into our cars, only for it to be expelled into the air and gone forever. Instead, our fuel comes from the sun and is largely stored and utilized right here at home. My wife, thankfully, has the added luxury of charging at both home and at work, which made the transition for her seamless and easy. As I said earlier, when your family follows your lead, you own their decision, and seeing her embrace the superior convenience of the electric lifestyle is the ultimate vindication of this entire solar-EV endeavor.
But this future must be equitable. I constantly question the millions who live in apartment complexes or rent. They are at the mercy of their landlords to provide the infrastructure. While solutions like shared Level 2 charging stations and new initiatives exist to help renters and building owners navigate installation, this remains the biggest hurdle for mass adoption. We have the technology, we have the grid, and we have the will; we must now ensure that the economic and environmental benefits of solar-powered EV driving are not reserved solely for those who own their roof and driveway.
My wife's new Tesla only confirms what I've learned from my own EV journey: it is, by far, the superior electric car for long-distance travel. This capability isn't just about range (though the range is excellent); it's about the entire ecosystem. The tightly integrated navigation system is a game-changer, automatically plotting charging stops, pre-conditioning the battery for maximum speed, and eliminating the stress of range anxiety. When you're on the road, that speed of charging at the Supercharger network—adding hundreds of miles in minutes—is simply unmatched. Now, with the new models rolling out bidirectional charging (Vehicle-to-Home, or V2H), our EV is no longer just a car; it's a massive battery that can power our house during an outage. This innovation completely closes the loop, allowing us to generate power on the roof, fill the car, and use the car to power the home. It is a level of integrated energy management that no gasoline vehicle could ever dream of achieving.
The sum of all this experience—from the high-efficiency pulse of the microinverters on my roof to the near-zero maintenance simplicity of our two EVs—makes the future crystal clear. It is a future where we make our own energy, relying on the sun as the inexhaustible source. Rooftop solar makes this all capable, bringing with it the added practical, undeniable benefits of roof preservation and contributing to the thermal envelope of the house. We are not just buying electricity; we are buying a closed-loop system of independence, efficiency, and environmental responsibility. Now, staring at the historically low price of Enphase stock, the decision is less about market timing and more about conviction. Do I put my money where my roof is? Do I trust the superior technology I installed and monitor daily to ultimately win out against temporary macroeconomic turbulence? The product quality is unmatched. The technological trend is inevitable. For me, recommitting to Enphase isn't just a stock trade; it's the final, necessary investment in the electric future I’ve already built in my driveway. The decision, when framed by my solar array and the hum of my EV charger, practically makes itself.