Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Enphase Energy reported its financial results for the first quarter of 2025 with revenue amounting to $356.1 million.</li><li>This marked a decline from the previous quarter, largely attributed to typical seasonal patterns and reduced customer demand in the U.S., aggravated by financial challenges faced by a national lease provider.</li><li>Of this revenue, approximately $54 million was attributed to safe harbor agreements.</li></ul>

Enphase Energy reported its financial results for the first quarter of 2025 with revenue amounting to $356.1 million.This marked a decline from the previous quarter, largely attributed to typical seasonal patterns and reduced customer demand in the U.S., aggravated by financial challenges faced by a national lease provider.Of this revenue, approximately $54 million was attributed to safe harbor agreements.

Enphase Energy: Is Its Focus On Increasing Battery Efficiency and Cost Reduction Paying Off?

<ul><li>Enphase Energy's financial performance for the fourth quarter of 2024 provides a comprehensive view of the company's operational strengths and challenges.</li><li>Enphase reported quarterly revenue of $382.7 million and shipped approximately 2 million microinverters and 152 megawatt-hours of batteries.</li><li>These figures reflect strong sales, particularly of microinverters, although battery sales saw a decrease compared to the previous quarter.</li></ul>

Enphase Energy's financial performance for the fourth quarter of 2024 provides a comprehensive view of the company's operational strengths and challenges.Enphase reported quarterly revenue of $382.7 million and shipped approximately 2 million microinverters and 152 megawatt-hours of batteries.These figures reflect strong sales, particularly of microinverters, although battery sales saw a decrease compared to the previous quarter.

Enphase Energy: Advancements in Inverter Technology to Reinforce A Robust Market Position!

US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

Interactive Brokers Group, Inc / Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/interactive-brokers-group-inc" target="_blank" data-smartkarma-citation="entities:13335:1" rel="noopener">Interactive Brokers (IBKR US),</a><a href="https://www.smartkarma.com/entities/duolingo-inc" target="_blank" data-smartkarma-citation="entities:33531:1" rel="noopener">Duolingo (DUOL US)</a> and <a href="https://www.smartkarma.com/entities/emcor-group-inc" target="_blank" data-smartkarma-citation="entities:20703:1" rel="noopener">EMCOR (EME US)</a> are the main candidates for addition at review to replace <a href="https://www.smartkarma.com/entities/enphase-energy-inc" target="_blank" data-smartkarma-citation="entities:8872:1" rel="noopener">Enphase Energy (ENPH US)</a> and <a href="https://www.smartkarma.com/entities/caesars-entertainment-corp" target="_blank" data-smartkarma-citation="entities:15532:1" rel="noopener">Caesars Entertainment (CZR US)</a>. </li>
<li>
<a href="https://www.smartkarma.com/entities/cheniere-energy-inc" target="_blank" data-smartkarma-citation="entities:16683:1" rel="noopener">Cheniere Energy (LNG US)</a> and <a href="https://www.smartkarma.com/entities/applovin-corp" target="_blank" data-smartkarma-citation="entities:32989:1" rel="noopener">AppLovin (APP US)</a> are the main candidates for the replacement of the acquisition of <a href="https://www.smartkarma.com/entities/ansys-inc" target="_blank" data-smartkarma-citation="entities:15473:1" rel="noopener">Ansys (ANSS US)</a> which is anticipated end of June.</li>
<li>There is a possibility of zero S&amp;P500 changes at the review due to candidates scoring low in market cap and sector balance.</li>
</ul>



Interactive Brokers (IBKR US),Duolingo (DUOL US) and EMCOR (EME US) are the main candidates for addition at review to replace Enphase Energy (ENPH US) and Caesars Entertainment (CZR US). 

Cheniere Energy (LNG US) and AppLovin (APP US) are the main candidates for the replacement of the acquisition of Ansys (ANSS US) which is anticipated end of June.
There is a possibility of zero S&amp;P500 changes at the review due to candidates scoring low in market cap and sector balance.


S&P500 June 2025 Review Forecast: Weak but Interactive, Time for Duolingo?

<ul><li>Enphase Energy has presented its third quarter results for 2024, showcasing financial and operational highlights that reflect the company's strategic maneuvers and market dynamics.</li><li>During this period, Enphase reported a robust revenue of $380.9 million, underscoring a shipment of approximately 1.7 million microinverters and 172.9 megawatt hours of batteries.</li><li>This has contributed to a free cash flow generation of $161.6 million.</li></ul>

Enphase Energy has presented its third quarter results for 2024, showcasing financial and operational highlights that reflect the company's strategic maneuvers and market dynamics.During this period, Enphase reported a robust revenue of $380.9 million, underscoring a shipment of approximately 1.7 million microinverters and 172.9 megawatt hours of batteries.This has contributed to a free cash flow generation of $161.6 million.

Enphase Energy Inc.: Enhanced Product Offerings & Cost Reductions Can Lead To Margin Expansion! - Major Drivers

<ul><li>Enphase Energy reported solid financial outcomes for the second quarter of 2024, driven by robust demand for its products and effective inventory management.</li><li>The company achieved a revenue of $303.5 million, reflecting shipments of approximately 1.4 million microinverters and 120 megawatt-hours of batteries.</li><li>This performance was supported by an overall end market demand valued at around $396 million for the quarter.</li></ul>

Enphase Energy reported solid financial outcomes for the second quarter of 2024, driven by robust demand for its products and effective inventory management.The company achieved a revenue of $303.5 million, reflecting shipments of approximately 1.4 million microinverters and 120 megawatt-hours of batteries.This performance was supported by an overall end market demand valued at around $396 million for the quarter.

Enphase Energy: Expansion into New Geographical Markets & 5 Pivotal Factors Driving Its Performance In 2024 & 2025! - Financial Forecasts

United States

Enphase Energy Inc. manufactures solar power solutions. The Company offers solutions to increase productivity and reliability of solar modules.

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Enphase Energy (ENPH US)

Enphase Energy: Is Its Focus On Increasing Battery Efficiency and Cost Reduction Paying Off?

Enphase Energy reported its financial results for the first quarter of 2025 with revenue amounting to $356.1 million. This marked a decline from...

Baptista Research

Enphase Energy: Advancements in Inverter Technology to Reinforce A Robust Market Position!

Enphase Energy's financial performance for the fourth quarter of 2024 provides a comprehensive view of the company's operational strengths and...

Baptista Research

S&P500 June 2025 Review Forecast: Weak but Interactive, Time for Duolingo?

No index changes materialized, and the candidates are weak indeed. Nonetheless, I still expected eligible midcap constituents to replace CZR and/or...

Dimitris Ioannidis

Enphase Energy Inc.: Enhanced Product Offerings & Cost Reductions Can Lead To Margin Expansion! - Major Drivers

Enphase Energy has presented its third quarter results for 2024, showcasing financial and operational highlights that reflect the company's...

Baptista Research

Enphase Energy: Expansion into New Geographical Markets & 5 Pivotal Factors Driving Its Performance In 2024 & 2025! - Financial Forecasts

Enphase Energy reported solid financial outcomes for the second quarter of 2024, driven by robust demand for its products and effective inventory...

Baptista Research

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