In the short video discussion below, I discuss Enphase's strong Q3 results which beat sales estimates and guidance also came in above consensus. The company released a new chip, the IQ8, which should drive strong demand for Enphase's products going forward. Furthermore, Enphase has also ramped up purchasing of raw materials, which supports management's statements that they anticipate elevated demand going forward. The raw material purchases signal that the company will soon ramp production of its new products, leading to higher sales going forward.

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Looking forward, Enphase has amble room for growth as its new technology will drive demand for the next few quarters. Management expects the IQ8 ramp to take about four to six quarters, which provides support for sales growth well into 2023. On top of the strong growth going forward, Enphase is also highly profitable and cash flows are positive and growing fast. Enphase's strong growth, profits and cashflows position the company well to continue to take share in the growing solar industry. Watch the short video below to find out more!