Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Enphase Energy ( (ENPH) ) has provided an announcement.
On or around January 20, 2026, Enphase Energy initiated a restructuring plan to align its cost base with softer near-term demand following the expiration of the U.S. 30% Residential Clean Energy Tax Credit at the end of 2025, as well as to sharpen its focus on core products and profitability. The plan includes cutting less than 6% of its global workforce, or about 160 employees, shifting some functions to lower-cost regions, adopting distribution-led sales in smaller markets such as Brazil, the Philippines and South Africa, and tightening spending while prioritizing R&D around its core microinverter, battery and software roadmap and scaling productivity through AI and automation. Enphase expects to record about $4.6 million in restructuring and asset-impairment charges, mostly in the first quarter of 2026, and aims to reduce non-GAAP operating expenses from roughly $80 million per quarter today to $70–$75 million per quarter starting in the third quarter of 2026, with the restructuring actions largely completed in the first half of 2026; the company has also outlined severance and transition support for affected employees, underscoring a bid to preserve product quality and customer service while reinforcing margin discipline in a cooling residential solar market.
The most recent analyst rating on (ENPH) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Enphase Energy stock, see the ENPH Stock Forecast page.
Spark’s Take on ENPH Stock
According to Spark, TipRanks’ AI Analyst, ENPH is a Neutral.
The score is driven primarily by solid profitability and improving leverage, but is held back by weak cash flow trends and modest revenue growth. Technicals are supportive with a positive trend and momentum, while valuation is only middling given a 24x P/E and no dividend. Earnings call commentary adds near-term risk due to guided Q4 and Q1 declines and Europe headwinds despite strong Q3 execution.
To see Spark’s full report on ENPH stock, click here.
More about Enphase Energy
Enphase Energy is a clean-energy technology company that designs and manufactures microinverter-based solar and battery systems, along with related software, serving residential and small commercial customers in global solar and energy storage markets.
Average Trading Volume: 7,075,487
Technical Sentiment Signal: Sell
Current Market Cap: $4.52B
For a thorough assessment of ENPH stock, go to TipRanks’ Stock Analysis page.