Enphase Energy Inc (ENPH)
NASDAQ:ENPH
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ENPH Stock Chart & Stats
$32.48
-$3.41(-4.64%)
At close: 4:00 PM EST
$32.48
-$3.41(-4.64%)
Day’s Range― - ―
52-Week Range$25.78 - $73.74
Previous CloseN/A
Volume1.42M
Average Volume (3M)9.10M
Market Cap
$6.91B
Enterprise Value$6.41B
Total Cash (Recent Filing)$930.64M
Total Debt (Recent Filing)$612.13M
Price to Earnings (P/E)50.9
Beta0.72
Next Earnings
Jul 28, 2026EPS Estimate
0.47Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.03
Shares Outstanding131,798,220
10 Day Avg. Volume7,846,131
30 Day Avg. Volume9,095,445
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)3.87
Price to Sales (P/S)2.85
P/FCF Ratio43.83
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue4.58
Enterprise Value/Gross Profit10.36
Enterprise Value/Ebitda28.19
Forecast
1Y Price Target
$48.49Price Target Upside49.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
EPS Forecast (FY)2.02
Revenue Forecast (FY)$1.19B
Bulls Say, Bears Say
Bulls Say
High Margins & Cash GenerationEnphase’s sustained high gross margins (~47% TTM) and strong trailing cash generation (OCF ~$191M, FCF ~$145M) underpin durable internal funding for R&D, product rollout and working-capital needs. Consistent FCF coverage of profits enhances resilience through solar cycle volatility and supports long‑term reinvestment.
Product Diversification & RoadmapA broadening product set—advanced microinverters, iterative battery generations, a bidirectional EV charger and system-level IQ SST plans—reduces reliance on a single SKU and increases cross‑sell potential to installers. Multi-year roadmap embeds structural upside from system integration and software monetization.
Liquidity Via Tax-credit MonetizationConverting future Section 45X tax credits into near-term cash creates durable financing optionality tied to U.S. manufacturing output. Staged payments improve short‑term liquidity without adding operating leverage, funding capex and supporting manufacturing scale while aligning incentives to deliver domestic production.
Bears Say
Weak Demand / Sell-through SlumpA near‑50% sequential sell‑through drop and a 23% sequential U.S. revenue fall indicate structurally softer end‑market adoption tied to tax‑credit timing, TPO financing constraints and weather. Prolonged weak sell‑through reduces installer reorder cadence and pressures multi‑quarter revenue visibility.
Channel Inventory OverhangElevated distributor and installer inventories force deliberate under‑shipments to rebalance channels, smoothing near‑term sales but delaying revenue recognition. Persistent inventory imbalances can strain installer relationships, compress reorder rates and prolong recovery, increasing forecasting uncertainty over several quarters.
Moderate Leverage & Cash VolatilityMeasured leverage (~1.1–1.6 D/E) combined with volatile cash flows reduces financial flexibility in a cyclical solar market. One‑time monetizations and debt settlements have materially shifted reported liquidity, but recurring cash generation has varied, limiting predictability for sustained ramp investments or prolonged downturns.
Enphase Energy News
ENPH FAQ
What was Enphase Energy Inc’s price range in the past 12 months?
Enphase Energy Inc lowest stock price was $25.77 and its highest was $73.74 in the past 12 months.
What is Enphase Energy Inc’s market cap?
Enphase Energy Inc’s market cap is $6.91B.
When is Enphase Energy Inc’s upcoming earnings report date?
Enphase Energy Inc’s upcoming earnings report date is Jul 28, 2026 which is in 34 days.
How were Enphase Energy Inc’s earnings last quarter?
Enphase Energy Inc released its earnings results on Apr 28, 2026. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.426 by $0.044.
Is Enphase Energy Inc overvalued?
According to Wall Street analysts Enphase Energy Inc’s price is currently Undervalued.
Does Enphase Energy Inc pay dividends?
Enphase Energy Inc does not currently pay dividends.
What is Enphase Energy Inc’s EPS estimate?
Enphase Energy Inc’s EPS estimate is 0.47.
How many shares outstanding does Enphase Energy Inc have?
Enphase Energy Inc has 131,798,220 shares outstanding.
What happened to Enphase Energy Inc’s price movement after its last earnings report?
Enphase Energy Inc reported an EPS of $0.47 in its last earnings report, beating expectations of $0.426. Following the earnings report the stock price went down -9.067%.
Which hedge fund is a major shareholder of Enphase Energy Inc?
Currently, no hedge funds are holding shares in ENPH
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Enphase Energy Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$48.49 (49.28% Upside)
$48.49 (49.28% Upside)
Blogger Sentiment
Bullish
ENPH Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $314.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.19%
12-Months-Change
Fundamentals
Return on Equity
13.28%
Trailing 12-Months
Asset Growth
-12.30%
Trailing 12-Months
Company Description
Enphase Energy Inc
Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy monitoring and control capabilities. The company's product portfolio also includes AC battery storage systems, the Envoy communications gateway, the cloud-based Enlighten monitoring service, and various related accessories. Enphase sells its offerings through multiple channels, reaching solar distributors, large installers directly, original equipment manufacturers (OEMs), strategic partners, and individual homeowners, as well as through its legacy product upgrade program and online store. Established in 2006, Enphase Energy, Inc. is headquartered in Fremont, California.
ENPH Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presented a mixed picture. Enphase delivered solid non-GAAP profitability, strong free cash flow, record customer NPS, meaningful safe-harbor agreements and clear product road‑map progress (IQ9 family, 5th-gen battery, bidirectional EV charger, IQ SST). At the same time near-term demand softness—especially a 23% sequential U.S. revenue decline, a large sequential sell-through drop (48%), elevated channel inventory, GAAP earnings deterioration, tariff and PTC-related margin impacts, and TPO/tax-equity financing headwinds—create material short-term pressure. Management outlined corrective actions (pricing, under-shipping to rebalance channel, prepaid-lease pilot expansion, and tariff refund filings) and reiterated multi-year growth programs, but acknowledged limited visibility for Q3/Q4. Overall, positives (cash generation, product pipeline, safe-harbor bookings, Europe green shoots) are meaningful but currently counterbalanced by significant near-term operational and margin headwinds.View all ENPH earnings summariesENPH Revenue Breakdown
70.26% U.S.
29.74% International
ENPH Stock 12 Month Forecast
Average Price Target
$48.49
▲(49.28% Upside)
Technical Analysis
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Ownership Overview
3.09% Insiders
16.34% Mutual Funds
25.02% Other Institutional Investors
14.85% Public Companies and Individual Investors