Enphase Energy (ENPH) Stock Price

Enphase Energy Price

NASDAQ·CLOSED
37.38USD+0.44 (+1.18 %)
Market closed

Revenue has compounded at 49.0% per year over the past 17 years to 1.47 B USD. Earnings per share have grown at 1.0% per year over the last 6 years. Enphase Energy's net margin stands at 11.7%, up from 10.5% several years earlier. Analysts set a median price target of 37.74 USD, implying 1.0% above the current price. Of 41 analysts, 14 rate the stock a buy — an overall Hold consensus. The stock trades about 43% above its 52-week low.

Enphase Energy stock price

Volume
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Enphase Energy over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Enphase Energy stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Enphase Energy's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Enphase Energy Stock Price History
DateEnphase Energy Price
7/30/202637.38 USD
7/29/202636.94 USD
7/27/202636.64 USD
7/23/202638.89 USD
7/22/202639.58 USD
7/21/202639.94 USD
7/20/202639.46 USD
7/17/202641.57 USD
7/16/202641.08 USD
7/15/202644.05 USD
7/14/202644.99 USD
7/13/202643.20 USD
7/10/202644.83 USD
7/9/202644.89 USD
7/8/202642.25 USD
7/7/202642.99 USD
7/6/202645.16 USD
7/2/202643.07 USD
7/1/202646.84 USD
6/30/202649.24 USD
6/29/202646.72 USD
6/26/202647.58 USD
6/25/202647.21 USD
6/24/202647.82 USD
6/23/202647.22 USD
6/22/202653.47 USD
6/18/202651.54 USD
6/17/202649.76 USD
6/16/202651.62 USD
6/15/202651.54 USD
6/12/202654.26 USD
6/11/202651.92 USD
6/10/202651.24 USD
6/9/202653.51 USD
6/8/202656.88 USD
6/5/202659.70 USD
6/4/202667.73 USD
6/3/202669.73 USD
6/2/202666.58 USD
6/1/202664.72 USD
5/29/202668.66 USD
5/28/202669.72 USD
5/27/202672.24 USD
5/26/202668.16 USD
5/22/202663.84 USD
5/21/202657.63 USD
5/20/202651.05 USD
5/19/202646.76 USD
5/18/202649.69 USD
5/15/202652.89 USD
5/14/202648.01 USD
5/13/202642.00 USD
5/12/202637.48 USD
5/11/202637.65 USD
5/8/202636.45 USD
5/7/202635.47 USD
5/6/202635.80 USD
5/5/202636.02 USD
5/4/202632.54 USD
5/1/202633.85 USD
4/30/202632.96 USD
4/29/202631.19 USD
4/28/202634.30 USD
4/27/202635.24 USD
4/24/202635.77 USD
4/23/202636.16 USD
4/22/202635.36 USD
4/21/202633.62 USD
4/20/202633.88 USD
4/17/202632.48 USD
4/16/202631.96 USD
4/15/202632.18 USD
4/14/202632.00 USD
4/13/202631.37 USD
4/10/202631.19 USD
4/9/202631.26 USD
4/8/202632.56 USD
4/7/202632.04 USD
4/6/202633.64 USD
4/2/202634.92 USD
4/1/202638.28 USD
3/31/202637.81 USD
3/30/202635.64 USD
3/27/202637.84 USD
3/26/202640.18 USD
3/25/202642.53 USD
3/24/202640.97 USD
3/23/202640.76 USD
3/20/202644.11 USD
3/19/202644.64 USD
3/18/202643.28 USD
3/17/202644.70 USD
3/16/202645.89 USD
3/13/202644.07 USD
3/12/202642.60 USD
3/11/202643.34 USD
3/10/202643.59 USD
3/9/202640.86 USD
3/6/202640.23 USD
3/5/202641.15 USD
3/4/202642.66 USD
3/3/202643.20 USD
3/2/202644.71 USD
2/27/202642.27 USD
2/26/202645.77 USD
2/25/202648.49 USD
2/24/202649.74 USD
2/23/202647.40 USD
2/20/202646.56 USD
2/19/202644.25 USD
2/18/202646.04 USD
2/17/202645.64 USD
2/13/202643.49 USD
2/12/202644.14 USD
2/11/202648.23 USD
2/10/202650.25 USD
2/9/202650.30 USD
2/6/202649.80 USD
2/5/202647.27 USD
2/4/202651.67 USD
2/3/202637.28 USD
2/2/202636.47 USD
1/30/202636.98 USD
1/29/202638.25 USD
1/28/202640.47 USD
1/27/202639.93 USD
1/26/202639.42 USD
1/23/202639.46 USD
1/22/202640.48 USD
1/21/202635.97 USD
1/20/202634.52 USD
1/16/202634.98 USD
1/15/202635.36 USD
1/14/202636.13 USD
1/13/202636.37 USD
1/12/202636.68 USD
1/9/202635.22 USD
1/8/202635.43 USD
1/7/202634.69 USD
1/6/202634.75 USD
1/5/202634.00 USD
1/2/202633.75 USD
12/31/202532.05 USD
12/30/202532.19 USD
12/29/202533.13 USD
12/26/202533.00 USD
12/24/202532.85 USD
12/23/202532.22 USD
12/22/202533.50 USD
12/19/202533.25 USD
12/18/202532.96 USD
12/17/202531.61 USD
12/16/202531.86 USD
12/15/202531.37 USD
12/12/202532.18 USD
12/11/202533.01 USD
12/10/202532.79 USD
12/9/202531.55 USD
12/8/202531.24 USD
12/5/202531.25 USD
12/4/202530.76 USD
12/3/202529.39 USD
12/2/202529.12 USD
12/1/202528.58 USD
11/28/202528.85 USD
11/26/202527.82 USD
11/25/202527.71 USD
11/24/202526.78 USD
11/21/202526.93 USD
11/20/202526.12 USD
11/19/202526.89 USD
11/18/202527.60 USD
11/17/202527.53 USD
11/14/202528.68 USD
11/13/202528.91 USD
11/12/202530.71 USD
11/11/202530.84 USD
11/10/202532.84 USD
11/7/202530.22 USD
11/6/202531.17 USD
11/5/202532.20 USD
11/4/202529.01 USD
11/3/202529.51 USD
10/31/202530.51 USD
10/30/202530.13 USD
10/29/202531.14 USD
10/28/202536.70 USD
10/27/202536.81 USD
10/24/202536.23 USD
10/23/202535.64 USD
10/22/202536.08 USD
10/21/202537.09 USD
10/20/202537.58 USD
10/17/202536.56 USD
10/16/202537.56 USD
10/15/202537.54 USD
10/14/202536.44 USD
10/13/202534.82 USD
10/10/202534.27 USD
10/9/202536.71 USD
10/8/202536.03 USD
10/7/202536.27 USD
10/6/202537.16 USD
10/3/202536.80 USD
10/2/202537.74 USD
10/1/202537.01 USD
9/30/202535.39 USD
9/29/202536.08 USD
9/26/202536.50 USD
9/25/202537.08 USD
9/24/202537.99 USD
9/23/202537.36 USD
9/22/202540.50 USD
9/19/202538.42 USD
9/18/202538.44 USD
9/17/202538.72 USD
9/16/202538.99 USD
9/15/202537.98 USD
9/12/202537.63 USD
9/11/202537.32 USD
9/10/202537.12 USD
9/9/202537.94 USD
9/8/202538.81 USD
9/5/202539.65 USD
9/4/202536.52 USD
9/3/202537.08 USD
9/2/202536.98 USD
8/29/202537.70 USD
8/28/202537.58 USD
8/27/202537.56 USD
8/26/202537.96 USD
8/25/202538.23 USD
8/22/202538.18 USD
8/21/202534.58 USD
8/20/202535.68 USD
8/19/202536.23 USD
8/18/202535.77 USD
8/15/202534.84 USD
8/14/202532.22 USD
8/13/202534.22 USD
8/12/202533.56 USD
8/11/202532.57 USD
8/8/202532.44 USD
8/7/202531.79 USD
8/6/202530.11 USD
8/5/202531.91 USD
8/4/202531.69 USD
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Enphase Energy Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
2.29 B USD
445.74 M USD
438.94 M USD
Jan 1, 2024
1.33 B USD
77.29 M USD
102.66 M USD
Jan 1, 2025
1.47 B USD
164.66 M USD
172.13 M USD
Jan 1, 2026 (e)
1.19 B USD
187.38 M USD
265.80 M USD
Jan 1, 2027 (e)
1.29 B USD
202.93 M USD
305.06 M USD
Jan 1, 2028 (e)
1.44 B USD
225.89 M USD
352.98 M USD
Jan 1, 2029 (e)
1.47 B USD
231.32 M USD
441.00 M USD
Jan 1, 2030 (e)
1.55 B USD
243.31 M USD
444.27 M USD

Enphase Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 3, 2026, 11:26 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
0.360.320.290.320.620.771.382.332.291.331.471.191.291.441.471.55
4.08-9.80-11.1810.4997.4724.0478.5568.60-1.72-41.9210.68-18.958.3011.302.435.16
30.2518.0119.5829.7535.4244.5740.0941.8046.2047.2946.6746.6746.6746.6746.6746.67
0.110.060.060.090.220.350.550.971.060.630.690.560.600.670.690.72
-19.00-63.00-37.001.0099.00186.00215.00448.00445.0077.00164.00187.00202.00225.00231.00243.00
-5.32-19.57-12.940.3215.8724.0315.5619.2319.435.7911.1415.6715.6315.6515.6815.69
-22.00-67.00-45.00-11.00161.00133.00145.00397.00438.00102.00172.00265.00305.00352.00440.00444.00
175.00204.55-32.84-75.56-1,563.64-17.399.02173.7910.33-76.7168.6354.0715.0915.4125.000.91
45.5061.8885.69113.89132.87145.99141.48146.31139.21138.13133.46133.46133.46133.46133.46133.46
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Enphase Energy generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Enphase Energy retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Enphase Energy's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Enphase Energy has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Enphase Energy's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Enphase Energy stock margins

The Enphase Energy margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Enphase Energy. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Enphase Energy.

  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
40.12 %
15.62 %
10.52 %
Jan 1, 2022
41.81 %
19.23 %
17.05 %
Jan 1, 2023
46.20 %
19.46 %
19.16 %
Jan 1, 2024
47.29 %
5.81 %
7.72 %
Jan 1, 2025
46.64 %
11.18 %
11.69 %
Jan 1, 2026 (e)
46.64 %
15.70 %
22.27 %
Jan 1, 2027 (e)
46.64 %
15.70 %
23.61 %
Jan 1, 2028 (e)
46.64 %
15.70 %
24.54 %

Enphase Energy Stock Revenue, EBIT, Earnings per Share

The Enphase Energy earnings per share therefore indicates how much revenue Enphase Energy has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
9.77 USD
1.53 USD
1.03 USD
Jan 1, 2022
15.93 USD
3.06 USD
2.72 USD
Jan 1, 2023
16.46 USD
3.20 USD
3.15 USD
Jan 1, 2024
9.63 USD
0.56 USD
0.74 USD
Jan 1, 2025
11.04 USD
1.23 USD
1.29 USD
Jan 1, 2026 (e)
9.12 USD
1.40 USD
2.03 USD
Jan 1, 2027 (e)
9.88 USD
1.52 USD
2.33 USD
Jan 1, 2028 (e)
10.99 USD
1.69 USD
2.70 USD

Enphase Energy business model & stock analysis

Enphase Energy Inc is a leading provider of energy solutions for the global market. The company was founded in 2006 by Martin Fornage and Raghu Belur and is headquartered in Petaluma, California. Enphase Energy specializes in the development and manufacturing of innovative inverters. These devices convert the DC voltage generated from solar energy into AC power that can be fed into the electrical grid. The company aims to make the use of solar energy simpler, safer, and more profitable. Enphase Energy Inc has developed a unique technology that allows for the individual monitoring of each solar panel, maximizing solar energy output. This technology is achieved through the patented micro-inverter system, which can regulate each solar panel independently of others. This improves the performance and efficiency of solar systems. Enphase Energy Inc's business model includes a wide range of products, from inverters to monitoring and control solutions. The company also offers training, technical support, and other services to provide comprehensive support to its customers in the field of solar energy. The different divisions of Enphase Energy Inc include: Ensemble: The Ensemble system is a solar and storage solution designed to enhance the energy supply for homes and businesses. It consists of a micro-inverter system, an energy storage system, and intelligent software that controls and optimizes the entire system. IQ: The IQ series of inverters is a high-tech solution specifically designed for residential and small commercial installations. IQ inverters are capable of maximizing the overall performance of solar panels through individual monitoring and optimization. Other products: Enphase Energy Inc also offers a range of products that contribute to making solar systems safer, more efficient, and smarter. These include monitoring systems, solar panels, and accessories. Enphase Energy Inc has become a key player in the global solar energy market. The company has expanded its presence in North America, Europe, and Asia and works closely with partners and customers to develop customized solutions that enable higher efficiency and profitability of solar systems. Enphase Energy Inc has received numerous awards and recognition, including the Intersolar Award, the Edison Award, and the Solar Power World Top Solar Contractor Award. The company aims to further promote the use of solar energy and shape a sustainable energy future.

Enphase Energy SWOT Analysis

Strengths

Enphase Energy Inc has a strong brand reputation due to its innovative and reliable solar energy solutions. The company's products are known for their superior quality and performance.

Enphase Energy Inc has a robust and advanced technology platform that allows for efficient solar energy generation and management. This technological edge gives the company a competitive advantage in the market.

The company has a diverse product portfolio, offering a wide range of solar energy products and solutions. This allows Enphase Energy Inc to cater to various customer needs and preferences.

Enphase Energy Inc has established strong partnerships and collaborations with key players in the solar industry, which helps in expanding its market reach and distribution network.

Weaknesses

One of the weaknesses of Enphase Energy Inc is its dependency on the solar energy market. Any fluctuations or slowdown in the solar industry can directly impact the company's revenue and profitability.

Enphase Energy Inc operates in a highly regulated industry, which can pose challenges in terms of compliance with various government regulations and policies.

The company faces the risk of potential intellectual property infringement, as competitors might try to replicate or imitate its technology and products.

Opportunities

The growing global focus on renewable energy and increasing government support for solar power present significant opportunities for Enphase Energy Inc. The demand for solar energy solutions is expected to rise, providing a larger market for the company.

Enphase Energy Inc can expand its product offerings by developing new and innovative solutions to cater to emerging customer needs and trends in the renewable energy sector.

The company can explore international markets and capitalize on the increasing adoption of solar energy technologies in developing countries.

Threats

Intense competition in the solar industry poses a threat to Enphase Energy Inc. Other companies can introduce similar or superior products, potentially eroding its market share.

Rapidly changing technology and evolving industry standards can render Enphase Energy Inc's current products obsolete, requiring continuous investments in research and development to stay competitive.

Economic fluctuations and changes in government policies related to solar energy subsidies can directly impact the demand for Enphase Energy Inc's products and solutions.

Enphase Energy Employees

  • 3 Years

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  • 25 Years

  • Max

Enphase Energy Employees
Details
Date
Enphase Energy Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Enphase Energy Segments

Enphase Energy Revenue by Segment

  • Max

Reportable Segment
Details
Date
Reportable Segment
Jan 1, 2024
1.33 B USD
Jan 1, 2025
1.47 B USD

Enphase Energy Revenue by Region

  • 3 Years

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  • Max

United States
Others
Netherlands
International
Details
Date
United States
Others
Netherlands
International
Jan 1, 2017
199.57 M USD
0.00 USD
0.00 USD
86.60 M USD
Jan 1, 2018
219.60 M USD
0.00 USD
0.00 USD
96.56 M USD
Jan 1, 2019
523.58 M USD
0.00 USD
0.00 USD
100.76 M USD
Jan 1, 2021
1.11 B USD
0.00 USD
0.00 USD
273.25 M USD
Jan 1, 2022
1.76 B USD
0.00 USD
0.00 USD
569.01 M USD
Jan 1, 2023
1.47 B USD
470.05 M USD
351.63 M USD
821.68 M USD
Jan 1, 2024
934.69 M USD
0.00 USD
0.00 USD
395.69 M USD
Jan 1, 2025
1.19 B USD
0.00 USD
0.00 USD
284.27 M USD

Enphase Energy Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Enphase Energy historical P/E ratio, EBIT multiple, and P/S ratio

Enphase Energy annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Enphase Energy shares outstanding

The number of shares of Enphase Energy was 133.46 M in 2025. This indicates how many shares Enphase Energy is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
141.48 M Stocks
Jan 1, 2022
146.31 M Stocks
Jan 1, 2023
139.21 M Stocks
Jan 1, 2024
138.13 M Stocks
Jan 1, 2025
133.46 M Stocks
Jan 1, 2026 (e)
133.46 M Stocks
Jan 1, 2027 (e)
133.46 M Stocks
Jan 1, 2028 (e)
133.46 M Stocks

Current Enphase Energy forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
12.12 %
Buy
34.15 % (14)
Hold
51.22 % (21)
Sell
14.63 % (6)
12M Price Target
37.74
Last Price
37.54
Currency
USD
12M Return Potential
0.53 %
LTM Return
0 %

Enphase Energy Analyst Rating Actions

DateFirmActionRatingReliability
7/30/2026
Susquehanna
Susquehanna
MaintainedNeutral–
7/30/2026
Citigroup
Citigroup
MaintainedNeutral48
7/29/2026
Wells Fargo
Wells Fargo
MaintainedOverweight56
7/29/2026
RBC Capital
RBC Capital
MaintainedOutperform52
7/29/2026
Oppenheimer
Oppenheimer
MaintainedOutperform65
7/29/2026
Mizuho
Mizuho
MaintainedNeutral31
7/29/2026
GLJ Research
GLJ Research
MaintainedSell48
7/29/2026
BMO Capital
BMO Capital
MaintainedMarket Perform–
7/28/2026
GLJ Research
GLJ Research
MaintainedSell48
7/20/2026
TD Cowen
TD Cowen
MaintainedHold60

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Enphase Energy Earnings Calls

2025

Enphase Energy Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/28/20260.47USD-295.51 MUSD-2026 Q2
4/28/20260.45USD-289.17 MUSD-2026 Q1
2/10/20260.59USD-345.22 MUSD-2025 Q4
4/23/20240.62USD-340.00 MUSD-2024 Q1
2/5/20240.61USD-346.83 MUSD-2023 Q4
7/24/20231.26USD-746.77 MUSD-2023 Q2
4/24/20231.13USD-681.52 MUSD-2023 Q1
2/6/20231.29USD-711.27 MUSD-2022 Q4
10/25/20221.10USD-623.98 MUSD-2022 Q3
7/26/20220.85USD-512.10 MUSD-2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Enphase Energy stock

49/100
74
Environment
49
Social
24
Governance
E

Environment

20
Scope 1 - Direct Emissions—
Scope 2 - Indirect emissions from purchased energy15,557
Scope 3 - Indirect emissions within the value chain49,077
Total CO₂ emissions15,557
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees17.5
Percentage of women in management—
Percentage of Asian employees17.1
Share of Asian management31.3
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees3
Black Management Share2.2
Percentage of white employees76.3
White Management Share63.4
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Enphase Energy shareholder structure

% Name
16.96692%
BLACKROCK, INC.
BLACKROCK, INC.
7.38109%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
4.46709%
ALYESKA INVESTMENT GROUP, L.P.
ALYESKA INVESTMENT GROUP, L.P.
4.33066%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.18481%
TWO SIGMA INVESTMENTS, LP
TWO SIGMA INVESTMENTS, LP
3.51345%
STATE STREET CORP
STATE STREET CORP
...

Enphase Energy Beneficial Ownership Filings (SEC 13D/G)

Free Float
96.9%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
16.30%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
11.70%
William E. James
William E. James
SEC ↗
11.70%
Stoddard M. Wilson
Stoddard M. Wilson
SEC ↗
11.70%
RockPort Capital Partners II, L.P.
RockPort Capital Partners II, L.P.
SEC ↗
11.70%
RockPort Capital II, L.L.C.
RockPort Capital II, L.L.C.
SEC ↗
11.70%
Janet B. James
Janet B. James
SEC ↗
11.70%
David J. Prend
David J. Prend
SEC ↗
11.70%
Charles J. McDermott
Charles J. McDermott
SEC ↗
11.70%
Alexander Ellis III
Alexander Ellis III
SEC ↗
11.20%
KPCB Green Growth Fund, LLC (“KPCB GGF”)
KPCB Green Growth Fund, LLC (“KPCB GGF”)
SEC ↗

Enphase Energy Executives and Management Board

8 members · avg. age 57 · 25 % women

BK

Mr. Badrinarayanan Kothandaraman (53)

President, Chief Executive Officer, Director · since 2017

12.63 M USD

Management

MY

Ms. Mandy Yang (49)

Chief Financial Officer, Executive Vice President

6.71 M USD

Board of Directors

SG

Mr. Steven Gomo (73)

Lead Independent Chairman of the Board

374,969.00 USD
BK

Mr. Benjamin Kortlang (49)

Independent Director

334,993.00 USD
RM

Mr. Richard Mora (60)

Independent Director

334,993.00 USD
TR

Mr. Thurman Rodgers (77)

Independent Director

334,993.00 USD
JH

Ms. Jamie Haenggi (55)

Independent Director

314,993.00 USD
JM

Mr. Joseph Malchow (39)

Director

309,993.00 USD

Enphase Energy Supply Chain

Enphase Energy Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
28 companies
#NameTrend
1
Tesla, Inc.
Supplier
0.15
-0.67
-0.33
0.49
0.86
0.97
2
Sunnova Energy Intnl
Supplier·Customer
0.27
0.35
0.73
0.74
0.79
0.96
3
Alarm com Holdings
Supplier·Customer
0.22
0.65
0.73
0.14
0.81
0.94
4
Infineon Technologies
Supplier
-0.66
-0.58
-0.35
0.34
0.71
0.94
5
SunPower
Supplier·Customer
0.18
0.05
0.68
0.22
0.67
0.93
#NameTrend
1
Real Goods Solar A
Customer
-0.04
0.32
0.52
-0.45
—
—
2
Infineon Technologies AG
Supplier
-0.40
-0.57
-0.57
-0.06
—
—
3
LG Corp.
Supplier
-0.41
-0.31
0.31
-0.05
0.18
—
4
Maxeon Solar Tech
Supplier·Customer
-0.49
-0.65
0.23
0.09
0.53
—
5
Panasonic Corporation
Customer
-0.63
-0.87
-0.43
0.23
—
—

Frequently asked questions about Enphase Energy

The business model of Enphase Energy Inc revolves around providing integrated solar energy solutions. As a leading provider of energy management systems, Enphase Energy offers innovative microinverter technology that maximizes energy production and reduces system costs. By partnering with solar manufacturers, Enphase Energy promotes the adoption of clean, sustainable energy sources. Their advanced microinverter system aims to enhance solar panel performance, increase system reliability, and simplify installation and maintenance processes. With a focus on driving the transition to renewable energy, Enphase Energy Inc continues to empower homeowners and businesses to generate and consume clean, efficient solar energy.

Enphase Energy Inc is primarily active in the solar energy and renewable energy industries.

The main competitors of Enphase Energy Inc in the market include companies like SolarEdge Technologies Inc., SunPower Corporation, and SMA Solar Technology AG.

Enphase Energy Inc is a leading global energy technology company. Founded in 2006, it has revolutionized solar power generation through its innovative microinverter technology. Enphase Energy Inc designs, develops, and sells the renowned Enphase Energy System, which enables solar panels to generate electricity more efficiently and reliably. The company's dedication to quality, performance, and reliability has earned it a strong reputation in the renewable energy industry. With a focus on continuous innovation and customer satisfaction, Enphase Energy Inc has grown to become a trusted provider of clean energy solutions worldwide.

Enphase Energy Inc has achieved several significant milestones throughout its history. Since its foundation in 2006, the company has pioneered the development of microinverter technology, which has revolutionized the solar industry. Enphase Energy Inc has consistently gained market share, becoming a global leader in solar microinverters and energy management solutions. The company's achievements include surpassing the milestone of installing over one million systems globally, expanding its product portfolio to include energy storage solutions, and successfully entering new markets such as Australia and Europe. Enphase Energy Inc continues to innovate and drive the transition towards clean, sustainable energy solutions.

Enphase Energy Inc is primarily present in multiple countries and regions worldwide, including the United States, Canada, Mexico, Brazil, Australia, New Zealand, and several European countries. With its innovative microinverter technology and advanced energy solutions, Enphase Energy Inc has established a strong global presence. By expanding its operations across these countries and regions, the company aims to revolutionize the solar industry and provide sustainable energy solutions to customers worldwide.

Enphase Energy Inc represents a set of core values and a corporate philosophy centered around innovation, sustainability, and customer satisfaction. The company aims to revolutionize solar power generation by providing advanced technologies and solutions that enhance energy production and management. Enphase Energy is committed to improving the efficiency and reliability of solar energy systems through their microinverter technology, which maximizes energy harvest and simplifies installation processes. With a focus on continuous improvement and environmental responsibility, Enphase Energy strives to empower homeowners and businesses worldwide to embrace clean and renewable energy sources while ensuring long-term growth and value creation.

Analysts currently set an average price target of 39.93 USD for the Enphase Energy stock (median: 37.74 USD), implying +6.4 % versus the latest price. The consensus is based on 41 analyst ratings.

Enphase Energy Analyst Price Targets 2026

41 analysts currently rate the Enphase Energy stock: 14 recommend buying, 21 holding and 6 selling. For 2026, analysts expect Enphase Energy to generate revenue of 1.19 B USD and earnings per share of 1.99 USD.

Enphase Energy Analyst Price Targets 2026

Converted at the current exchange rate, the Enphase Energy share trades at 32.40 EUR (37.38 USD).

The Enphase Energy share (ENPH) is listed on 11 stock exchanges, including: NASDAQ (ENPH), XETRA (E0P.DE), Frankfurt (E0P.F), München (E0P.MU), Stuttgart (E0P.SG), Düsseldorf (E0P.DU), Berlin (E0P.BE), London (0QYE.L).

Enphase Energy Inc is a global leader in energy management technologies and services for solar and energy storage systems. The company was founded in California in 2006 and has been listed on the NASDAQ stock exchange since 2012. Enphase Energy Inc employs over 625 employees worldwide and has already delivered over 27 million microinverters. The core business of Enphase Energy Inc lies in the development, manufacturing, and marketing of microinverters, intelligent battery solutions, and cloud-based energy management platforms for solar and energy storage systems. Microinverters are devices that are integrated into solar installations and convert the direct current (DC) generated by solar cells into alternating current (AC) to be fed into the power grid. The microinverters developed by Enphase Energy Inc are particularly efficient and reliable because they are coupled with each solar panel, allowing them to individually control and optimize each module. This achieves higher energy yield, resulting in higher returns for the system operator. In addition to microinverters, Enphase Energy Inc also offers intelligent battery storage solutions that allow users to store and utilize the produced electricity when it is needed. These solutions are capable of optimizing the users' power consumption by predicting energy needs and controlling energy storage and consumption accordingly. Enphase Energy Inc's cloud-based energy management platforms enable users to monitor, control, and optimize their solar and storage systems. These platforms allow users to reduce energy consumption by taking energy efficiency measures and optimizing the use of solar and storage systems. With the help of these platforms, users can lower their energy costs and improve their carbon footprint. Enphase Energy Inc has divided its business into four geographic regions: North America, Europe, Asia, and the Pacific. The company has trade partners and distribution relationships in more than 130 countries, which helps promote the company's growth and expansion. Enphase Energy Inc works closely with installers and distributors to ensure successful marketing and implementation of its products. With innovative technologies and top-notch service, the company provides added value to its customers and increases the return on their investments in renewable energy. In the future, the company will continue to evolve its business model and enhance its products and services to meet the customers' requirements.

The expected revenue of Enphase Energy is 1.19 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Enphase Energy is 265.80 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Enphase Energy is currently 18.77. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Enphase Energy stock.

The price-to-sales ratio (P/S) of Enphase Energy is currently 4.18. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Enphase Energy stock.

The Eulerpool Quality Score for Enphase Energy is 4/10.

The ISIN of Enphase Energy is US29355A1079. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Enphase Energy is A1JC82. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Enphase Energy is ENPH. The ticker symbol is used to trade Enphase Energy shares on the stock exchange.

Enphase Energy paid dividends every year for the past 0 years.

Enphase Energy is assigned to the 'Information technology' sector.

The dividends of Enphase Energy are distributed in USD.

All fundamentals and in-depth analysis of Enphase Energy

Our stock analysis for Enphase Energy stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Enphase Energy. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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