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ENPH

Enphase Energy, Inc.

ENPH

NASDAQ·Energy·Solar·Mkt cap $6.2B

$42.66

-8.92%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$25.78 - $73.74

P/E

42.24

Fwd P/E

20.66

Beta

1.57

Div Yield

0.00%

Avg Vol

8.2M

Shares Out

131.8M

Mkt Cap

$6.2B

Price action

Price chart

Up 14.3% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Proprietary semiconductor microinverter technology
  • Advanced cloud-based energy monitoring platform
  • Comprehensive integrated solar ecosystem
  • Strong intellectual property portfolio

Bear Case

2 risks

  • Above-average volatility (beta 1.6).
  • Premium valuation to Solar Energy peers

Growth

Revenue decline expected

Accelerating renewable energy adoption

Value

Premium valuation to Solar Energy peers

Momentum

Hot

+34.1% over 3m

Quality

Strong

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 20, 2026

Q2 26 RECAP

APR 28, 2026

Reported EPS of $0.47 vs $0.43 consensus (+9.3% surprise). Revenue of $282.9M vs $282.3M expected (+0.2%). Beat on both top and bottom lines.

EPS beat +9.3%
Rev beat +0.2%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+9.3%

Next: Apr 20, 2026

Revenue trend · last 8Q

+26%

+35%

+20%

+8%

-10%

-21%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$303.5M

$380.9M

$382.7M

$356.1M

$363.2M

$410.4M

$343.3M

$282.9M

Margins · last 8Q

Gross

35.5%

Operating

-10.5%

Profit

-2.6%

Wall Street consensus

15 analysts · 33% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

33%

Hold

9

60%

Sell

1

7%

Median Price Target

$37.00

-13.3% vs $42.66

Low $27.00
Median $37.00
High $85.00

Latest: Bernstein · Jun 16, 2026

8 analysts covering

vs Industry

How ENPH stacks vs Solar

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.