The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

ENPH

Concerning the House

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories; IQ Battery and related accessories; IQ PowerPack 1500 and related accessories; IQ Combiner, IQ Gateway, and IQ Energy Router; cloud-based monitoring service; and electric vehicle charging solutions, as well as design, proposal, permitting, installation and solar appointment generation services, and Enphase Care services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

United States · www.enphase.com

The Long Run

FY 2012–2025 · 13 years

LineLatestCAGRTrend
Revenue$1.33B+37.3%
Gross profit$1.06B+64.7%
Operating income$445.74M+34.1%
Net income$172.13M+5.1%
Cash from ops$696.78M+52.2%
Quotation

$40.78

+0.01 (+0.0%)

52w hi$72.33
52w lo$26.12
Vol2.91M
As ofAug 13
The Verdict

Hold

Our score -0.18

Short-0.43
Medium-0.02
Long-0.01

computed 2026-08-13

By the Numbers

Enphase Energy, Inc.

Technology · Solar

Market cap$5.37B
Enterprise value$5.06B
Trailing P/E40.38x
Forward P/E17.71x
EV / EBITDA26.40x
P / S (ttm)4.06x
Profit margin10.1%
Return on equity13.0%
Revenue growth-19.6%
Earnings growth-3.5%
Debt / equity51.90
Risk Metrics
Beta vs SPX1.43
Corr SPX0.30
Annual vol78.1%
Annual ret-18.8%
Sharpe-0.24
Max DD-78.9%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.10
Sector+0.15
Technical-0.23
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$40.52$41.12$39.95$40.782.91M
Aug 12$43.23$43.28$40.68$40.772.80M
Aug 11$41.45$42.45$41.24$42.302.66M
Aug 10$41.94$42.09$40.62$40.922.79M
Aug 7$41.15$42.50$40.23$41.875.40M