Inside the research
Enphase Energy, Inc.
ENPH Research profile · latest available data
Price overview
$32.40
▼ -0.42 (-1.3%)
| 52w hi | $72.33 |
|---|---|
| 52w lo | $26.12 |
| Vol | 4.15M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.07
| Short | -0.44 |
|---|---|
| Medium | +0.18 |
| Long | +0.20 |
computed 2026-09-27
Key fundamentals
Enphase Energy, Inc.
Technology · Solar
| Market cap | $4.28B |
|---|---|
| Enterprise value | $3.96B |
| Trailing P/E | 32.08x |
| Forward P/E | 14.30x |
| EV / EBITDA | 20.63x |
| P / S (ttm) | 3.21x |
| Profit margin | 10.1% |
| Return on equity | 13.0% |
| Revenue growth | -19.6% |
| Earnings growth | -3.5% |
| Debt / equity | 51.90 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.13 | |
| Sector | +0.19 | |
| Technical | -0.25 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 1.41 |
|---|---|
| Corr SPX | 0.29 |
| Annual vol | 77.8% |
| Annual ret | -33.2% |
| Sharpe | -0.43 |
| Max DD | -77.7% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-10 | Reg FD Disclosure, Exhibits | read |
| 2026-07-28 | Earnings Release, Exhibits | read |
| 2026-06-18 | Other Material Event | read |
| 2026-06-15 | Officer / Director Change | read |
| 2026-05-15 | Officer / Director Change, Shareholder Vote… | read |
| 2026-04-28 | Earnings Release, Exhibits | read |
| 2026-04-06 | Earnings Release, Other Material Event | read |
| 2026-02-03 | Earnings Release, Exhibits | read |
| 2026-01-23 | Reg FD Disclosure | read |
| 2025-10-28 | Earnings Release, Exhibits | read |
| 2025-07-22 | Earnings Release, Exhibits | read |
| 2025-06-30 | Reg FD Disclosure, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-14 | MORA RICHARD | Sell | 1.50K | $60.55K | |
| 2026-07-30 | MORA RICHARD | Sell | 2.00K | $73.52K | |
| 2026-06-12 | Trivedi Shanker | Buy | 1.00K | $53.91K | |
| 2026-06-11 | Trivedi Shanker | Grant | 4.55K | $249.99K | |
| 2026-06-01 | MORA RICHARD | Sell | 700 | $44.94K | |
| 2026-05-26 | Kothandaraman Badrinarayanan | President & CEO | Buy | 600 | $41.03K |
| 2026-05-26 | Kothandaraman Badrinarayanan | President & CEO | Buy | 4.40K | $296.45K |
| 2026-05-19 | MORA RICHARD | Sell | 700 | $32.47K | |
| 2026-05-13 | Kortlang Benjamin John | Grant | 5.95K | — | |
| 2026-05-13 | Haenggi Jamie Elizabeth | Grant | 5.95K | — |
Flow & Concentration
| Insider 180d net | $179.91K |
|---|---|
| Insider buys / sells | 3 / 4 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 99.4% |
| HHI | 4,916 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Citadel Advisors | $211.26M | 4.29M |
| Fidelity / FMR LLC | $82.24M | 1.67M |
| Renaissance Technologies | $14.59M | 296.40K |
| State Street Corp | $13.00M | 13.92M |
| Millennium Management | $1.34M | 1.44M |
| AQR Capital Management | $1.03M | 20.86K |
| Bridgewater Associates | $919.90K | 18.68K |
| Capital Research / Capital World | $151.49K | 163.00K |
| T. Rowe Price Group | $6.30K | 127.90K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2012–2025 · 13 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $33.02 | $33.22 | $32.35 | $32.40 | 4.15M |
| Sep 24 | $32.81 | $33.00 | $31.54 | $32.82 | 7.03M |
| Sep 23 | $34.55 | $34.71 | $32.73 | $33.07 | 5.56M |
| Sep 22 | $35.27 | $35.35 | $34.33 | $34.42 | 3.47M |
| Sep 21 | $34.64 | $34.99 | $33.56 | $34.76 | 5.34M |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →