Enphase Energy, Inc. (ENPH) Stock Price & Analysis

Enphase Energy, Inc. (ENPH) closed at USD 31.35 on Thursday, October 22, 2026, down 2.00% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 31.99; the Oct 22, 2026 session ranged USD 30.86–32.03 on volume of 4,217,670 shares. Market capitalization is $4.14B, with a 52-week range of USD 25.78–73.74 (NGM). Source: Nexqual, retrieved October 23, 2026 at 10:01 UTC.

Also available as compact Markdown for AI agents: nexqual.com/ENPH.md

Key facts (ENPH)

• Last four reported quarters (through Jun 30, 2026): revenue $1.33B, net income $134M (10.1% margin), free cash flow $153M (SEC filings).
• Insider open-market sales, last ~7 months: 4 Form 4 filings, $211K; 4 not under a Rule 10b5-1 plan ($211K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
• Insider open-market purchases, last ~7 months: 2 Form 4 filings, $391K; 0 by opportunistic insiders, 1 by routine insiders.
• Analysts: Hold (mean 2.55 on a 1–5 scale) (29 analysts), mean target USD 49.13 (range 24–212).
• Total return with dividends: 1Y -12.0% vs S&P 500 +14.9%; 5Y -82.3% vs S&P 500 +80.3%.
• Next earnings: 2026-10-27, EPS estimate USD 0.5, revenue estimate $305M.

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ENPH)

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (ENPH)

P/E at fiscal year-ends: Dec 2025 25.1x, Dec 2024 93.7x, Dec 2023 43.1x.

Insider sales (SEC Form 4, open-market, last ~7 months) (ENPH)

0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Insider purchases (SEC Form 4, open-market, last ~7 months) (ENPH)

2 purchases, $391K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.

Analysts (ENPH)

Consensus Hold (mean 2.55 on a 1–5 scale), 29 analysts; mean target USD 49.13 (low 24, high 212).

Rating changes, last 120 days:

Total return (dividends reinvested) (ENPH)

ENPH revenue by region (quarter ended Jun 30, 2026)

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

ENPH suppliers, customers and competitors (named in its 10-K)

Quoted from the company's 10-K filed Feb 17, 2026.

ENPH customer concentration

In the period ended Dec 31, 2025, a single direct customer accounted for 39% of revenue, per the company's 10-K filed Feb 17, 2026. The company does not name it.

ENPH company outlook (results filed Jul 28, 2026)

• “It uses 100 Ah prismatic cells and is expected to deliver approximately 50% higher energy density than the fourth-generation IQ ® Battery 10C, while reducing cost by approximately 40%.”
• “This outlook includes approximately $75.0 million of safe harbor shipments. • GAAP gross margin to be within a range of 42.0% to 45.0%, including approximately 2 percentage points of reciprocal tariff impact. • Non-GAAP gross margin to be within a range of 44.0% to 47.0%, including approximately 2 percentage points of reciprocal tariff impact.”
• “Conference Call Information Enphase Energy will host a conference call for analysts and investors to discuss its second quarter 2026 results and third quarter 2026 business outlook today at 4:30 p.m.”

Quoted word-for-word from the SEC 8-K results press release.

ENPH analyst estimates and revisions

Key Statistics (as of October 23, 2026 at 10:01 UTC)

Technical Analysis (ENPH)

Nexqual's technical model rates ENPH "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:01 UTC.

Analyst Ratings (ENPH)

Wall Street analysts rate ENPH "Hold" based on 29 analysts, with a mean price target of USD 49.13 (range USD 24–212), per Nexqual as of October 23, 2026 at 10:01 UTC.

Earnings (ENPH)

Recent Earnings History

Source: Nexqual, October 23, 2026 at 10:01 UTC.

Financials & Fundamentals (ENPH)

Source: Nexqual, October 23, 2026 at 10:01 UTC.

Ownership (ENPH)

Source: Nexqual, October 23, 2026 at 10:01 UTC.

Leadership (ENPH)

Enphase Energy, Inc. is led by Badrinarayanan Kothandaraman, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:01 UTC.

Major Backers & Investors (ENPH)

Notable institutional backers of Enphase Energy, Inc. include Two Sigma Investments, LP, Invesco, Gilder Gagnon Howe & Co LLC, according to Nexqual as of October 23, 2026 at 10:01 UTC.

Active Investors

Index Funds (Passive)

Source: Nexqual, October 23, 2026 at 10:01 UTC.

From Enphase Energy, Inc.'s Latest SEC 10-K Filing (filed 2026-02-17)

Key Strengths & Strategy (as disclosed to the SEC)

• We have revolutionized the solar industry by bringing a systems approach to solar technology and by pioneering a semiconductor-based microinverter that converts energy at the individual solar module level and, combined with our proprietary networking and software technologies, provides advanced energy monitoring and control.
• We protect our technology through a variety of means, including through patent, trademark, copyright and trade secrets laws in the United States and similar laws in other countries, confidentiality agreements and other contractual arrangements.
• Our integrated approach to energy solutions maximizes a home's energy potential while providing advanced monitoring and remote maintenance capabilities.
• Moving manufacturing to the United States allows us to benefit from certain incentives under the IRA, improve service to our customers by reducing delivery times, diversifying our supply chain and supporting solar projects to qualify for the Domestic Content Bonus Credit.

Legal & Regulatory Risks (Item 1A, quoted)

• Enphase Energy, Inc. | 2025 Form 10-K | 32
• Changes in current laws or regulations or the imposition of new laws or regulations, or new interpretations thereof, in the solar energy sector, by federal or state agencies in the United States or foreign jurisdictions could impair our ability to compete and could materially harm our business, financial condition and results of operations.
• Our significant international operations subject us to additional risks that could adversely affect our business, results of operations and financial condition.
• We are, or may become, involved in legal proceedings, government and agency investigations, and consumer, employment, tort and other litigation.

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:01 UTC. This page is informational and not investment advice.

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