Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) has pulled back sharply, making the stock worth a closer look ahead of Q2 earnings on July 28. The solar hardware leader now trades at 19 times forward earnings, holds $474 million in cash, and has opened its products to utilities serving 30 million customer accounts.
Analysts See Meaningful Upside Shares closed at $36.70 on Friday, July 24, down 23.25% from a month ago and 50.23% below the 52-week high of $73.74. The company’s forward P/E sits at 19, while Wall Street’s mean price target is $48.47, implying meaningful upside.
The base case AI model prices the stock’s fair value at $65.66 with 90% confidence. Independent fair-value screens place the stock 18.7% to 20% below intrinsic value.
Management Recently Repurchased Shares Above Today’s Price Enphase closed 2025 with $474.32 million in cash, up 28.5% YoY, and $268.7 million of buyback authorization remaining.
Management repurchased roughly $130 million of stock across the first half of 2025 at average prices of $62.71 and $42.67 per share. Both figures sit above today’s quote. Insiders are already voting with real money, with net buying across 12 recent transactions.
The 30 Million-Customer Catalyst Is Just Getting Started U.S. sell-through demand jumped 21% QoQ in Q4, the strongest reading in over two years. The IQ Meter Collar cleared 52 U.S. utilities serving roughly 30 million customer accounts. Certified battery installers grew from 19,500 to over 22,000. A new safe harbor agreement adds around $68 million over 12 to 24 months.
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FY2025 revenue grew 10.72% to $1.473 billion, operating income rose 103.81%, and net income expanded 67.68%. EPS beat estimates in three of the last four quarters, including a 22.63% Q4 beat.
Enphase Crushes SolarEdge Where It Matters Most SolarEdge Technologies (NASDAQ:SEDG) is one of Enphase’s primary competitors in residential solar hardware, and reported a Q1 net loss of $57.37 million and carries a Sell rating from BMO Capital with a $36 price target vs a current price of $42.60. Enphase generated $172.13 million of net income and $95.90 million of free cash flow in 2025.
Why Tariffs Do Not Break the Comeback Thesis Reciprocal tariffs are expected to reduce the company’s gross margin by roughly five percentage points through Q1 2026, but Enphase is already absorbing that pressure. Its Q4 non-GAAP gross margin still reached 46.1%, while 1.31 million U.S.-made microinverters qualified for Section 45X production tax credits.
Enphase’s expanding domestic manufacturing footprint should help offset tariff pressure and position the company to benefit from policies favoring U.S. production. For growth-oriented investors, the current valuation appears to reflect the near-term tariff risk without fully recognizing Enphase’s cash position and recovery catalysts.
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Key Takeaways Enphase's Q2 results may benefit from new product launches and stronger microinverter shipments.U.S. demand stayed strong, while Europe showed improving solar market trends during the quarter.Reciprocal tariffs are expected to reduce Q2 gross margins by about three percentage points. Enphase Energy, Inc. (ENPH - Free Report) is scheduled to release its second-quarter 2026 results on July 28, after market close. In the last reported quarter, the company delivered an earnings surprise of 9.30%.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play Ahead of ENPH’s Q2 ResultsDuring the second quarter, ENPH announced the expansion of commercial microinverter deployments across the United States. Stronger microinverter shipments from Enphase Energy's U.S. manufacturing facilities are expected to have supported its quarterly earnings.
In May 2026, Enphase Energy announced the launch of PowerMatch technology across North America. In June 2026, the company launched the IQ9N microinverter for residential solar across key European markets. These product launches strengthen Enphase Energy's residential solar portfolio and are expected to drive higher customer adoption and product shipments, supporting the company's revenue and earnings growth in the second quarter of 2026.
Product launches, coupled with robust microinverter and battery shipments amid healthy solar demand, are likely to have supported ENPH's overall performance in the to-be-reported quarter.
On a regional basis, Enphase Energy expects continued strength in the U.S. market and improving demand trends across Europe.
ENPH's continued investments in product innovation and customer support, along with ongoing cost-reduction efforts, are anticipated to have boosted its earnings in the to-be-reported quarter.
Meanwhile, reciprocal tariffs remain a key headwind. The company expects them to reduce second-quarter 2026 gross margins by nearly three percentage points, weighing on profitability.
Q2 Expectations for ENPHThe Zacks Consensus Estimate for ENPH’s sales stands at $292.2 million, which suggests a decline of 19.6% from the year-ago reported number.
The Zacks Consensus Estimate for earnings per share is pinned at 46 cents, which indicates a year-over-year fall of 33.3%.
The Zacks Consensus Estimate for total megawatts (MWs) shipped is pegged at 689 MW, up 2% from the figure registered in the year-ago quarter.
What the Zacks Model Unveils for ENPHOur proven model does not conclusively predict an earnings beat for Enphase Energy this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
Stocks to ConsiderHere are three companies from the same sector that have the right combination of elements to post an earnings beat this reporting cycle:
First Solar, Inc. (FSLR - Free Report) is slated to report its second-quarter 2026 results on July 30, after market close. It has an Earnings ESP of +15.75% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for FSLR’s earnings is pegged at $2.74 per share, indicating a year-over-year decline of 13.8%. The consensus estimate for its sales stands at $1.06 billion, suggesting a year-over-year rise of 3.3%.
Devon Energy (DVN - Free Report) is expected to report its second-quarter 2026 results on Aug. 4, after market close. It has an Earnings ESP of +0.61% and carries a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for DVN’s earnings is pegged at $1.30 per share, indicating a year-over-year surge of 54.8%. The consensus estimate for its sales stands at $6.30 billion, calling for a year-over-year jump of 47%.
Ormat Technologies Inc. (ORA - Free Report) is slated to report its second-quarter 2026 results on Aug. 5, after market close. It has an Earnings ESP of +73.47% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for ORA’s earnings is pegged at 29 cents, implying a year-over-year fall of 39.6%. The consensus estimate for its sales stands at $253.9 million, suggesting a year-over-year rise of 0.8%.
Enphase Energy (ENPH - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this solar technology company have returned -17.6% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Solar industry, to which Enphase Energy belongs, has lost 17.8% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Enphase Energy is expected to post earnings of $0.46 per share for the current quarter, representing a year-over-year change of -33.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.8%.
For the current fiscal year, the consensus earnings estimate of $2.1 points to a change of -29.1% from the prior year. Over the last 30 days, this estimate has changed -2.3%.
For the next fiscal year, the consensus earnings estimate of $2.53 indicates a change of +20.4% from what Enphase Energy is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Enphase Energy is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Enphase Energy, the consensus sales estimate for the current quarter of $292.17 million indicates a year-over-year change of -19.6%. For the current and next fiscal years, $1.22 billion and $1.34 billion estimates indicate -17% and +9.9% changes, respectively.
Last Reported Results and Surprise HistoryEnphase Energy reported revenues of $282.9 million in the last reported quarter, representing a year-over-year change of -20.6%. EPS of $0.47 for the same period compares with $0.68 a year ago.
Compared to the Zacks Consensus Estimate of $283.56 million, the reported revenues represent a surprise of -0.23%. The EPS surprise was +9.3%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enphase Energy is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enphase Energy. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Enphase Energy, Inc. (NASDAQ: ENPH) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Enphase Energy misrepresented to investors that: (i) Enphase's European operations were experiencing rapid and robust growth; (ii) customer demand across major European markets, including the Netherlands and Germany, remained strong; (iii) any softness in those markets was temporary, with fundamentals remaining strong; and (iv) by early 2024, Europe had recovered and stabilized for Enphase's business purposes. According to the lawsuit, the Company also consistently minimized the effects that an influx of lower-priced Chinese competitors was having on Enphase's European operations.
If you currently own ENPH and purchased prior to April 25, 2023 please contact Sophia Anne Silayan by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
Bessemer Group Inc. raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 5,481.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,974 shares of the semiconductor company’s stock after acquiring an additional 111,932 shares during the quarter. Bessemer Group Inc. owned approximately 0.09% of Enphase Energy worth $4,309,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Monaco Asset Management SAM purchased a new stake in Enphase Energy in the 4th quarter valued at $2,724,000. Vanguard Group Inc. increased its stake in shares of Enphase Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock worth $523,365,000 after acquiring an additional 246,876 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Enphase Energy during the 1st quarter worth $2,193,000. M&T Bank Corp raised its holdings in shares of Enphase Energy by 319.6% during the 4th quarter. M&T Bank Corp now owns 72,941 shares of the semiconductor company’s stock worth $2,338,000 after acquiring an additional 55,557 shares during the period. Finally, Swedbank AB boosted its position in shares of Enphase Energy by 11.3% during the 4th quarter. Swedbank AB now owns 584,898 shares of the semiconductor company’s stock valued at $18,746,000 after acquiring an additional 59,500 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.
Insider Activity In related news, Director Shanker Trivedi acquired 1,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $53.91 per share, with a total value of $53,910.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $53,910. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $67.50 per share, with a total value of $337,500.00. Following the acquisition, the chief executive officer directly owned 1,645,632 shares in the company, valued at $111,080,160. The trade was a 0.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.90% of the company’s stock.
Analysts Set New Price Targets A number of equities research analysts recently issued reports on the stock. Glj Research reissued a “sell” rating and issued a $21.70 price objective on shares of Enphase Energy in a report on Thursday, June 11th. Wall Street Zen raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Wells Fargo & Company decreased their target price on shares of Enphase Energy from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Sanford C. Bernstein assumed coverage on shares of Enphase Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $56.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Enphase Energy from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average price target of $46.20.
Read Our Latest Research Report on ENPH
Enphase Energy Stock Down 5.1% Shares of NASDAQ:ENPH opened at $39.46 on Tuesday. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 39.07 and a beta of 1.62. Enphase Energy, Inc. has a 12-month low of $25.77 and a 12-month high of $73.74. The business has a 50-day moving average price of $51.95 and a 200 day moving average price of $43.60. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last posted its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.27 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. Enphase Energy’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. Sell-side analysts expect that Enphase Energy, Inc. will post 0.82 EPS for the current year.
Enphase Energy Company Profile (Free Report)
Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.
The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.
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FREMONT, Calif., July 21, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced a new upgrade for European homeowners with existing second-generation Enphase IQ® Battery 3T™ and IQ® Battery 10T™ systems. Customers can now add home backup and expand their storage capacity with the latest Enphase products while continuing to use the batteries they already own.
The new capability protects the homeowner’s original investment while allowing the energy system to evolve as household needs grow. Customers can add more storage as they adopt electric vehicles, heat pumps, and other electric appliances, while also gaining backup power during grid outages.
The second-generation batteries currently operate in grid-tied mode, storing solar energy for use when the grid is available, but they do not provide backup power during an outage. The new capability changes that. When the grid goes down, the IQ® System Controller safely disconnects the home from the grid, allowing the solar and battery system to continue powering the home.
The capability is available in Germany, the Netherlands, France, Belgium, Sweden, Switzerland, Luxembourg, Austria, Spain, Denmark, Portugal, Greece, and Finland. Homeowners have two flexible upgrade paths that can be configured by an Enphase-certified installer through the Enphase® Installer App:
Add backup to an existing system. Homeowners with second-generation IQ® Batteries can add an IQ System Controller to keep loads powered during grid outages. Single-phase homes can gain whole-home backup, while three-phase homes can back up a designated phase, with the homeowner and installer determining which essential circuits remain powered.Expand storage – with or without backup. Homeowners can add third-generation IQ® Battery 5P™ units alongside their existing batteries to increase storage capacity, whether the system remains grid-tied or is upgraded with backup. In three-phase homes, IQ Battery 5P with FlexPhase™ technology can enable backup across all three phases when paired with an IQ System Controller. Existing batteries continue operating as part of the expanded system. "Our customers' needs keep growing as they add heat pumps and electric cars," said Theo Schmalbruch, CEO of Theo Tec GmbH, an installer of Enphase products in Germany. "Now we can expand the storage they already have and add backup on top, all without replacing the batteries they previously installed."
"French families want real energy independence, and backup power is what makes it tangible," said Lionel Bertholet, co-CEO and technical director at REPV, an installer of Enphase products in France. "Keeping the lights on during an outage, using an existing system that has run for years, is exactly what our customers are asking for."
“When customers choose Enphase, they are investing in more than an individual product – they are investing in a home energy platform designed to improve and expand over time,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “Our customers can now combine batteries from different generations, add backup, and expand capacity without abandoning their original investment. That is what a truly future-ready energy system should deliver.”
The new capability is enabled through a software update to the IQ® Gateway, including the gateway embedded in the IQ System Controller, and is designed to work with most existing Enphase IQ Battery installations in Europe. All installed batteries remain covered under existing Enphase warranties.
Homeowners interested in adding backup or expanding their systems can contact an Enphase-certified installer. Installers can find training and system-configuration guidance at Enphase University and in the Enphase Installer App. For more information, visit the Enphase regional websites for Germany, the Netherlands, and France, with additional countries to follow shortly.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release contains forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy's IQ Battery systems, IQ System Controller, IQ Gateway, and related products and technology, including backup functionality, system expansion, compatibility, safety, quality, and reliability; the ability of homeowners with existing IQ Battery 3T and IQ Battery 10T systems to add backup capabilities and increase energy storage capacity while continuing to use previously installed batteries; the expected benefits of adding an IQ System Controller and IQ Battery 5P systems, including whole-home backup, backup of designated loads, and expanded storage capacity; and the ability of installers and homeowners to upgrade existing systems through software updates and additional hardware. These forward-looking statements are based on Enphase Energy's current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, customer and installer adoption of backup and storage expansion solutions; product performance and reliability under actual operating conditions; compatibility of existing and future hardware, software, and system configurations; the successful deployment and operation of software updates; changes in regulatory, grid interconnection, certification, or compliance requirements; market demand for residential energy storage and backup power solutions; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law or otherwise.
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $39.46, moving -5.08% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.19%. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 0.05%.
Shares of the solar technology company witnessed a loss of 20.49% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.6%, and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Enphase Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on July 28, 2026. The company's earnings per share (EPS) are projected to be $0.46, reflecting a 33.33% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $292.17 million, indicating a 19.55% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.1 per share and revenue of $1.22 billion, which would represent changes of -29.05% and -16.99%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enphase Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.15% downward. At present, Enphase Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Enphase Energy is presently being traded at a Forward P/E ratio of 19.81. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 19.81.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
FREMONT, Calif., July 16, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today highlighted the safety and reliability of its IQ® EV Charger 2, now available across European markets. As home charging becomes increasingly important to EV owners, the IQ EV Charger 2 brings together robust thermal engineering, independent certifications, and built-in safety protections to deliver reliable performance across Europe’s varied climates.
Many EV chargers reduce their output as temperatures rise, a behavior known as thermal derating that can slow charging on hot days or during long sessions. The IQ EV Charger 2 is engineered to reduce thermal derating across a broad range of operating conditions, helping homeowners get consistent charging performance year-round while maintaining safe operation.
The IQ EV Charger 2 is engineered to operate across an ambient temperature range of –40°C to 55°C and at altitudes up to 2,500 meters. Its thermal design is built to sustain consistent charging output as temperatures rise, minimizing performance drop-off in hot conditions. Housed in a rugged IP55- and IK10-rated enclosure, the charger is weatherproof and impact-resistant for both indoor and outdoor installation. It supports single-phase and three-phase wiring with configurable power up to 32 A per phase and features automatic phase switching.
Safety is engineered in from the hardware up. The IQ EV Charger 2 is safety certified by TÜV Rheinland, an independent testing organization, with energy-metering certification by NMI. The charger carries CE marking and complies with the applicable European standards for EV supply equipment, including IEC/EN 61851-1, IEC/EN 61851-21-2, IEC/EN 62196, and IEC/EN 62955, along with other market-specific certifications. In France, the charger has earned E.V. READY certification. It incorporates layered hardware protection, including overvoltage protection, overcurrent detection, an integrated residual direct current detecting device (RDC-DD), relay weld detection, and PEN fault detection, working together to help protect the vehicle, the home electrical system, and the user during charging.
Beyond its hardware, the IQ EV Charger 2 works with Enphase solar and battery systems or as a standalone charger, offering dynamic load balancing, a certified Class B MID energy meter with +/- 1% accuracy for energy tracking, and smart charging that can prioritize surplus solar energy. Every IQ EV Charger 2 activated in supported European markets is backed by an industry-leading five-year warranty and 24/7 customer support from Enphase.
"When we offer a charger, it has to perform reliably in the field, every day and in every season," said Jannik Schall, chief product officer and co-founder of 1KOMMA5°. "The IQ EV Charger 2 delivers the consistent performance and build quality our customers expect, with fewer surprises for them and for our installers."
"Our customers trust the IQ EV Charger 2 to safely power one of their most important investments, their vehicle, every single day," said Sabbas Daniel, senior vice president of sales at Enphase Energy. "That trust is earned through rigorous engineering, independent certification, and layers of built-in protection, backed by an industry-leading five-year warranty and around-the-clock support. We designed it to be dependable for the long haul."
The IQ EV Charger 2 is available across European markets in socketed and tethered configurations. The tethered configuration includes a rugged 7.5-meter charging cable with a Type 2 connector for installation flexibility. For more information about the IQ EV Charger 2, visit the applicable Enphase regional websites. Additional engineering and testing information is available in the IQ EV Charger 2 white paper.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release contains forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy's IQ EV Charger 2 in European markets, including safety, quality, reliability, durability, and charging performance; the ability of the IQ EV Charger 2 to minimize thermal derating and provide consistent charging performance across a wide range of operating conditions; the expected benefits of the charger's thermal design, hardware protections, certifications, and compliance with applicable standards; the compatibility of the IQ EV Charger 2 with Enphase solar and battery systems; the availability of the IQ EV Charger 2 across European markets; and the scope and terms of Enphase's warranty and customer support offerings. These forward-looking statements are based on Enphase Energy's current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, market demand for EV charging solutions; customer and installer adoption of the IQ EV Charger 2; competitive developments; changes in electric vehicle adoption rates; changes in regulatory, certification, or compliance requirements; product performance and reliability under actual operating conditions; compatibility with third-party vehicles, energy systems, and software platforms; manufacturing and supply chain costs and constraints; the availability and timing of product deliveries; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
I initiate coverage on Enphase Energy with a Buy rating despite ongoing top- and bottom-line headwinds. ENPH has delivered four consecutive double beats, consistently surpassing analyst expectations and demonstrating management credibility. Above-market margins and potential catalysts, such as the IQ SST Architecture, support a constructive long-term outlook.
On July 13, 2026, Enphase Energy Inc (ENPH) shares fell 4.0% to a current price of $43.06. This decline comes amidst a challenging stock performance, with the s
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $43.06, moving -3.95% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.79% for the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 1.55%.
Heading into today, shares of the solar technology company had lost 17.88% over the past month, lagging the Oils-Energy sector's loss of 3.33% and the S&P 500's gain of 4.28%.
Investors will be eagerly watching for the performance of Enphase Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 28, 2026. In that report, analysts expect Enphase Energy to post earnings of $0.46 per share. This would mark a year-over-year decline of 33.33%. Meanwhile, our latest consensus estimate is calling for revenue of $292.17 million, down 19.55% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.1 per share and revenue of $1.22 billion, which would represent changes of -29.05% and -16.99%, respectively, from the prior year.
Any recent changes to analyst estimates for Enphase Energy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.2% decrease. Enphase Energy currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Enphase Energy is presently trading at a Forward P/E ratio of 21.37. This signifies no noticeable deviation in comparison to the average Forward P/E of 21.37 for its industry.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
NEW YORK, July 13, 2026 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Enphase Energy, Inc. (NASDAQ: ENPH) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Enphase Energy misrepresented to investors that: (i) Enphase's European operations were experiencing rapid and robust growth; (ii) customer demand across major European markets, including the Netherlands and Germany, remained strong; (iii) any softness in those markets was temporary, with fundamentals remaining strong; and (iv) by early 2024, Europe had recovered and stabilized for Enphase’s business purposes. According to the lawsuit, the Company also consistently minimized the effects that an influx of lower-priced Chinese competitors was having on Enphase's European operations.
If you currently own ENPH and purchased prior to April 25, 2023 please contact Sophia Anne Silayan by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
Enphase Energy (ENPH - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this solar technology company have returned -17.9% over the past month versus the Zacks S&P 500 composite's +4.3% change. The Zacks Solar industry, to which Enphase Energy belongs, has lost 6.8% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Enphase Energy is expected to post earnings of $0.46 per share for the current quarter, representing a year-over-year change of -33.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -6.3%.
The consensus earnings estimate of $2.1 for the current fiscal year indicates a year-over-year change of -29.1%. This estimate has changed -1.2% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.53 indicates a change of +20.4% from what Enphase Energy is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Enphase Energy is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Enphase Energy, the consensus sales estimate of $292.17 million for the current quarter points to a year-over-year change of -19.6%. The $1.22 billion and $1.34 billion estimates for the current and next fiscal years indicate changes of -17% and +9.9%, respectively.
Last Reported Results and Surprise HistoryEnphase Energy reported revenues of $282.9 million in the last reported quarter, representing a year-over-year change of -20.6%. EPS of $0.47 for the same period compares with $0.68 a year ago.
Compared to the Zacks Consensus Estimate of $283.56 million, the reported revenues represent a surprise of -0.23%. The EPS surprise was +9.3%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enphase Energy is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enphase Energy. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
FREMONT, Calif., July 13, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced the launch of the new IQ9N™ Microinverter for residential solar in Australia and New Zealand, continuing the product's global rollout following recent launches across Europe and the United States. Built with gallium nitride (GaN) technology, IQ9N Microinverters are designed for the latest high-power solar panels and backed by an industry-leading 25-year limited warranty.
IQ9N Microinverters support 16 A of continuous DC current and 427 VA of continuous output power to help maximize energy production from each module. They are backward compatible with IQ7™ and IQ8™ Series Microinverters and compatible with IQ® Batteries, enabling homeowners and installers to expand existing Enphase systems using similar installation methods and accessories. GaN technology enables peak efficiency of up to 97.95% and cooler operation.
IQ9N Microinverters optimize energy from each panel across partial shading, complex roof layouts, and high-temperature conditions, making them well suited to the Australian climate. Enphase’s GaN architecture reduces conduction losses and heat while supporting long-term reliability and consistent performance across seasons. Read the technical white paper, "Enphase Adoption of GaN Bi-Directional Switch Technology for Distributed Power Electronics," for more details.
Like all Enphase microinverters, IQ9N Microinverters convert DC to AC at each panel, eliminating long high-voltage DC runs used in traditional string inverter designs and delivering a safer, all-AC architecture on the roof. Per-panel power conversion also keeps the rest of the system producing even if one panel is shaded, soiled, or offline.
“With some of the highest rooftop solar penetration anywhere in the world, Australian homeowners expect their systems to turn every available ray of sunshine into real savings,” said Kallan Smith, director at GoSolar Newcastle, an installer of Enphase products in the Hunter region of New South Wales, Australia. “IQ9N Microinverters bring Enphase’s latest GaN-based technology to the roof, helping maximize production from each panel while pairing seamlessly with Enphase IQ Batteries to create a truly state-of-the-art, unified home energy system.”
“New Zealand homes need solar technology that can handle real-world conditions – coastal air, fast-changing weather, complex rooflines, and the growing use of higher-power panels,” said James Reid, solar team leader at ElectraServe, an installer of Enphase products in Canterbury, New Zealand. "IQ9N Microinverters let us pair the latest panels with per-panel optimization that captures energy other architectures leave on the roof. Additionally, they enable simple expansion and coupling to the latest technologies."
"Homeowners here want solar that performs for decades, not just on day one," said Luke Rose, director at Helcro Solar, an installer of Enphase products in Greater Melbourne in Victoria, Australia. "The efficiency, reliability, and 25-year warranty of IQ9N Microinverters give us complete confidence in every system we design."
IQ9N Microinverters meet rigorous grid compliance standards, including AS/NZS 4777.2:2020, and are CEC listed. A double-insulated, corrosion-resistant polymer housing and -40°C to +65°C operating range enable them to withstand extreme weather conditions. Built-in rapid shutdown capability helps reduce risk to utility workers and first responders. Homeowners can monitor system performance at the panel level, receive real-time alerts, and benefit from over-the-air software updates through the Enphase® App.
"Australia is one of the world’s most advanced rooftop solar markets and a natural next step in the global expansion of IQ9N Microinverters," said Ken Fong, senior vice president and general manager for Americas and Asia Pacific at Enphase Energy. "IQ9N Microinverters combine our proven distributed architecture with GaN technology in a compact form factor for residential solar.”
IQ9N Microinverters are currently available through Enphase distribution partners in Australia and New Zealand. Learn more about IQ9N Microinverters on the Enphase website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release contains forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy's IQ9N Microinverters and related technology, including safety, quality, and reliability; the suitability of IQ9N Microinverters for residential solar applications and the latest high-power residential solar panels; the expected benefits of gallium nitride-based technology, including higher efficiency, cooler operation, and optimized performance across conditions; the expected benefits of Enphase's distributed microinverter architecture; the availability and timing of IQ9N Microinverter shipments in Australia and globally; the compatibility of IQ9N Microinverters with existing Enphase systems and IQ Batteries; anticipated homeowner and installer adoption of IQ9N Microinverters in Australia and New Zealand; and the scope and terms of Enphase's limited warranty. These forward-looking statements are based on Enphase Energy's current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements. Such risks include, but are not limited to, market demand; competitive developments; changes in incentive programs and regulatory or compliance requirements; the pace of residential solar adoption in Australia, New Zealand, and other markets; manufacturing and supply chain constraints; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
FREMONT, Calif., July 09, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that it has opened pre-orders for the 20th anniversary limited edition IQ® PowerPack 1500, a smart, portable power station designed to provide reliable power at home, at work, and outdoors.
The limited-edition IQ PowerPack 1500 will be available in black and silver finishes with a commemorative 20th anniversary design. Customers can pre-order the product and related bundles through the Enphase Store with limited-time pre-order pricing. Shipments are expected to begin Aug. 15, 2026.
The IQ PowerPack 1500 provides 1,500 Wh of portable energy and can power multiple devices and small appliances through 11 output ports. It can be charged from a standard electrical outlet, compatible portable solar panels, or a DC 12 V source, and can be monitored and managed through the Enphase® App.
"I run my whole audio system off the IQ PowerPack 1500, and the unit is great," said Kevin Chuang, an Enphase IQ PowerPack 1500 customer and audio enthusiast in Hacienda Heights, California. "It powers my full setup for an estimated nine hours on a charge, and the good app gives me a lot of interesting monitoring details."
"I've spent my career investing in energy and resilience, so I have high standards for the technology I put in my own home," said Ray Rothrock, an Enphase customer and veteran energy and cybersecurity investor. "IQ PowerPack is a great product. It pairs with my IQ Battery 5P system and generator backup to give me reliable power whatever the day brings."
“When the grid went down, my IQ PowerPack kept our fans, lights, TV, and refrigerator running without a hitch,” said Luis A Torres, an Enphase IQ PowerPack 1500 customer based in Mascotte, Florida. “The IQ PowerPack is also my go-to for camping trips—reliable backup power that always comes through.”
“The IQ PowerPack 1500 extends Enphase’s commitment to reliable, intelligent energy into portable power,” said Badri Kothandaraman, president and CEO of Enphase Energy. “As we mark Enphase’s 20th anniversary, we are pleased to offer customers a special-edition product with limited-time pre-order pricing, designed to support backup power, outdoor activities, and everyday energy needs.”
The IQ PowerPack 1500 includes a bright LCD touchscreen and supports Wi-Fi®, Bluetooth®, and cellular connectivity for remote monitoring, software updates, and troubleshooting. The IQ PowerPack 1500, IQ® Portable Panels, and IQ® Cart each come with a 5-year limited warranty.
To learn more or pre-order the 20th anniversary limited edition IQ PowerPack 1500, visit the Enphase Store.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to the expected availability, shipment timing, features, capabilities, performance, reliability, pricing, promotional offers, and benefits of Enphase Energy’s products described in this release, including the IQ PowerPack 1500, IQ Portable Panels, IQ Cart, and related bundles. These forward-looking statements are based on Enphase Energy’s current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, supply availability, logistics, customer demand and adoption, product performance and other factors discussed in Enphase Energy’s filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy’s most recently filed Annual Report on Form 10-K and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
FREMONT, Calif., July 08, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today opened pre-orders for IQ® Air, a smart thermostat with an in-home power display for the Enphase® Energy System. IQ Air gives homeowners temperature control at the wall, real-time visibility into solar production, battery performance, and home power use, while the Enphase® App provides whole-home energy management.
As homes add solar, batteries, and more dynamic electricity rates, the thermostat is becoming a more important point of interaction. IQ Air brings live home power information into that daily experience, helping homeowners see how comfort decisions relate to the rest of the home energy system.
Heating and cooling are typically among the largest controllable loads in a home. IQ Air is designed to use AI and intelligent software controls to optimize HVAC operation with awareness of solar production, battery state of charge, time-of-use rates, weather forecasts, and virtual power plant (VPP) events. The thermostat display shows live solar production, battery activity, home load, and system status, while allowing temperature control from the wall.
Based on Enphase modeling, these capabilities are designed to help homeowners save up to an additional $275 per year through time-of-use load shifting, utility demand response credits, HVAC optimization, and battery export optimization. Actual savings will depend on system configuration, climate, local programs, HVAC equipment, and utility rate structure.
IQ Air supports homes with more than one HVAC zone. The IQ Air for primary zone control serves as the main in-home power display, showing live solar, battery, and home power while also controlling the temperature for that zone. IQ Air for secondary zone control can be added for additional HVAC zones, giving larger homes a consistent Enphase thermostat experience.
IQ Air combines an HD color touchscreen, proximity sensing, auto-dimming, humidity and ventilation control, guided commissioning through the Enphase App, Wi-Fi, and a dedicated built-in cellular connection to the Enphase Cloud. It is designed to work with most 24 V HVAC systems and can typically be installed by homeowners or installers in about 10 minutes.
For installers, IQ Air creates a visible entry point into the Enphase product platform. The primary unit gives customers an everyday view of system performance, while secondary units create an expansion path for larger homes and multi-zone HVAC systems.
"We can put IQ Air on the wall during the site survey, before a single panel goes up, and homeowners can be engaged with their Enphase system on day one," said Jeremy Jones, managing director at Evolved Energy. "It wires up in about 10 minutes a zone, with the app walking us through every step, and it gives us a reason to go back to every customer we've ever installed for and talk batteries, EV chargers, and expansions."
"IQ Air is the easiest savings pitch we have because it's optimizing the biggest load in the house against solar, batteries, and rates automatically," said Justin Appleton, owner of Appleton Energy Systems. "It works with nearly every 24 V system we touch; homeowners finally have a screen on the wall showing what their system is doing, and that makes the whole Enphase platform an easier sell."
“IQ Air brings Enphase intelligence to one of the most familiar control points in the home,” said Ravi Pervela, senior vice president of cloud, security, and HEMS at Enphase Energy. “Homeowners can manage comfort, view live power flow at the wall, and use the Enphase App for broader control across solar, batteries, rates, and grid programs.”
The IQ Air smart thermostat is available for pre-order online and through Enphase distribution partners, with shipments expected to begin in August 2026. For more information, visit the Enphase website for homeowners and installers.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to the expected capabilities, performance, availability, timing, user experience, installer adoption, and homeowner energy savings of IQ Air; its integration with Enphase solar, battery, HVAC, home energy management, VPP, utility rate, and demand response programs; and future features delivered through over-the-air software updates. These statements are based on current expectations and involve risks and uncertainties. Actual results may differ materially due to changes in market demand, electricity pricing, utility programs, product performance, compatibility, availability, and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K. Enphase Energy undertakes no obligation to update these statements, except as required by law.
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $42.99, moving -3.5% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.16%.
Shares of the solar technology company witnessed a loss of 21.68% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 5.87%, and the S&P 500's gain of 2.14%.
The upcoming earnings release of Enphase Energy will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 34.78% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $291.74 million, indicating a 19.66% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.12 per share and revenue of $1.23 billion, which would represent changes of -28.38% and -16.78%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enphase Energy. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.1% higher. Enphase Energy is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Enphase Energy is currently exchanging hands at a Forward P/E ratio of 20.98. Its industry sports an average Forward P/E of 20.98, so one might conclude that Enphase Energy is trading at no noticeable deviation comparatively.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 70, finds itself in the top 29% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
FREMONT, Calif., July 07, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today that it will host a conference call and webcast on Tuesday, July 28, 2026 at 4:30 p.m. Eastern Time to discuss its second quarter 2026 financial results for the period ended June 30, 2026. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call.
What:Enphase Energy’s Second Quarter 2026 Financial Results Earnings Conference Call and Webcast Date:Tuesday, July 28, 2026 Time: 4:30 p.m. Eastern Time Live Call:833.634.5018 International: +1.412.902.4214 Replay:United States/Canada: 855.669.9658
International: +1.412.317.0088
Replay access code: 8131398 About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
Solar stocks are ripping higher in Monday trading, led by a bullish Wells Fargo note on the sector’s biggest domestic manufacturer. First Solar (NASDAQ:FSLR | FSLR Price Prediction) shares are up 5% to $236.52, while SolarEdge Technologies (NASDAQ:SEDG) stock is the biggest mover at +8% to $56.58.
Meanwhile, Canadian Solar (NASDAQ:CSIQ) shares are up 7% to $15.41, and Enphase Energy (NASDAQ:ENPH) stock is up 5% to $45.32. The Invesco Solar ETF (NYSEARCA:TAN), a solar sector proxy fund, is up 3% to $57.85.
Wells Fargo Price Target Raise Anchors the Rally The catalyst is a First Solar note from Wells Fargo. Analyst Praneeth Satish lifted the First Solar price target to $320 from $255 and reiterated an Overweight rating. That’s a price target raise while the Overweight rating stays intact.
Satish flagged “asymmetric upside” tied to the U.S. Department of Commerce’s Section 232 investigation into imported polysilicon, launched in July 2025 and expected to conclude by early August. A favorable ruling could ease polysilicon access for domestic producers and lift U.S. solar module pricing. The new Wells Fargo target sits well above the $247 analyst consensus, and it aligns with First Solar stock’s 52-week high of $320.95.
First Solar’s fundamentals give the call something to lean on. The company reported Q1 2026 EPS of $3.22 on revenue of $1.04 billion, both ahead of estimates, and management reaffirmed full-year net sales guidance of $4.9 billion to $5.2 billion. The 47.9 GW contracted backlog and CdTe thin-film technology keep First Solar structurally independent from Chinese crystalline silicon supply chains.
Peers Ride the Sector Wave Without a Company-Specific Catalyst SolarEdge, Canadian Solar, and Enphase didn’t receive their own Wells Fargo notes. Their gains are a sector rally trade, with investors positioning ahead of the Section 232 decision that could reprice the entire U.S. solar stack. SolarEdge stock has been the standout year to date, up 99%, and Enphase shares are up 43% over the same stretch.
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The year-to-date picture varies widely across the group. First Solar stock is still down 9% year to date after a volatile stretch, and Canadian Solar shares are down 35% year to date. That gap tells you today’s move is more about a shared policy catalyst than any convergence in company fundamentals. The Invesco Solar ETF, a diversified sector basket, captures that volatility, and thematic ETFs of this kind can swing hard on single policy headlines.
The Bear Case Investors Can’t Ignore Some sell-side analysts remain skeptical. Bernstein carries an Underperform rating on First Solar with a $217 target, arguing the company’s profitability leans heavily on government tax credits that could change with future policy shifts. First Solar’s IRA Section 45X manufacturing benefit is a real earnings driver, and that dependence cuts both ways.
The Section 232 outcome itself isn’t guaranteed to land in solar’s favor. The investigation may or may not produce a favorable ruling, and even a bullish outcome may already be partly priced into names like SolarEdge and Enphase. First Solar shares trade at a forward P/E ratio of 14x, which looks reasonable, but the story hinges on policy.
What to Watch The Section 232 polysilicon decision expected by early August is the next hard catalyst for the entire group. Traders can watch for whether First Solar stock holds above $235 into the close, and whether the broader TAN basket confirms today’s breakout with follow-through buying.
These are policy-sensitive, high-beta names. For investors sizing their exposure, a modest position that respects the binary nature of the tariff outcome may make more sense than chasing the solar-stock rally on a single-day pop.
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Enphase Energy (ENPH - Free Report) ended the recent trading session at $46.84, demonstrating a -4.87% change from the preceding day's closing price. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq depreciated by 0.66%.
Coming into today, shares of the solar technology company had lost 31.92% in the past month. In that same time, the Oils-Energy sector lost 4.76%, while the S&P 500 lost 1.21%.
Investors will be eagerly watching for the performance of Enphase Energy in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.45, signifying a 34.78% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $291.74 million, indicating a 19.66% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.12 per share and revenue of $1.23 billion, which would represent changes of -28.38% and -16.78%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Enphase Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 1.1% rise in the Zacks Consensus EPS estimate. Right now, Enphase Energy possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Enphase Energy is presently being traded at a Forward P/E ratio of 23.19. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 23.19.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 87, finds itself in the top 36% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In an exclusive email interview with Benzinga, Zachary Freedman, Vice President and Head of Investor Relations at Enphase Energy, argued that investors continue to view the company through the lens of one end market, even as its technology expands into batteries, EV charging and, most recently, AI infrastructure.
“We are becoming more than just a solar company and are now expanding into AI infrastructure,” Freedman said.
Beyond SolarAccording to Freedman, Enphase’s latest push into AI infrastructure isn’t a departure from its business—it’s an extension of the same semiconductor technology that has powered its products for years.
“Our core semiconductor-based power conversion technology has always had applicability beyond solar,” he said. “Our first expansion was into batteries in 2020, then EV chargers after that, and now we are embarking on our largest expansion to date into AI power infrastructure.”
That expansion centers around the company’s IQ Solid-State Transformer (IQ SST), which applies Enphase’s power conversion technology to one of AI’s fastest-growing challenges: powering data centers more efficiently.
A Bigger StoryFreedman believes investors continue to associate Enphase primarily with residential solar cycles, overlooking a broader technology platform.
“Many investors still price us as a residential solar story tied to one cycle,” he told Benzinga. “The long-term story is a power semiconductor platform that travels across markets: solar, storage, EV charging, and now AI infrastructure.”
He added, “Same core technology, an expanding set of large markets. The name is Enphase Energy for a reason.”
That shift could prove meaningful as companies across the AI ecosystem race to build new data centers.
The AI Opportunity“It is not a shift, it is an expansion,” Freedman said when asked whether the AI race has moved from GPUs to power infrastructure. “The chips are extraordinary. But a chip is only as useful as the power you can deliver to it.”
He argues that AI’s next challenge is delivering reliable, efficient electricity to increasingly power-hungry data centers.
“Power is the constraint,” Freedman said. “The question is no longer how fast you can compute, it is how efficiently you can power and cool it.”
As hyperscalers continue investing billions in AI infrastructure, companies exposed to power equipment, electrical distribution and grid technologies have increasingly emerged as beneficiaries alongside semiconductor names.
The Bigger PictureFor Enphase, AI represents more than just another product opportunity.
Management believes it could fundamentally broaden how investors think about the company.
Rather than seeing Enphase as a business tied mainly to residential solar demand, Freedman argues it should be viewed as a power‑semiconductor platform with reach across multiple high‑growth markets — including AI infrastructure.
Whether investors ultimately embrace that view remains to be seen.
But if AI spending continues shifting attention beyond GPUs and toward the infrastructure needed to power them, Enphase believes the market may eventually start viewing the company very differently.
Photo Courtesy Enphase Energy PR
Market News and Data brought to you by Benzinga APIs
Enphase Energy (ENPH - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this solar technology company have returned -31.9%, compared to the Zacks S&P 500 composite's -1.8% change. During this period, the Zacks Solar industry, which Enphase Energy falls in, has lost 23.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Enphase Energy is expected to post earnings of $0.45 per share for the current quarter, representing a year-over-year change of -34.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.7%.
For the current fiscal year, the consensus earnings estimate of $2.12 points to a change of -28.4% from the prior year. Over the last 30 days, this estimate has changed +1.1%.
For the next fiscal year, the consensus earnings estimate of $2.52 indicates a change of +18.9% from what Enphase Energy is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Enphase Energy is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Enphase Energy, the consensus sales estimate for the current quarter of $291.74 million indicates a year-over-year change of -19.7%. For the current and next fiscal years, $1.23 billion and $1.34 billion estimates indicate -16.8% and +9.6% changes, respectively.
Last Reported Results and Surprise HistoryEnphase Energy reported revenues of $282.9 million in the last reported quarter, representing a year-over-year change of -20.6%. EPS of $0.47 for the same period compares with $0.68 a year ago.
Compared to the Zacks Consensus Estimate of $283.56 million, the reported revenues represent a surprise of -0.23%. The EPS surprise was +9.3%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enphase Energy is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enphase Energy. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Enphase Energy (ENPH) rose 15.83% in premarket after Northland Capital named the company a preferred pick on rising electricity costs and El Niño-driven heat,
Enphase Energy ENPH stock is inching higher on Tuesday amidst a powerful mix of geopolitical catalysts and corporate positioning.
Investors cheered the company’s shares following a fresh Reuters report that the FCC is drafting a proposal to ban imports of foreign energy inverters – specifically targeting Chinese hardware.
Despite today’s surge, Enphase shares remain down more than 30% versus their recent high.
According to Reuters, the Federal Communications Commission is considering prohibiting import of foreign energy inverters mostly because of national security and power grid disruption concerns.
Because Enphase is a domestic heavyweight in microinverter technology, any sweeping restriction or tariff on Chinese rivals clears a massive structural runway for it to reclaim market share.
It would accelerate reshoring, push installers toward trusted US suppliers, and lift average selling prices (ASPs) across the category as lower-cost Chinese units face new friction.
In short, with regulatory tailwinds strengthening and domestic reliability becoming policy priority, the firm’s premium microinverter portfolio stands to benefit from both higher demand and improved pricing.
It’s a structurally compelling setup that may drive ENPH shares higher through year-end.
Note that the company’s peers, including SolarEdge (SEDG) is also extending gains on Jun. 30.
Enphase stock is also in the green because the Nasdaq-listed firm captured the artificial intelligence (AI) infrastructure tailwind this morning.
In a press release on Tuesday, the company confirmed that it has joined the Open Compute Project (OCP) Foundation as a Platinum member.
ENPH is positioning its distributed power electronics experience to help design open standards for next-gen, high-voltage DC rack architectures required by power-hungry AI workloads.
The company is actively leveraging this to build momentum for its upcoming IQ® SST, which is designed to convert medium-voltage AC power directly to low-voltage DC for AI data centers.
Note that Enphase Energy, despite a recent pullback, remains up some 40% year-to-date.
While policy tailwinds and data center entries offer a strong narrative shift, the commercial reality will likely unfold over a multi-year horizon.
Enphase’s IQ® SST platform features an innovative gallium nitride (GaN) “bi-directional” switch architecture designed to hit 98.5% efficiency.
However, hyperscale data center operators often require extensive, multi-year validation cycles.
ENPH targets initial system demonstrations for later this year, with customer pilots slated for 2027 and volume shipments expected in 2028.
For investors, this timeline means the financial payoff from the AI infrastructure segment will lag behind current headlines.
Nonetheless, by establishing a domestic regulatory moat and embedding itself into future open compute standards today, ENPH stock is successfully diversifying its long-term growth vectors well beyond the volatile residential solar market.
FREMONT, Calif., June 30, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that it has joined the Open Compute Project (OCP) Foundation as a Platinum member. Through its membership, Enphase expects to participate in OCP's Community efforts to develop open standards for next-generation data center power infrastructure, including emerging higher-voltage direct current (DC) rack power architectures for AI workloads.
The OCP Foundation is a leading open-source community advancing data center technology, bringing together hyperscalers, suppliers, and innovators to share designs and best practices across power, cooling, networking, and other strategic areas. As AI compute drives rapidly rising rack power requirements, the industry is moving toward higher-voltage DC architectures, including ±400 VDC and 800 VDC, which may require new approaches to AC-to-DC power conversion and distribution.
As a Platinum member, Enphase intends to contribute its two decades of distributed power electronics experience to OCP's power-related projects. Enphase recently announced the development of its IQ® Solid-State Transformer (IQ® SST), a distributed architecture designed to support AI data center power conversion. Enphase believes open industry collaboration will be an important part of developing the standards that may shape this emerging market.
“Open collaboration is essential to solving hard infrastructure problems at scale, and AI data center power is no exception,” said Badri Kothandaraman, president and CEO of Enphase Energy. “We are proud to join the Open Compute Project and contribute our distributed power electronics experience to the Community’s work on next-generation data center power. We believe open standards can help the ecosystem deliver power infrastructure that is more reliable, serviceable, and scalable.”
“We are excited to welcome Enphase Energy to the Open Compute Project as a Platinum member,” said George Tchaparian, CEO of the Open Compute Project Foundation. “Enphase’s decades of power and energy expertise are a natural fit as our Community works to standardize power architectures for the next generation of AI data centers.”
Enphase joins a growing community of nearly 700 OCP member organizations collaborating to make data center infrastructure more efficient, scalable, and open. To learn more about Enphase's work on AI data center power and its IQ SST architecture, visit the website. For a deeper technical view, read the IQ SST white paper, "IQ Solid-State Transformer: Intelligent Power for AI."
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to Enphase Energy's participation in and contribution to the Open Compute Project and the expected benefits of its membership; the anticipated direction of AI data center power architectures, including the transition to higher-voltage DC; and the expected capabilities, benefits, and role of the IQ Solid-State Transformer (IQ SST) in next-generation data center power infrastructure. These forward-looking statements are based on Enphase Energy's current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, the pace and direction of industry standardization efforts; technological development and validation risks; customer acceptance and adoption of new power architectures; changes in AI data center design standards and infrastructure requirements; market demand; competitive dynamics; execution risks related to new market entry; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
Enphase Energy Inc (NASDAQ:ENPH) is trading 12.8% higher at $54.55 before the bell, surging after news it has joined the Open Compute Project (OCP) as a Platinum Member. This will give the solar giant the ability to assist in developing baseline standards for AI power and infrastructure.
The energy giant was also named a 'preferred sector pick' at Northland Capital, with the firm citing rising energy demand and costs for solar and battery powered storage. There is plenty of room for more bullish attention, with 20 of the 29 covering analysts sporting a "hold" or "strong sell" recommendation.
Enphase energy shares have been falling this month, following a 52-week high of $73.74 on May 29. In fact, before its premarket gains, the stock was headed for its worst monthly loss since October 2023. The equity is still up 50.8% in 2026, however, and the pullback has found recent support at the 100-day moving average.
Options traders have been betting on a rebound. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), ENPH's 10-day call/put volume ratio of 6.82 ranks in the 97th annual percentile of its annual range.
Though short interest has been retreating, it still accounts for a hefty 19% of the stock's available float. It would take over three days for shorts to buy back, at ENPH's average pace of trading.
Meanwhile, the stock sports a Schaeffer's Volatility Scorecard (SVS) of 76 out of 100. This suggests the equity has consistently realized higher-than-expected volatility over the past 12 months.
Solar names are surging in early trading on Tuesday as an AI data center power narrative grips the sector. Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) stock is up 8% to $52.31, while SolarEdge Technologies (NASDAQ:SEDG) stock is up 8% to $59.81.
The catalyst is a fresh Enphase announcement tying its distributed power electronics work to the booming AI infrastructure build-out. SolarEdge is riding the same theme without a company-specific trigger.
Both stocks are bouncing off a rough recent stretch. Enphase shares closed yesterday at $48.34, and SolarEdge closed at $55.36.
Enphase Joins Open Compute Project to Push AI Power Standards Enphase Energy announced it has joined the Open Compute Project (OCP) Foundation as a Platinum member to help advance AI data center power standards. The company will contribute work on higher-voltage direct current (DC) rack power architectures, including emerging designs such as ±400 VDC and 800 VDC, which are increasingly central to next-generation AI workloads.
The move connects directly to Enphase’s recently announced IQ Solid-State Transformer (IQ SST), a distributed architecture designed for AI data center power conversion. CEO Badri Kothandaraman stated that “open collaboration is essential to solving hard infrastructure problems at scale” and that Enphase is proud to contribute its distributed power electronics experience to next-generation data center power.
For Enphase, this reframes a microinverter and battery company as a power-electronics player aimed at the largest electricity demand story in tech. Reportedly, Enphase is now part of the roughly 700-member OCP consortium, underscoring the scale of the standardization effort.
Investors may want to temper their enthusiasm, though. The IQ SST opportunity is emerging, and Enphase’s own release flagged forward-looking caveats around standardization pace, technology validation, customer adoption, and execution risks of new market entry. In other words, it’s not yet a proven revenue driver.
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SolarEdge Catches a Sympathy Bid SolarEdge has no company-specific news today. The move in SolarEdge stock looks like a sympathy bounce tied to the broader solar and AI-data-center-power enthusiasm sparked by Enphase.
That said, SolarEdge has flagged AI data center power as a strategic priority. On the company’s Q1 2026 call, CEO Shuki Nir said that SolarEdge has “shifted decisively to offense and are focused on rolling out the SolarEdge Nexis platform and advancing our AI data-center power roadmap.”
The fundamentals remain mixed. SolarEdge posted Q1 2026 revenue of $310.5 million, up 42% year over year, but the stock carries a forward P/E ratio of 200x and an average analyst price target of $43.38, well below today’s level.
Context and What to Watch Today’s pops sit on top of huge year-to-date runs. Enphase shares were up 51% year to date through yesterday’s close, while SolarEdge stock was up 92% year to date. Enphase carries a market cap of $6.37 billion and a forward P/E ratio of 23x.
Community sentiment around Enphase, per retail forums, points to a mix of heavy short-covering, bullish insider buying chatter, and high expectations for major partnerships in the power hardware sector. Investors may want to treat that as speculation rather than confirmed fact. A single-session move doesn’t reset the longer-term picture for either name.
Stock traders can watch for whether today’s gains hold into the close and whether peers in the solar and power-electronics complex follow through. The next data points to watch are Enphase’s next product update on the IQ SST and any read-through from hyperscaler power-procurement commentary. Cautious investors should consider keeping their position sizes modest given the volatility in both Enphase and SolarEdge shares.
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Enphase Energy (ENPH - Free Report) closed the most recent trading day at $47.21, moving -1.28% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.46%.
The solar technology company's shares have seen a decrease of 31.96% over the last month, not keeping up with the Oils-Energy sector's loss of 9.23% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. It is anticipated that the company will report an EPS of $0.46, marking a 33.33% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $291.74 million, down 19.66% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.12 per share and revenue of $1.23 billion, indicating changes of -28.38% and -16.78%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Enphase Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 22.52. For comparison, its industry has an average Forward P/E of 22.52, which means Enphase Energy is trading at no noticeable deviation to the group.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 28% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
FREMONT, Calif., June 23, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced the launch of the new IQ9N™ Microinverter for residential solar across the United States. Built with gallium nitride (GaN) technology, IQ9N Microinverters help enhance energy production from the latest high-power solar panels and are engineered to deliver peak performance over the system’s lifetime, with an industry-leading 97.5% CEC weighted efficiency and a 25-year limited warranty.
IQ9N Microinverters support 16 A of continuous DC current and 427 VA of continuous output power, pairing with today’s premium high-wattage residential solar panels to help maximize energy production from each module. They are backward compatible with IQ7™ and IQ8™ Series Microinverters and IQ® Batteries, enabling homeowners and installers to expand existing Enphase systems using similar installation methods and accessories.
GaN technology enables a peak efficiency of up to 97.8%, with cooler operation and optimized performance across conditions. Enphase’s GaN architecture reduces conduction losses and heat, improves long-term reliability based on engineering and lifecycle testing, maintains peak performance across seasons, and provides capacity to support emerging high-power solar panels. Read the technical white paper, "Enphase Adoption of GaN Bi-Directional Switch Technology for Distributed Power Electronics," for a more detailed view of Enphase's GaN architecture.
"Every hour our crew spends on a roof — and every time we have to go back — cuts into our margins," said Bill Ward, president at Elbac Solar. "The IQ9N Microinverters work with the installation process we already use, and because they're so dependable, we're not getting pulled back out for service calls. For installers, that's what a real win looks like."
"IQ9N Microinverters are a major leap forward in residential inverter performance," said Carlos Martínez Muñoz, president at Solar Roots, an installer of Enphase products in Puerto Rico. "The combination of GaN technology, higher efficiency, and support for the latest high-power panels lets us design better systems for our customers and unlock more energy from every roof."
IQ9N Microinverters are engineered to optimize energy from every panel across a wide range of conditions, including partial shading, complex roof layouts, and high-temperature environments. Like all Enphase microinverters, IQ9N Microinverters convert DC to AC at each panel, eliminating long high-voltage DC runs used in traditional string inverter designs and delivering a safer, all-AC architecture on the roof. Per-panel power conversion also keeps the rest of the system producing even if one panel is shaded, soiled, or offline.
"Enphase keeps setting the bar higher," said Mike Thompson, CEO of Golden Bear Solar. "IQ9N Microinverters pair perfectly with today's premium panels, and the distributed architecture means homeowners get more usable energy and a safer system on the roof."
"Homeowners want solar that just works, year after year, in any weather," said Kevin O'Donnell, CEO of O'Donnell Solar Co. "With IQ9N Microinverters, we can deliver that with confidence, and the cooler operating temperatures give us peace of mind on long-term reliability."
IQ9N Microinverters meet rigorous grid compliance standards and are NEMA Type 6 rated with a double-insulated, corrosion-resistant polymer housing and an operating temperature range of -40°C to +65°C, engineered to withstand extreme weather conditions. Built-in rapid shutdown capability helps reduce risk to utility workers and first responders. Homeowners can monitor system performance at the panel level, receive real-time alerts, and benefit from over-the-air software updates through the Enphase® App.
IQ9N Microinverters that are manufactured in U.S. facilities with domestic content are designed to be “FEOC compliant” (see Enphase website for details on “FEOC-compliant” products) and may help eligible projects qualify for domestic content bonus tax credits. The products also comply with Buy American Act standards for federal direct procurement contracts.
"Residential solar customers expect their systems to perform at the highest level for decades," said Aaron Gordon, senior vice president and general manager of the systems business unit at Enphase Energy. "IQ9N Microinverters combine our proven distributed architecture with GaN technology and support for the latest panels, giving homeowners the most powerful, efficient, and reliable Enphase microinverter we've ever built."
IQ9N Microinverters are backed by an industry-leading 25-year limited warranty. The product is available now in the United States through Enphase distribution partners.
Certain Enphase products may qualify as FEOC-compliant under IRS Notice 2025-08. Customers should consult their legal and tax advisors to confirm eligibility. Learn more about IQ9N Microinverters on the Enphase website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy's technology and products, including safety, quality, and reliability; the suitability of IQ9N Microinverters for residential solar applications and the latest high-wattage residential solar panels; the expected benefits of gallium nitride–based technology, including higher efficiency, cooler operation, and improved long-term reliability; the expected benefits of Enphase's distributed microinverter architecture; the availability and timing of IQ9N Microinverter shipments; the qualification of certain products for domestic content, FEOC compliance, Buy America Act standards, and related incentive programs or federal procurement contracts; and the scope and terms of Enphase's limited warranty. These forward-looking statements are based on Enphase Energy's current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, market demand; competitive developments; changes in tax credits, incentive programs, and regulatory or compliance requirements; supply chain availability and costs; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
Enphase Energy (ENPH - Free Report) closed at $47.22 in the latest trading session, marking a -9.9% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.44%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 2.22%.
The stock of solar technology company has fallen by 18.15% in the past month, lagging the Oils-Energy sector's loss of 7.14% and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. On that day, Enphase Energy is projected to report earnings of $0.46 per share, which would represent a year-over-year decline of 33.33%. Simultaneously, our latest consensus estimate expects the revenue to be $291.74 million, showing a 19.66% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.12 per share and a revenue of $1.23 billion, signifying shifts of -28.38% and -16.78%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Enphase Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Enphase Energy boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Enphase Energy is at present trading with a Forward P/E ratio of 24.68. This signifies no noticeable deviation in comparison to the average Forward P/E of 24.68 for its industry.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 160, this industry ranks in the bottom 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Key Takeaways ENPH introduces IQ9N microinverters built on GaN technology with 97.5% efficiency.ENPH ensures backward compatibility with IQ7, IQ8 systems and IQ Batteries for easy upgrades.ENPH expansion across the United States and Europe aims to boost shipments and drive near-term revenue growth. Enphase Energy, Inc. (ENPH - Free Report) announced the launch of its IQ9N Microinverter for residential solar across the United States. The product is domestically manufactured to satisfy U.S. domestic content requirements and comply with Foreign Entity of Concern regulations.
Key Benefits of Enphase’s IQ9N MicroinvertersBuilt on gallium nitride (GaN) technology, IQ9N Microinverters are designed to boost energy production from the latest high-power solar panels while delivering strong performance throughout the system’s lifespan. They offer an industry-leading 97.5% California Energy Commission weighted efficiency and come with a 25-year limited warranty.
The IQ9N Microinverters support 16 Amperes of continuous Direct Current (“DC”) and 427 Volt-Amperes of continuous output power, allowing them to pair with premium high-wattage residential solar panels and maximize energy generation from each module. They are also backward compatible with IQ7 and IQ8 Series Microinverters as well as IQ Batteries, enabling homeowners and installers to expand existing Enphase systems using similar installation methods and accessories.
IQ9N Microinverters are designed to maximize energy production from each solar panel under a variety of conditions, including partial shading, complex roof configurations and high-temperature environments. Like all Enphase microinverters, they convert DC to Alternating Current (“AC”) at the panel level, eliminating the need for long high-voltage DC runs common in traditional string inverter systems and providing a safer, all-AC rooftop architecture.
Growth ProspectsAccording to a Mordor Intelligence report, the solar energy market size in terms of the installed base is expected to witness a CAGR of 19.91% during 2026-2031. This strong market outlook presents significant growth opportunities for leading solar companies such as Enphase.
In June 2026, ENPH also announced the launch of its new IQ9N Microinverter for residential solar applications across key European markets. The company also plans to expand the availability of the IQ9N Microinverter to additional countries worldwide in the coming months.
This expansion of Enphase’s product portfolio is expected to support higher product shipments and contribute to revenue growth in the quarters ahead.
Stocks to WatchOther prominent solar players that are anticipated to benefit from the expanding global solar energy market are as follows:
Nextpower Inc. (NXT - Free Report) : In June 2026, the company announced the global launch of its redesigned NX Gemini two-in-portrait (2P) solar tracker system. This launch marks a broader expansion of Nextpower’s solar solutions portfolio across Europe.
NXT boasts a long-term (three to five years) earnings growth rate of 11.44%. The Zacks Consensus Estimate for fiscal 2027 sales is pegged at $4.26 billion, which implies an improvement of 19.6%.
Tigo Energy, Inc. (TYGO - Free Report) : In April 2026, the company announced the launch of Inverter Power Output Control for its 3.8-kilowatt Tigo EI Inverter in the United States. The inverter is designed to support both standalone solar systems and solar-plus-storage setups, allowing homeowners to integrate battery backup as part of future upgrades.
The Zacks Consensus Estimate for TYGO’s 2026 sales is pegged at $132.2 million, which indicates a rise of 27.7%. The Zacks Consensus Estimate for its 2026 earnings per share (EPS) stands at 4 cents, which calls for an improvement of 116.7%.
SolarEdge Technologies, Inc. (SEDG - Free Report) : In March 2026, the company announced the commercial launch of its next-generation three-phase SolarEdge Nexis residential solar and storage system in Germany. SolarEdge Nexis features a completely new design architecture, spanning from the inverter to the battery, enabling homeowners to add storage capacity incrementally and align it with their evolving energy needs.
The Zacks Consensus Estimate for SEDG’s 2026 sales is pegged at $1.40 billion, which suggests a jump of 18.4%. The Zacks Consensus Estimate for its 2026 EPS stands at 3 cents, which implies a surge of 101.3%.
ENPH Stock Price MovementOver the past six months, shares of Enphase Energy have risen 43.7% compared with the industry’s growth of 1.9%.
Image Source: Zacks Investment Research
ENPH’s Zacks RankThe company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FREMONT, Calif., June 17, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that it will showcase a range of current and new products for the European market at The smarter E Europe (Intersolar Europe) in Munich, Germany from June 23-25, 2026. Highlights include:
IQ® Battery G5. Enphase’s 5th-generation battery delivers 1.9x the energy density of the 3rd-generation battery currently available in Europe, in a space-saving, stackable design. The AC-coupled system scales from 5 to 30 kWh in modular 5 kWh blocks, with each module incorporating its own grid-forming microinverter. The product supports both single- and three-phase configurations, incorporates PowerMatch™ to help increase usable energy and operational efficiency, and is designed to be compatible with most existing Enphase solar and battery installations. The IQ Battery G5 will carry a 15-year warranty and is expected to be commercially available in Europe in the first quarter of 2027.IQ9N™ Microinverter. The IQ9N Microinverter delivers 97.4% EU weighted efficiency through gallium nitride (GaN) technology and supports high-power residential solar panels, with 427 VA of continuous output power. The microinverter is backward compatible with IQ7™ and IQ8™ Microinverter-based systems and includes built-in rapid shutdown. The IQ9N Microinverter is backed by a 25-year warranty and is available in select European countries today, with additional markets expected in the coming months.IQ® Bidirectional EV Charger. The IQ Bidirectional EV Charger is a DC-based bidirectional charger designed to connect to the direct current (DC) port of a compatible electric vehicle and use Enphase’s grid-forming microinverter technology to enable EV charging, home backup during outages, and future grid services, all managed through the Enphase® App. Compatibility is expected to expand across additional EV models and supported grid-service programs over time. This charger will be backed by a 10-year warranty and is expected to be commercially available in Europe in the first quarter of 2027.IQ® EV Charger 2. The IQ EV Charger 2 supports single- and three-phase applications up to 32 A, with AI-powered charging optimization, green solar charging from the home’s solar system, dynamic load balancing, an integrated MID-certified meter, and multi-protocol connectivity. It is designed to support alternating current (AC) bidirectional charging for compatible EVs, pending automaker enablement, as well as applicable evolving European charging requirements, including the Alternative Fuels Infrastructure Regulation (AFIR). The charger will be backed by a 5-year warranty and is available in select European countries today.IQ® Energy Management. IQ Energy Management uses AI to help optimize solar, battery storage, EV charging, heat pumps, and hot water heaters to increase solar self-consumption and reduce energy costs. The platform can help reduce water-heating costs by up to 35%, help cover up to 50% of EV driving with solar, and integrate with select third-party EV chargers, heat pumps, and water heaters. IQ Energy Management will be backed by a 5-year warranty and is available in select European countries today, with additional markets expected later this year.
“Europe is at the center of the home energy transition, and Intersolar is where we show how Enphase is helping define what comes next,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “Our 2026 lineup brings together higher-performance solar, next-generation storage, smarter and bidirectional EV charging, and AI-powered energy management to make the home energy system easier to install, easier to use, and more valuable for homeowners.”
Enphase will be present at The smarter E Europe in Hall C5, booth C5.530, from June 23-25, 2026. To schedule a meeting with our team, please visit the Enphase website. For more information about Enphase products and services, please visit our regional websites.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy's IQ Battery G5, IQ9N Microinverters, IQ Bidirectional EV Charger, IQ EV Charger 2, and IQ Energy Management, including safety, quality, efficiency, and reliability; the expected availability, timing, and geographic expansion of these products in European markets; anticipated installation times, system performance characteristics, and product features; the potential energy savings, cost reductions, and operational benefits associated with these solutions; the compatibility of Enphase products with third-party devices, electric vehicles, and supported grid-service programs; expectations regarding compliance with current and future regulatory requirements in Europe; and Enphase Energy’s expectations regarding the adoption of home energy, electrification, and AI-enabled energy management solutions in European markets. These forward-looking statements are based on Enphase Energy's current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results may differ materially from those expressed or implied by these forward-looking statements. Such risks include, but are not limited to, changes in market demand; electricity pricing and tariff structures; the ability to meet anticipated product availability timelines; the performance, availability, and reliability of third-party products and services, including cellular connectivity; regulatory and policy developments; product performance and reliability; supply chain constraints; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
FREMONT, Calif., June 18, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that it began production shipments of its IQ9S-3P™ Commercial Microinverter, the company's most powerful microinverter currently available across the United States. Built with advanced gallium nitride (GaN) technology, the IQ9S-3P Commercial Microinverter supports high-wattage solar panels up to 770 W and connects directly to three-phase 480Y/277 V (wye) grid configurations without requiring external transformers.
Safe harbor orders for IQ9S-3P Commercial Microinverters remain open and should be placed before July 4, 2026, to help customers secure equipment ahead of upcoming federal tax credit deadlines. Safe harbor orders placed before the deadline are expected to ship soon after, allowing customers to lock in eligibility while finalizing project designs. Tax credit eligibility varies based on applicable legal requirements and individual project details.
IQ9S-3P Commercial Microinverters support 18 A of continuous DC current, deliver up to 548 VA of continuous output power, and are designed for high-wattage solar panels up to 770 W. This helps optimize the DC/AC ratio and may increase energy production from each module, making IQ9S-3P Commercial Microinverters ideal for commercial projects using 600 W to 770 W panels. Advanced GaN technology enables high performance and cooler operation under normal operating conditions, and an industry-leading CEC weighted efficiency of 97.5%.
"Module wattages keep climbing, and the IQ9S-3P Commercial Microinverter is built for exactly where the industry is headed," said Eric Edler, project manager at Eland Electric Corporation. "With 548 VA of output and support for panels up to 770 W, we can plan high-density commercial rooftops with fewer compromises. Now that the product is shipping, we're ready to put it to work."
"At Detail Solar, we service multiple large commercial arrays," said Paul Zimmer Sr., founder and owner of Detail Solar LLC. "The most exciting thing to me about the IQ9S-3P Microinverter is that we are going to get the reliability of Enphase microinverters in 480 V commercial systems. Commercial central inverters fail regularly, causing downtime for large portions of the array, whereas Enphase microinverters just work. And if one does fail, it's only one panel down."
Detail Solar recently utilized IQ9N-3P™ Commercial Microinverters to repower a commercial solar array at Furman University in Greenville, South Carolina. The first phase retrofitted 30 kW of the university's 988 kW system, replacing aging string inverters with Enphase panel-level architecture to help restore energy production and improve long-term reliability. Read about the case study on the Enphase website.
IQ9S-3P Commercial Microinverters are designed to meet rigorous grid compliance standards, including UL 1741-SB and IEEE 1547-2018. They include rapid shutdown, phase balancing, voltage and frequency ride-through, and loss-of-phase detection to support grid safety and system reliability. Enphase microinverter systems convert DC to AC at each panel, eliminating long high-voltage DC runs used in traditional string inverter designs and delivering a safer, all-AC architecture on the roof. Enphase microinverters help increase energy production in shaded or uneven roof conditions and provide per-panel monitoring through the Enphase® App.
IQ9S-3P Commercial Microinverters that are manufactured in U.S. facilities with domestic content may qualify as “FEOC compliant” (see Enphase website for details on “FEOC compliant” products) and may help certain eligible projects qualify for domestic content bonus tax credits, subject to project-specific requirements and applicable laws. The products also comply with Buy America Act standards for federal direct procurement contracts.
Enphase IQ9 Commercial Microinverters connect to the IQ® Gateway Commercial Pro, the communication and control hub for Enphase commercial systems. The gateway enables real-time monitoring, energy management, remote firmware updates, export limiting, and other advanced grid features, subject to system configuration and operating conditions. It also offers flexible connectivity and setup through the Enphase® Installer App.
"The IQ9S-3P Commercial Microinverter extends Enphase's panel-level architecture to higher-power 480 V commercial projects," said Aaron Gordon, senior vice president and general manager of the systems business unit at Enphase Energy. "By manufacturing this product in the United States and shipping it ahead of key safe harbor deadlines, we expect it may help customers build more efficiently, address federal sourcing requirements, and move forward with greater confidence, depending on project conditions."
The IQ9S-3P Commercial Microinverter is backed by an industry-leading 25-year limited warranty, while the IQ Gateway Commercial Pro comes with a 15-year limited warranty. Certain Enphase products may qualify as FEOC compliant under IRS Notice 2025-08. Customers should consult their legal and tax advisors to confirm eligibility. Learn more about commercial microinverters on the Enphase website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy's technology and products, including safety, quality, and reliability; the suitability of IQ9S-3P Commercial Microinverters for high-power commercial solar projects and three-phase 480Y/277 V grid configurations; the expected benefits of gallium nitride-based technology; the timing of safe harbor orders and related shipments; the ability of customers to safe harbor equipment for federal tax credit purposes; and the ability of certain products to qualify for domestic content, FEOC compliance, and related incentive programs. These forward-looking statements are based on Enphase Energy's current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, market demand; competitive developments; changes in tax credits, incentive programs, and regulatory or compliance requirements; supply chain availability and costs; and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
Enphase Energy shares rose sharply on Thursday after Barclays upgraded the solar technology company, citing its potential entry into the rapidly expanding artificial intelligence data center market.
Investor sentiment was also supported by the company's launch of a new commercial microinverter product in the United States.
ENPH tock gained about 8% in trading, snapping a four-day losing streak.
Despite recent gains, the shares remain volatile, falling roughly 19% this month after surging more than 100% in May.
Enphase shares are still up more than 60% this year and have gained over 80% during the past 12 months.
Barclays analyst Christine Cho upgraded Enphase to Equal Weight from Underweight and raised her price target on the shares to $51 from $30.
The upgrade was driven by Enphase's efforts to develop solid-state transformers, a technology Barclays believes could become increasingly important in AI data centers as computing demands continue to rise.
Cho said Enphase's transformer initiative represents a "credible" entry into data centers.
She added that solid-state transformers "are expected to become a core component" in data centers as hyperscalers move toward higher rack densities to support artificial intelligence workloads.
Barclays estimates the total addressable market for solid-state transformers at approximately $2 billion and expects Enphase to continue increasing its share of that market.
However, the firm does not expect the business to materially contribute to the company's financial performance until 2028.
Interest in solid-state transformers has grown significantly over the past year because of their ability to convert electricity between different voltage levels more efficiently.
Enphase remains in the development stage of its transformer technology, while companies across the technology sector continue investing heavily in AI infrastructure.
Separately, Enphase announced that it has begun production shipments of its IQ9S-3P Commercial Microinverter in the United States.
The new microinverter supports solar panels with capacities of up to 770 watts and can connect directly to three-phase 480Y/277-volt grid configurations without requiring external transformers.
The product uses gallium nitride technology and supports 18 amperes of continuous direct current while delivering up to 548 volt-amperes of continuous output power.
The microinverter is designed to meet UL 1741-SB and IEEE 1547-2018 grid compliance standards and includes features such as rapid shutdown, phase balancing, voltage and frequency ride-through, and loss-of-phase detection.
Enphase said safe harbor orders for the IQ9S-3P Commercial Microinverter will remain open until July 4, 2026, allowing customers to secure equipment ahead of federal tax credit deadlines.
The company said units manufactured in the United States with domestic content may qualify as FEOC-compliant and could help eligible projects receive domestic content bonus tax credits, subject to project-specific requirements and applicable laws.
The products also comply with Buy America Act standards for federal direct procurement contracts.
The IQ9S-3P Commercial Microinverter connects to the company's IQ Gateway Commercial Pro system for real-time monitoring, energy management, and remote firmware updates.
The microinverter carries a 25-year limited warranty, while the gateway comes with a 15-year limited warranty.
Based in Fremont, California, Enphase manufactures microinverter-based solar and battery systems and said it has shipped approximately 87.8 million microinverters globally.
The company currently has a market value of about $6.3 billion.
Enphase Energy (ENPH - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this solar technology company have returned -16.1%, compared to the Zacks S&P 500 composite's +1.4% change. During this period, the Zacks Solar industry, which Enphase Energy falls in, has gained 2.7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Enphase Energy is expected to post earnings of $0.46 per share for the current quarter, representing a year-over-year change of -33.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $2.12 for the current fiscal year indicates a year-over-year change of -28.4%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.54 indicates a change of +19.9% from what Enphase Energy is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Enphase Energy is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Enphase Energy, the consensus sales estimate for the current quarter of $291.74 million indicates a year-over-year change of -19.7%. For the current and next fiscal years, $1.23 billion and $1.34 billion estimates indicate -16.8% and +9.6% changes, respectively.
Last Reported Results and Surprise HistoryEnphase Energy reported revenues of $282.9 million in the last reported quarter, representing a year-over-year change of -20.6%. EPS of $0.47 for the same period compares with $0.68 a year ago.
Compared to the Zacks Consensus Estimate of $283.56 million, the reported revenues represent a surprise of -0.23%. The EPS surprise was +9.3%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enphase Energy is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enphase Energy. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
ENPH weekly chart shows early bullish reversal signs Pullback Tests Key Support Zone The subsequent bearish correction that followed may be getting close to completing the first pullback after a key breakout above the downtrend line. The line was tested successfully as support once during the pullback two weeks ago, as a swing low was established at $48.46, which was very near the trendline. A slightly new corrective low was then generated last week with a low of $47.67. That was close to an exact touch of the trendline, further confirming it as a support zone, after it had marked dynamic resistance prior to the May advance.
Next Target Points Higher While it is not yet clear whether the corrective low has been reached, the convergence of the 61.8% Fibonacci retracement of the prior uptrend at $46.65 and the 50-day moving average near $46.68 adds to the evidence for a strong support zone. If a sustained bullish reversal follows support, once it is firmly established, ENPH will be poised to recover the recent high and head towards the next upside target zone, approximately $97.37 to $99.91. This potential recovery toward that higher target zone mirrors the earlier breakout from $41.28 that set the current uptrend in motion, reinforcing the view that ENPH is building a stronger, more sustainable trend.
If you’d like to know more about technical analysis and how traders use it, please visit our educational area.
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $52.39, moving -4.02% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.
Heading into today, shares of the solar technology company had gained 3.21% over the past month, outpacing the Oils-Energy sector's loss of 2.71% and the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. The company's earnings per share (EPS) are projected to be $0.46, reflecting a 33.33% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $291.74 million, indicating a 19.66% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.12 per share and revenue of $1.23 billion, indicating changes of -28.38% and -16.78%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Enphase Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Enphase Energy boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 25.71. This denotes a premium relative to the industry average Forward P/E of 20.45.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 168, this industry ranks in the bottom 32% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
FREMONT, Calif., June 15, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced the appointment of Shanker Trivedi to its board of directors, effective immediately.
Mr. Trivedi recently retired from NVIDIA Corporation after a distinguished 17-year tenure, where he last served as senior vice president of enterprise business. During his time there, he played a key role in leading the growth of NVIDIA's data center and enterprise businesses, helping drive the company's expansion into a global leader in accelerated computing and artificial intelligence infrastructure.
"We are delighted to welcome Shanker to our board of directors," said Badri Kothandaraman, president and CEO of Enphase Energy. "Shanker brings decades of experience building global technology businesses and has driven advances in one of the most significant technology transformations of our time — the rise of AI and accelerated computing. His deep expertise in data centers, enterprise infrastructure, go-to-market strategy, and ecosystem development will be invaluable as Enphase expands its technology platform and explores new opportunities in energy management, power conversion, and AI-driven energy infrastructure."
"I am honored to join Enphase’s board of directors," said Mr. Trivedi. "Enphase has established itself as a global leader in energy technology through a relentless focus on innovation, product quality, and customer experience. As electrification, AI, and energy infrastructure increasingly converge, I believe Enphase is uniquely positioned to deliver differentiated solutions designed to help customers manage and optimize energy. I look forward to working with the board and management team as the company pursues its next phase of growth."
Mr. Trivedi brings more than 30 years of leadership experience in enterprise technology, data centers, cloud infrastructure, and go-to-market execution. At NVIDIA, Mr. Trivedi led worldwide sales for data center and professional visualization products, as well as business development for all industry verticals other than gaming, including manufacturing, healthcare, financial services, telecommunications, government, and education. Prior to NVIDIA, he held various senior leadership positions at Callidus Software, Sun Microsystems, IBM, and ICL. Mr. Trivedi earned a Master of Business Administration degree from the Indian Institute of Management Calcutta and a Master of Science degree in Mathematics and Computer Science from the Indian Institute of Technology Delhi.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements regarding the expected benefits of Mr. Trivedi's appointment to the board of directors, Enphase Energy's growth opportunities, technology roadmap, market expansion initiatives, and future business prospects. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, product development, market demand and competitive environments, and other factors discussed in Enphase Energy's filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
On May 18, 2026, Enphase Energy Inc ENPH shares fell 6.0% to a current price of $49.69. This decline comes despite a strong recent performance, with the stock up 32.0% over the past week and 53.0% over the past month. Over the last year, the shares have seen a slight decline of 1.4%, while they have experienced a volatility range with a 52-week high of $53.89 and a low of $25.78.
GF Value™ verdict: Current price of $49.69 is 22.0% below GF Value™ of $63.69.GF Score™: 75/100, indicating above-average potential for long-term returns.Most notable signal: Insider activity shows that insiders sold $6.0M in the last 3 months, with no buying reported. Is ENPH Overvalued or Undervalued? Enphase Energy Inc ENPH currently trades at $49.69, which is substantially below its GF Value™ of $63.69, indicating that the stock is 22.0% undervalued. This suggests a potential margin of safety for investors who may be looking for opportunities in the renewable energy sector. The GF Valuation label categorizes the stock as "Modestly Undervalued," highlighting the potential for future price appreciation, though caution is advised given the recent insider selling.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. With the current price sitting below the calculated fair value, there appears to be an opportunity for investors. However, the lack of insider buying may raise some concerns about the company’s short-term outlook and future performance.
How Does ENPH's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)49.2x75.9x Forward P/E24.5x- The current P/E (TTM) for Enphase Energy Inc is 49.2x, which is significantly below its 5-year median P/E of 75.9x. The forward P/E of 24.5x also indicates a potential for future growth at a lower valuation compared to its historical performance. This P/E analysis aligns with the GF Value™ verdict of being undervalued, suggesting that ENPH is trading below its historical valuation metrics, indicating a potential opportunity for long-term investors.
What Does ENPH's GF Score™ Tell Us? MetricRating GF Score™75/100 Financial Strength7/10 Profitability7/10 Growth3/10 Valuation10/10 Momentum5/10 The GF Score™ of 75/100 highlights that Enphase Energy Inc has above-average potential for long-term returns based on its financial strength, profitability, and valuation metrics. The strongest areas are its financial strength and profitability, both rated at 7/10, indicating a solid foundation. However, growth is a weaker area with a score of 3/10, suggesting that while the company is well-positioned financially, it may face challenges in achieving significant growth.
What Are Insiders Doing with ENPH Stock? In the past three months, insiders have sold $6.0 million worth of shares in Enphase Energy Inc, with no recorded insider buying during this period. This pattern of selling might suggest a lack of confidence among insiders regarding the stock’s short-term prospects, which can be a red flag for potential investors. Such actions can influence market perception and may warrant caution when considering future investment in the stock.
What This Means for Investors Based on the current valuation metrics and the GF Value™ assessment, Enphase Energy Inc is considered modestly undervalued. The current price of $49.69 presents a potential opportunity for investors, although the recent insider selling and lower growth score should be taken into account. Potential investors should weigh these factors carefully when evaluating their investment strategy.
For the complete analysis, visit the Enphase Energy Inc ENPH stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ENPH's GF Score™?
ENPH has a GF Score™ of 75/100, indicating above-average potential for long-term returns based on its financial metrics.
Is ENPH overvalued or undervalued?
ENPH is currently considered undervalued with a GF Value™ of $63.69 compared to its current price of $49.69, reflecting a 22.0% upside potential.
What is ENPH's P/E ratio?
ENPH's P/E (TTM) is 49.2x, which is significantly below its 5-year median P/E of 75.9x, indicating that it is currently trading at a lower valuation compared to its historical performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) just picked up another sell-side endorsement. Goldman Sachs raised its price target on Enphase Energy to $57 from $51 and maintained a Buy rating on the shares. The modest bump reinforces a residential solar trade that has been gaining traction since mid-May.
The price target raise lands with Enphase stock trading around $49.60 and follows a sharp rebound in residential solar names. Peer SolarEdge Technologies (NASDAQ:SEDG) has rallied alongside Enphase, suggesting the move reflects sector momentum rather than a single-name story.
For prudent investors, this analyst upgrade signals incremental confidence in the existing thesis. It builds on a string of bullish sell-side data points framing residential solar as a credible recovery trade for 2026.
Ticker Company Firm Action Old Rating New Rating Old Target New Target ENPH Enphase Energy Goldman Sachs Price Target Raise Buy Buy $51 $57 The Analyst’s Case Goldman’s incremental constructive view on Enphase Energy reflects a cooperative rate environment that supports residential solar financing math. U.S. sell-through demand has been strong recently, and Goldman’s lift is the latest sell-side validation of the trade.
Enphase’s fundamentals support the call. In Q4 2025, U.S. sell-through demand climbed 21% sequentially, the strongest in over two years, while non-GAAP EPS of $0.71 beat estimates by 23%.
Company Snapshot Enphase is the microinverter market leader, with an expanding battery storage line, AI-enabled monitoring software, and a domestic manufacturing footprint that qualifies for IRA 45X production tax credits. Full-year 2025 revenue reached $1.47 billion, up 11% year over year, with net income of $172.1 million.
The company finished 2025 with $474.3 million in cash and a market capitalization near $6.16 billion. A $268.7 million share repurchase authorization remains available.
Why the Move Matters Now Enphase stock has been a momentum standout. The shares are up 54% year to date (YTD), while SolarEdge stock has surged 88% YTD, signaling broad sector reflation.
The valuation backdrop remains demanding. Enphase trades at a forward P/E ratio of 17x, against a 52-week range of $25.78 to $53.89. Goldman’s $57 target sits above the consensus analyst target of $40.38, making it one of the more constructive views on the Street.
What It Means for Your Portfolio The bull case rests on residential demand inflection, microinverter share gains, battery storage growth, and the U.S. manufacturing tailwind. The bear case is real: reciprocal tariffs trimmed 5 percentage points from Q4 gross margin, European softness persists, and ITC tax credit politics could shift quickly.
Goldman’s call is an incremental recalibration. The price target lift to $57 from $51 reads as a recalibration to recent demand strength and a cooperative rate backdrop for Enphase stock.
For long-term investors, the residential solar trade may warrant a closer look as part of broader research into clean-energy exposure. Moderate position sizing remains sensible given tariff uncertainty, competition from SolarEdge and Asian inverter makers, and sensitivity to the interest rate path.
FREMONT, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today published a technical white paper titled “Enphase Adoption of GaN Bi-Directional Switch Technology for Distributed Power Electronics.” The paper provides an engineering view of Enphase’s adoption of Gallium Nitride High Electron Mobility Transistor Bi-Directional Switch technology, or GaN HEMT BDS (also referred to as GaN BDS), and explains how the technology is expected to support Enphase’s next generation of distributed power electronics products. The white paper is available here.
Wide bandgap semiconductors are becoming increasingly important across power electronics. Silicon carbide is widely used in high-power electric vehicle (EV) and industrial systems, while GaN has gained traction in compact smartphone and laptop chargers. The Enphase white paper focuses on a specialized form of GaN, the monolithically integrated GaN BDS, and explains why it is well suited to Enphase’s modular, high-frequency, distributed power conversion architecture.
Enphase’s adoption of GaN BDS began with the IQ9™ Series Microinverters for both commercial and residential solar applications. The technology is designed to enable higher switching frequency, improved efficiency, higher power density, and broader AC operating voltage capability for 480 VAC three-phase commercial applications in the United States.
Conventional bi-directional switches typically use two back-to-back unidirectional power transistors. A monolithically integrated GaN BDS uses a single device structure to block voltage in either direction. This approach can reduce semiconductor die area, gate charge, component count, and cost compared with conventional back-to-back switch implementations. The white paper details how these device-level advantages translate into system-level benefits for Enphase products.
“GaN BDS is an important technology step for Enphase,” said Raghu Belur, co-founder and chief product officer at Enphase Energy. “It helps us push more power through smaller, more efficient, and more cost-effective distributed power converters while staying true to our core architecture. This white paper explains why the technology is a strong fit for our roadmap across microinverters, batteries, EV charging, and AI data center power systems.”
The paper highlights four technical advantages of GaN BDS technology:
Higher efficiency: GaN BDS devices reduce switching and gate-drive losses, helping improve power conversion efficiency.Higher switching frequency: Lower gate charge and high-frequency operation help reduce the size of magnetics and passive filter components.Expanded voltage capability: GaN BDS technology supports higher AC operating voltages, including commercial three-phase grid applications.Cost advantage: The monolithic bi-directional switch structure can reduce semiconductor die area and cost compared with conventional back-to-back switch implementations. In addition to IQ9 Series Microinverters, the paper describes how GaN BDS technology is expected to support Enphase’s Microinverter platform, next-generation battery systems, IQ® Bidirectional EV Charger, and the IQ® Solid-State Transformer (IQ SST) for AI data center power infrastructure. For the IQ SST, the power module is expected to use higher-voltage GaN BDS and GaN uni-directional switch devices as part of Enphase’s distributed architecture for supporting 800 VDC and ±400 VDC power systems.
The white paper also describes Enphase’s work with semiconductor partners to advance GaN BDS technology from early prototypes to commercially available devices. Available here, the paper discusses substrate management circuits, industry-standard packaging, surge robustness, long-term reliability, and the respective roles of GaN and SiC in power conversion.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems, EV chargers, home energy management systems, and virtual power plant (VPP) solutions. Enphase products enable people to harness the sun to make, use, save, and sell their own power, all controlled through the Enphase App. The company revolutionized the solar industry with its microinverter-based technology and has shipped approximately 87.8 million microinverters, with more than 5.2 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to the expected capabilities, features, performance, efficiency, reliability, voltage capability, cost advantages, architecture, functionality, and benefits of GaN HEMT BDS technology and GaN HEMT Uni-Directional Switch technology in Enphase products; Enphase Energy’s ability to support Enphase’s next generation of distributed power electronics products; the expected capabilities and performance of IQ9 and IQ10 Series Microinverters; the expected use of GaN technology in Enphase battery storage systems, bi-directional EV chargers, and the IQ Solid-State Transformer; the expected ability of GaN technology to support higher switching frequency, higher power density, improved efficiency, expanded operating voltage, reduced semiconductor die area, reduced component size, reduced cost, improved surge robustness, and increased reliability; and Enphase Energy’s expectations regarding the suitability of GaN technology for commercial and industrial solar, battery storage, EV charging, and AI data center power infrastructure. These forward-looking statements are based on Enphase Energy’s current expectations and assumptions and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. Such risks include, but are not limited to, technological development and validation risks; semiconductor supply availability and qualification timing; the ability to achieve targeted performance, efficiency, reliability, voltage, and cost metrics at scale; customer acceptance and adoption of new power semiconductor architectures; competitive dynamics; supply chain availability and costs; execution risks related to new product development and new market entry; and other factors discussed in Enphase Energy’s filings with the Securities and Exchange Commission, including those risks described in more detail in Enphase Energy’s most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and other filings made from time to time with the Securities and Exchange Commission. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.
Enphase Energy (ENPH - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this solar technology company have returned +81.7% over the past month versus the Zacks S&P 500 composite's +4.4% change. The Zacks Solar industry, to which Enphase Energy belongs, has gained 25.1% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Enphase Energy is expected to post earnings of $0.46 per share, indicating a change of -33.3% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.7% over the last 30 days.
The consensus earnings estimate of $2.12 for the current fiscal year indicates a year-over-year change of -28.4%. This estimate has changed -3.6% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.54 indicates a change of +19.9% from what Enphase Energy is expected to report a year ago. Over the past month, the estimate has changed -6.6%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Enphase Energy is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Enphase Energy, the consensus sales estimate of $291.74 million for the current quarter points to a year-over-year change of -19.7%. The $1.23 billion and $1.34 billion estimates for the current and next fiscal years indicate changes of -16.8% and +9.6%, respectively.
Last Reported Results and Surprise HistoryEnphase Energy reported revenues of $282.9 million in the last reported quarter, representing a year-over-year change of -20.6%. EPS of $0.47 for the same period compares with $0.68 a year ago.
Compared to the Zacks Consensus Estimate of $283.56 million, the reported revenues represent a surprise of -0.23%. The EPS surprise was +9.3%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enphase Energy is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enphase Energy. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
On May 26, 2026, Enphase Energy Inc ENPH shares rose 4.5%, closing at $66.90. This move comes amid a remarkable price performance, with shares rising 43.1% over the past week and 87.0% over the last month. The stock has traded within a 52-week range of $25.78 to $68.90.
GF Value™ verdict: The current price of $66.90 is 5.4% above the GF Value™ estimate of $63.46, indicating the stock is overvalued.GF Score™: With a score of 79/100, ENPH is rated as Above Average, suggesting strong potential for long-term returns.Most notable signal: Insiders have sold $6.0 million worth of shares in the last three months, indicating a lack of confidence among company insiders. Is ENPH Overvalued or Undervalued? Enphase Energy Inc ENPH is currently trading at $66.90, which is 5.4% above its GF Value™ estimate of $63.46. This indicates that the stock is overvalued at its current price. Investors may want to be cautious, as buying at overvalued levels can lead to potential losses if the market corrects itself. The GF Valuation label indicates that the stock is fairly valued based on its historical performance and future growth projections. However, being above the estimated fair value presents a risk for investors if the company does not meet the high expectations priced into the stock.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does ENPH's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 66.2x 75.8x Forward P/E 33.2x N/A Currently, ENPH's P/E (TTM) of 66.2x is 13% below its 5-year median P/E of 75.8x, indicating that the stock is trading below its historical valuation. This P/E analysis aligns with the GF Value™ verdict that suggests the stock is overvalued, as even with a lower P/E ratio compared to its historical averages, the current price exceeds the intrinsic value estimate.
What Does ENPH's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021).
Metric Rating GF Score™ 79/100 Financial Strength 7/10 Profitability 8/10 Growth 3/10 Valuation 9/10 Momentum 8/10 The GF Score™ of 79/100 indicates that Enphase Energy Inc is performing well overall, particularly in terms of Valuation (9/10) and Profitability (8/10). However, the Growth ranking at 3/10 suggests that the company may face challenges in maintaining high growth rates moving forward. The strong Valuation score indicates that while the stock may have good fundamentals, the current market price may not reflect that strength accurately.
What Are Insiders Doing with ENPH Stock? Insider activity for Enphase Energy Inc has shown a significant selling trend, with insiders selling a total of $6.0 million worth of shares in the last three months. This pattern may suggest a lack of confidence in the company's near-term performance or potential valuation, as insiders typically have a good insight into the company's prospects. The absence of any insider buying further emphasizes caution among those closest to the company.
What This Means for Investors Based on the GF Value™ analysis, Enphase Energy Inc ENPH is currently considered overvalued. The current price exceeds the intrinsic value estimate, indicating potential risks for investors if the stock does not deliver on growth expectations. Caution is advised for those considering an investment at this level.
For the complete analysis, visit the Enphase Energy Inc ENPH stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ENPH's GF Score™?
ENPH has a GF Score™ of 79/100, indicating that it is rated as Above Average, suggesting strong potential for long-term returns.
Is ENPH overvalued or undervalued?
ENPH is currently overvalued, with a GF Value™ estimate of $63.46 compared to its current price of $66.90.
What is ENPH's P/E ratio?
ENPH's P/E (TTM) is 66.2x, which is 13% below its 5-year median of 75.8x, indicating that it is trading below its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Enphase Energy stock is gaining positive traction. Why are ENPH shares climbing? What Is Driving Enphase Energy’s GaN Technology Adoption?Enphase last week published a technical white paper outlining its use of gallium nitride (GaN) bidirectional switch technology, which it says can drive higher switching frequency, improved efficiency, higher power density, and broader AC operating voltage capability for 480 VAC three-phase commercial applications in the U.S.
Enphase said its adoption of GaN BDS began with the IQ9 Series Microinverters across commercial and residential solar applications.
Enphase is also framing GaN as a platform shift that can extend beyond microinverters into batteries and EV charging systems, as the company pushes "more power through smaller" converters while aiming to cut losses by replacing dual-switch designs with a single monolithic device that blocks voltage in both directions.
ENPH Stock: Key Levels And Momentum IndicatorsIn premarket, the broader backdrop is supportive: Nasdaq (QQQ) is up 0.64%, while the S&P 500 (SPY) is up 0.19%, which fits with ENPH's higher-beta profile when risk appetite is improving. The stock is also pressing the top of its 52-week range, sitting just below the $68.90 high, which can attract breakout momentum but also invites profit-taking if the tape cools.
Trend-wise, ENPH is stretched above its moving averages, trading 57.8% above the 20-day SMA ($43.47) and 84.4% above the 200-day SMA ($37.20). That extension is happening with a bullish moving-average structure (20-day SMA above the 50-day SMA, plus the golden cross that occurred in February), which keeps the longer-term uptrend intact even if volatility picks up.
RSI is the cleanest momentum lens right now: at 79.75, it's deep in overbought territory, signaling the move has become stretched versus its own recent trading range. In practice, that doesn't "call a top" by itself, but it does raise the odds of sharp pullbacks or sideways digestion if incremental buyers hesitate near highs.
Key Resistance: $68.90 — the 52-week high zone, where breakouts often need follow-through to avoid a quick fade Key Support: $43.47 — aligns with the 20-day SMA, a common "trend support" area if the stock mean-reverts after an extended run What Is Enphase Energy’s Business Model?Enphase Energy is a global energy technology company. It delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform.
Its microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution, with a majority of revenue coming from the United States. That's why the GaN-focused roadmap matters to traders: it's a signal about where Enphase wants to push performance and density next, including commercial use cases like 480 VAC three-phase applications.
Enphase Energy Analyst Ratings For May 2026Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $43.93. Recent analyst moves include:
Goldman Sachs: Buy (Raises Target to $57.00) (May 20) Barclays: Underweight (Lowers Target to $30.00) (May 5) Evercore ISI Group: In-Line (Lowers Target to $37.00) (May 4) Enphase Energy Benzinga Edge Rankings ExplainedBelow is the Benzinga Edge scorecard for Enphase Energy, highlighting its strengths and weaknesses compared to the broader market:
The Verdict: Enphase Energy’s Benzinga Edge signal reveals a momentum-driven profile with weak value support, meaning the trend is strong but expectations are already elevated. For longer-term holders, that often translates to "buy-the-dip" behavior above trend support, while breakouts near highs may need clean follow-through to avoid sharp mean reversion.
ENPH Stock Price Movement in Premarket TradingENPH Stock Price Activity: Enphase Energy shares were up 1.67% at $68.02 during premarket trading on Wednesday, according to Benzinga Pro data.
Image: Shutterstock
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On May 27, 2026, Enphase Energy Inc ENPH shares rose 5.0% to a current price of $70.28. This recent increase contributes to a remarkable year-to-date performance of 119.3%, reflecting a substantial recovery from a 52-week low of $25.78. The stock has also seen significant movement over the past month, gaining 99.4% and approaching its 52-week high of $72.70.
GF Value™ verdict: The current price is $70.28, which is 10.7% above the GF Value™ estimate of $63.46, indicating that the stock is overvalued.GF Score™: The stock has a GF Score™ of 78/100, which is considered above average, suggesting a solid overall performance in key financial metrics.Most notable signal: Insider activity shows that insiders bought $0.3 million worth of shares, but sold $6.0 million in the last three months, indicating a potential lack of confidence among insiders. Is ENPH Overvalued or Undervalued? Based on the current price of $70.28 compared to the GF Value™ of $63.46, Enphase Energy Inc appears to be overvalued by approximately 10.7%. This valuation indicates that there is a potential risk for investors, as the stock's price exceeds what is considered its intrinsic value. The GF Valuation classification labels the stock as "modestly overvalued," which suggests that while it has performed well in recent months, there may be limited upside potential relative to its estimated fair value.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. With the current valuation exceeding the GF Value™, investors may need to be cautious, as the risk of a price correction could loom if the stock does not continue to perform well in the coming months.
How Does ENPH's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 69.6x 74.0x (5-Year Median) Forward P/E 34.9x - The current P/E (TTM) ratio of 69.6x is slightly below the 5-year median P/E of 74.0x, indicating that the stock is trading at a lower multiple than it has historically. This P/E analysis somewhat agrees with the GF Value™ verdict of being modestly overvalued, as the historical data suggests that while the stock is not excessively high compared to its past, it remains elevated against its intrinsic value.
What Does ENPH's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021).
Metric Rating GF Score™ 78 Financial Strength 7/10 Profitability 8/10 Growth 3/10 Valuation 7/10 Momentum 8/10 Enphase Energy's GF Score™ of 78 indicates a strong overall performance, particularly in the areas of Profitability (8/10) and Momentum (8/10). However, the Growth rank of 3/10 suggests that the company's growth prospects may not be as robust as those of its peers, which could be a concern for future performance. The Financial Strength and Valuation ratings are relatively solid, but the weaker growth score indicates potential challenges ahead.
What Are Insiders Doing with ENPH Stock? Recent insider activity for Enphase Energy shows that insiders purchased $0.3 million worth of shares while selling $6.0 million in the last three months. This pattern of selling significantly outweighs the buying, which may suggest a lack of confidence in the stock's future performance among those who are most familiar with the company. Such insider selling can be interpreted as a warning sign, indicating that insiders may believe the stock is overvalued at current levels.
What This Means for Investors Based on the analysis of GF Value™, Enphase Energy Inc is currently overvalued at a price of $70.28 compared to its estimated fair value of $63.46. The stock’s performance, while strong in recent months, raises concerns about its sustainability given the current valuation metrics and insider selling activity.
For the complete analysis, visit the Enphase Energy Inc ENPH stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ENPH's GF Score™?
ENPH has a GF Score™ of 78/100, indicating above-average performance across key financial metrics, suggesting it may outperform many peers in the long term.
Is ENPH overvalued or undervalued?
ENPH is currently overvalued, with a GF Value™ estimate of $63.46 compared to its current price of $70.28, indicating a potential risk for investors.
What is ENPH's P/E ratio?
ENPH's current P/E ratio is 69.6x, which is below its 5-year median P/E of 74.0x, suggesting that while it is not excessively high historically, it still reflects a premium valuation compared to its intrinsic value.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Enphase Energy, Inc. (NASDAQ:ENPH) shares are consolidating on Thursday. They have gained about 130% since May 1.
Enphase is in a short-squeeze. When short squeezes end, the stocks can drop back to the same level they started at. This is why Enphase Energy is the Stock of the Day.
People who sell a stock short believe that it will go lower. They borrow the shares from other investors and sell them.
Their plan is to buy them back at a lower price in the future, return them, and keep the difference.
Short squeezes occur when a heavily shorted stock begins to move higher. As this happens, the short sellers begin to lose money because they will have to buy the shares back at a higher price than they were sold for.
As the price rises, the losses increase. Sometimes it results in panic buying as short sellers outbid each other. It can result in a snowball effect that pushes the price rapidly higher.
The climax of a short squeeze comes when the people who lent the shares to short sellers see how much the price has risen and decide to sell.
The short-sellers are forced to buy the shares regardless of the price so they can return them. They have no choice. It is a legal obligation.
This can result in the shares going parabolic.
Enphase is a heavily shorted stock. About 33% of the shares that are outstanding have been borrowed. This is an extremely high number. Every stock has short interest, but it is usually only a couple of percent.
When short squeezes end, there is a chance the stock goes into a steep decline. Sometimes they even end up back to where they were when the squeeze started.
Traders and investors who trade options can profit when a stock moves lower. They can buy put options. Their value will increase as the price declines.
There is no way to know when the short-squeeze in Enphase will end. But when it does, it may present profit opportunities for savvy traders.
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It has been about a month since the last earnings report for Enphase Energy (ENPH - Free Report) . Shares have added about 125.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Enphase Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
Enphase Energy Q1 Earnings Beat Estimates, Revenues Decline Y/Y
Enphase Energy, Inc. reported first-quarter 2026 adjusted earnings of 47 cents per share, which decreased 30.9% from 68 cents reported in the prior-year quarter. However, the bottom line topped the Zacks Consensus Estimate of 43 cents by 8.2%.
Including one-time adjustments, the company posted a GAAP loss of 6 cents per share against GAAP earnings of 22 cents in the year-ago quarter.
The year-over-year earnings decline can be attributed to lower revenues as well as lower income from operations from the year-ago quarter.
ENPH’s RevenuesEnphase Energy’s first-quarter revenues of $282.9 million missed the Zacks Consensus Estimate of $284 million by 0.2%. The top line also decreased 28.6% from the prior-year quarter’s reported figure of $356.1 million.
The year-over-year plunge was mainly due to weaker sales in the United States.
Enphase Energy’s Operational UpdateThe company’s shipments amounted to approximately 1.41 million microinverters and 103.1 megawatt-hours (MWh) of Enphase IQ Batteries.
The company’s adjusted gross margin decreased 500 basis points year over year to 43.9%.
Adjusted operating expenses dropped 3.1% year over year to $76.9 million.
The adjusted operating income totaled $47.3 million, down 50.1% from the year-ago quarter.
Financial Details of ENPHEnphase Energy had $497.5 million in cash and cash equivalents as of March 31, 2026 compared with $474.3 million as of Dec. 31, 2025.
The net cash flow from operating activities amounted to $102.9 million as of March 31, 2026 compared with $47.6 million as of Dec. 31, 2025.
Q2 2026 Guidance by Enphase EnergyFor the second quarter of 2026, ENPH expects revenues in the range of $280-$310 million. The Zacks Consensus Estimate for second-quarter revenues is pegged at $303.7 million, which is higher than the midpoint of the company’s guided range.
Enphase Energy expects to ship IQ batteries in the range of 100-110 MWh in the second quarter.
Adjusted operating expenses are expected between $75 million and $79 million. This excludes approximately $45 million estimated for stock-based compensation expenses, acquisition-related costs and amortization, as well as restructuring and asset impairment charges.
The adjusted gross margin is expected in the range of 44-47%, excluding stock-based compensation expenses and acquisition-related amortization.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.
VGM ScoresCurrently, Enphase Energy has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. Following the exact same course, the stock was allocated a score of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Enphase Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
On June 01, 2026, Enphase Energy Inc ENPH shares fell 6.8% to a current price of $63.74. This decline comes after a period of substantial growth, with the stock rising 88.3% over the past month and 98.9% year-to-date. ENPH's price has fluctuated between a 52-week high of $73.74 and a low of $25.78.
GF Value™ verdict: Current price is $63.74 compared to $63.27 GF Value™, indicating the stock is 0.7% overvalued.GF Score™ is 75/100, categorizing it as Above Average, suggesting strong potential for long-term performance.Most notable signal: Insider activity shows that insiders bought $0.3M and sold $6.0M in the last 3 months, indicating a net sell-off. Is ENPH Overvalued or Undervalued? Currently, Enphase Energy Inc's stock price of $63.74 is slightly above the GF Value™ of $63.27, marking it as 0.7% overvalued. This marginal overvaluation suggests limited margin of safety for potential investors, as buying at such a price may not offer a significant cushion should the stock experience downward pressure. According to GF Valuation, the stock is fairly valued based on its intrinsic value assessment. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the slight overvaluation indicates some risk, it is essential to consider the overall market conditions and the company's growth prospects. If Enphase can maintain its momentum and continue to execute on its business strategy effectively, the current price may still reflect a fair assessment of its underlying value.
How Does ENPH's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 63.1x 74.0x (5-Year Median) Forward P/E 31.8x N/A Enphase's current P/E ratio of 63.1x is significantly below its 5-year median of 74.0x, suggesting that the stock is trading at a more favorable valuation compared to its historical standards. This P/E analysis aligns with the GF Value™ verdict, as it indicates that while the stock is marginally overvalued, it is still priced more attractively relative to its historical norms.
What Does ENPH's GF Score™ Tell Us? Metric Rating GF Score™ 75/100 Financial Strength 7/10 Profitability 8/10 Growth 3/10 Valuation 7/10 Momentum 5/10 The GF Score™ of 75/100 indicates a strong overall performance, particularly in the areas of Profitability (8/10) and Financial Strength (7/10). However, the Growth rank is relatively low at 3/10, suggesting that while the company is profitable and financially solid, its growth prospects may not be as robust as some investors might hope. This mixed picture highlights the importance of considering both strong financial metrics and potential growth limitations when evaluating ENPH's overall investment attractiveness.
What Are Insiders Doing with ENPH Stock? In the past three months, insider activity has shown that insiders bought $0.3 million worth of shares while selling $6.0 million. This net selling indicates that insiders are reducing their positions, which can often be interpreted as a bearish signal regarding the company's short-term prospects. When insiders sell a significant amount compared to what they buy, it may raise concerns among investors about the company's future performance and could indicate a lack of confidence among those who are closest to the business.
What This Means for Investors Based on the GF Value™ assessment, Enphase Energy Inc is currently overvalued. With a current price of $63.74 compared to a GF Value™ of $63.27, investors may want to proceed with caution as the stock does not offer a significant margin of safety at this time. The mixed signals from insider activity and growth metrics further suggest that investors should carefully weigh their options before making any decisions.
For the complete analysis, visit the Enphase Energy Inc ENPH stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ENPH's GF Score™?
ENPH's GF Score™ is 75/100, indicating an Above Average rating. Stocks with higher GF Score™ values have been found to generate higher long-term returns.
Is ENPH overvalued or undervalued?
ENPH is currently overvalued, with a GF Value™ of $63.27 compared to its current price of $63.74, suggesting limited margin of safety.
What is ENPH's P/E ratio?
ENPH's P/E (TTM) is 63.1x, which is below its 5-year median of 74.0x, indicating that the stock is trading at a more favorable valuation compared to its historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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