FREMONT, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that power modules for its IQ® Solid-State Transformer (IQ SST) are now being built in the United States to assemble and validate full-scale IQ SST racks.
The IQ SST rack is being developed for AI data centers as the industry moves toward 800 VDC power architectures. It is designed to convert medium-voltage AC directly to 800 VDC with sub-millisecond response to dynamic AI loads, helping reduce the need for local battery energy buffering near AI compute racks.
The power module is the building block of the IQ SST rack. Hundreds of power modules work together in IQ SST racks with capacities up to 5 MW, creating a distributed solid-state transformer for AI data centers. A video of the power modules coming off the Enphase line in Arlington, Texas, is available here.
“A 4 kW power module is small, but put hundreds of them together and you have a multi-megawatt IQ SST rack,” said Raghu Belur, co-founder and chief product officer at Enphase Energy. “We don’t need to build bigger power-conversion systems. We can scale by repeating the same compact power module, the approach Enphase has used to scale distributed power electronics for decades.”
Enphase is now building the power modules needed to assemble full-scale IQ SST racks and validate the architecture at megawatt scale. Validation spans both power-module and system-level performance, including operation at medium-voltage AC levels from 13.8 kV to 34.5 kV, full-rack electrical and thermal performance, power-conversion efficiency, distributed control and redundancy, and partial-discharge characterization to validate insulation performance.
At the center of each power module is a proprietary high-frequency transformer developed by Enphase’s in-house magnetics team. The transformer carries power across the isolation boundary between the medium- and low-voltage domains, while a fiber-optic link provides the only other connection across that boundary. Enphase’s magnetics team has spent approximately two decades developing high-frequency transformer technology for demanding power-electronics applications.
Each power module also uses gallium nitride (GaN) power-switching technology and Enphase’s custom Kestrel ASIC, its fifth-generation control silicon. Kestrel integrates high-speed power control, sensing, communications, protection, and security, while GaN enables the high-frequency power conversion at the core of the IQ SST architecture.
The power modules share form-factor and process commonality with Enphase’s latest IQ Microinverters, providing a path to highly automated production as the program advances toward commercialization. Enphase has shipped approximately 89.4 million microinverters and has U.S. manufacturing capacity of approximately 12 million microinverters annually. This proven high-volume manufacturing model is designed to scale IQ SST power module manufacturing capacity to tens of gigawatts annually.
Enphase plans to assemble complete IQ SST racks in Texas, as full-system validation progresses. The IQ SST is being developed around Enphase’s U.S. footprint, supporting a domestic, scalable supply chain for AI data center power infrastructure. The supply chain is expected to meet applicable federal requirements, including foreign entity of concern (FEOC) requirements.
Full-system demonstrations of IQ SST racks are expected in November 2026, with customer pilots planned for 2027. To learn more about IQ SST, visit 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 89.4 million microinverters, with approximately 5.3 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 development, validation, product and technology capabilities, performance, response times, architecture, manufacturing processes and scalability, supply chain, regulatory compliance, commercialization, and timing of demonstrations and customer pilots for Enphase Energy’s IQ Solid-State Transformer (IQ SST). 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, Enphase Energy’s ability to develop, qualify, manufacture, validate, and commercialize the IQ SST and achieve the targeted technical and system-level performance, including conversion of AC to DC, eliminating local batteries, and anticipated response times; the ability to scale U.S. production and achieve targeted output, yield, cost, response times and performance using manufacturing processes and form-factor commonality with Enphase IQ Microinverters; the ability to secure components and cost of supply, including gallium nitride (GaN); the ability of the Kestrel ASIC, GaN-based power conversion, and distributed architecture to perform as intended; the pace and direction of the AI data center industry’s move toward 800 VDC and other changes in data center power architectures; customer adoption; ability to satisfy applicable regulatory and policy requirements, including domestic content and foreign entity of concern (FEOC) requirements; and complete timing of full-system demonstrations, customer pilots, and commercialization on the expected timeline; as well as competitive dynamics, execution risks related to entering new markets, 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) 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 -11.1% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Solar industry, to which Enphase Energy belongs, has lost 16.9% 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.
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 $0.48 per share for the current quarter, representing a year-over-year change of -46.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -19.2%.
The consensus earnings estimate of $2.01 for the current fiscal year indicates a year-over-year change of -32.1%. This estimate has changed -2.7% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.46 indicates a change of +22.2% from what Enphase Energy is expected to report a year ago. Over the past month, the estimate has changed +0.8%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enphase Energy.
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 $306.7 million for the current quarter points to a year-over-year change of -25.3%. The $1.2 billion and $1.33 billion estimates for the current and next fiscal years indicate changes of -18.3% and +10.3%, respectively.
Last Reported Results and Surprise HistoryEnphase Energy reported revenues of $291.85 million in the last reported quarter, representing a year-over-year change of -19.6%. EPS of $0.46 for the same period compares with $0.69 a year ago.
Compared to the Zacks Consensus Estimate of $292.17 million, the reported revenues represent a surprise of -0.11%. The EPS surprise was 0%.
Over the last four quarters, Enphase Energy surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two 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.
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.
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.
A Texas factory just handed Enphase a credible claim on the AI data-center power market, and SolarEdge surged even harder despite announcing nothing at all.
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Solar names caught a midday bid on a manufacturing milestone tied to AI data-center power infrastructure. Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) said power modules for its IQ Solid-State Transformer, or IQ SST, are now being built at its Arlington, Texas facility, enabling full-scale racks to be assembled and validated for prospective data-center customers. SolarEdge Technologies (NASDAQ:SEDG) stock rallied in sympathy, boosted by its own SST platform aimed at the same AI-factory opportunity.
The Invesco Solar ETF (NYSEARCA:TAN) is up 3% on the session. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.42%, framing solar as a clear day-of outperformer against a softer broad-market tape.
Enphase stock is up 5% to $38.31, extending its year-to-date gain to 20%. At the same time, SolarEdge stock is climbing 6% to $36.34, an outsized reaction given that the company hasn’t announced any news of its own today.
Texas Line Puts a Face on the AI-Power Pitch Each IQ SST power module is rated at 4 kW, and hundreds combine into a rack with capacity up to 5 MW. The design converts medium-voltage AC (13.8 kV or 34.5 kV) directly to 800-volt DC, with sub-millisecond response to the sharp load swings AI training and inference workloads generate, reducing the need for battery buffering next to every compute rack.
Co-founder and chief product officer Raghu Belur explained that hundreds of modules together make a multi-megawatt rack, and Enphase scales by repeating the same compact module rather than building larger power-conversion systems. The modules share their form factor and production process with the company’s microinverters, which makes the Texas milestone credible rather than a paper design.
Enphase’s management flagged customer engagement across hyperscalers, neoclouds, colocation providers, EPCs, and server providers, with opportunities at the RFI and RFP stages representing potential demand totaling multiple gigawatts. Full-system demonstrations remain on track for later this year, with customer pilots beginning in 2027 and commercial shipments in 2028.
SolarEdge Runs a Parallel Playbook SolarEdge’s own SST platform targets the same AI-factory build-out, and CEO Shuki Nir has framed the effort as addressing “the significant opportunity in AI factories.” On the company’s August 5 earnings call, SolarEdge said prospective customer engineering teams viewed a working prototype convert medium-voltage AC to a regulated 800-volt DC bus at 99% efficiency across a range of power levels.
SolarEdge’s roadmap points to a working lab system by the end of 2026, pilot installations in 2027, and volume shipments in 2028, mirroring Enphase’s commercialization schedule. Both names remain pre-revenue on the data-center side, and SolarEdge’s investor day on September 10, 2026 sits two days out as its next scheduled disclosure moment.
Solar Scorecard First Solar (NASDAQ:FSLR), the largest U.S. solar manufacturer, sits outside the SST story, though its 45.1-gigawatt contracted backlog through 2030 keeps it central to any broader rotation into domestic solar. First Solar stock is down 19% year to date, entering today’s sector move from a much weaker anchor than its two rallying sector peers.
The Invesco Solar ETF’s 3% session gain lags both SST-linked names by a wide margin, suggesting today’s bid is concentrated in the two companies with an explicit AI-data-center power narrative. That divergence underscores how selective the tape has been within the solar complex.
Ticker Session Move Year to Date ENPH +5% +20% SEDG +6% +27% FSLR +4% -19% TAN +3% -1% SPY -0.4% +12.5% What to Watch The AI-power thesis in solar names now has a factory address. A signed contract with a data-center operator remains ahead, and Enphase’s next tangible catalyst is a full-system IQ SST demonstration targeted for November, followed by customer pilots in 2027 and commercial shipments in 2028. SolarEdge’s Thursday investor day could validate today’s sympathy bid with firmer numbers around its data-center opportunity.
The bulls can argue that Enphase’s Texas line proves a residential-solar manufacturer can credibly extend into medium-voltage data-center gear using its existing production base. The bears could counter that SolarEdge outran Enphase today on no company-specific news, suggesting part of the move is a sector-wide bid that could fade if AI-power sentiment cools.
Investors sizing their exposure should treat both names as speculative AI-adjacent positions rather than solar-industrial staples, keeping their allocations modest ahead of SolarEdge’s investor day and Enphase’s late-year system demonstration. Position sizing matters more than usual given the pre-revenue status of both SST platforms.
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Enphase Energy (ENPH - Free Report) closed the most recent trading day at $36.15, moving +1.77% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.06%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 1.4%.
The solar technology company's stock has dropped by 8.81% in the past month, falling short of the Oils-Energy sector's gain of 4.7% and the S&P 500's gain of 2.46%.
The investment community will be paying close attention to the earnings performance of Enphase Energy in its upcoming release. It is anticipated that the company will report an EPS of $0.48, marking a 46.67% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $306.7 million, indicating a 25.27% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.01 per share and revenue of $1.2 billion, indicating changes of -32.09% and -18.31%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Enphase Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection has moved 2.69% lower. Currently, Enphase Energy is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 17.63. This signifies a premium in comparison to the average Forward P/E of 11.4 for its industry.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 12% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Expanded metering compatibility lets IQ EV Charger 2 work intelligently on its own, with existing solar systems, or as part of an Enphase Energy System
FREMONT, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced expanded metering compatibility for the Enphase® IQ® EV Charger 2 across several European markets. The expanded compatibility makes it easier for installers to bring smart EV charging to more homes, including those without an Enphase solar or battery system.
The IQ EV Charger 2 can use home metering data from compatible smart meters or CT-based metering solutions to enable dynamic load balancing and green charging. This allows the charger to operate intelligently whether it is installed on its own, with an existing solar system, or as part of an Enphase Energy System.
Dynamic load balancing automatically adjusts EV charging as electricity use in the home changes, helping prevent overloads and keep charging within the home’s available electrical capacity. Green charging uses available surplus solar energy to charge the vehicle and works with compatible third-party solar systems as well as Enphase solar.
Smart meter integrations include Linky in France through TIC, P1/DSMR in the Netherlands, Belgium, and Luxembourg, and HAN connections in Norway. In other markets, installers can use compatible CT-based metering solutions.
“The P1 connection is already sitting in many Dutch homes, and now we can use it,” said Dennis Dijkman, director at Dijkman Zonne-energie, an installer of Enphase products in the Netherlands. “Wired or wireless, we get load balancing and solar charging working quickly, whether or not the customer has an Enphase system.”
“With this new metering solution, it’s now easier to install a standalone IQ EV Charger 2,” said Simon Webb, managing director at Wow Energy, an installer of Enphase products in the United Kingdom. “It can help keep the customer inside their DNO fuse limit and even provide solar charging in homes where the customer does not have an Enphase system.”
“IQ EV Charger 2 is designed to work with the energy system homeowners have today and grow with them over time,” said Jayant Somani, senior vice president of the digital business unit at Enphase Energy. “Homeowners can start with smart EV charging, charge from solar when available, and expand over time with Enphase solar, batteries, and energy management — all designed to work together as one integrated energy system.”
For more information about the Enphase IQ EV Charger 2, please visit the Enphase website for France, the Netherlands, Belgium (French and Dutch), Luxembourg, Norway, the United Kingdom and Germany.
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 89.4 million microinverters, with approximately 5.3 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, compatibility, availability, and customer and installer benefits of Enphase Energy's technology and products, including the Enphase IQ EV Charger 2, its meter integrations, dynamic load balancing, green charging, and the Enphase Installer App. 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 availability and compatibility of third-party smart meters and metering hardware, changes to utility and regulatory requirements in European markets, 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., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that more than 7,500 homeowners across the United States have enrolled in Enphase® Care, the company’s premium support offering for Enphase solar and battery systems. Enphase Care gives homeowners the confidence of long-term support from the company that knows their energy systems best.
Available in all 50 U.S. states, Enphase Care adds proactive system monitoring, panel warranty claim support, and no-cost service visits for covered repairs. Backed by Enphase’s 24/7 expert support and system intelligence, including the Enphase AI Assistant, Enphase Care helps identify issues early, resolve them quickly, and coordinate service when needed.
Homeowners can choose Enphase Care with annual coverage or Enphase Care+ with 10 years of prepaid coverage for long-term peace of mind. The two options make it simple for homeowners to choose the coverage that works best for them.
For installers, Enphase Care adds another reason for homeowners to choose the Enphase platform. By giving customers confidence that their systems will be supported for years to come, Enphase Care helps installers strengthen customer relationships and creates opportunities for future system expansions, including batteries, EV charging, and other Enphase products.
Enphase Care also extends the value of the company’s platform beyond the initial system purchase, creating a long-term services opportunity across its growing installed base. At its current pace, Enphase Care is on track to enroll more than 10,000 homeowners annually.
“I don't worry about surprise repair bills anymore,” said Thomas A., an Enphase Care customer in Texas. “If something looks off, Enphase alerts me and helps right away. Knowing I'm covered lets me focus on the savings.”
“One panel had been underproducing for weeks, and I never would have caught it,” said Reed West III, an Enphase Care customer in Virginia. “Enphase caught it, came out, and the visit was covered."
“Homeowners choose Enphase for technology they expect to rely on for many years, and they should be able to rely on the company behind it for just as long,” said Nitish Mathur, SVP of customer experience at Enphase Energy. “Enphase Care gives homeowners peace of mind for years to come. It makes the Enphase platform more valuable for our installer partners and gives Enphase the opportunity to support homeowners well beyond the initial installation.”
To learn more about Enphase Care, visit 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 89.4 million microinverters, with approximately 5.3 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; Enphase Energy's expectations regarding its Enphase Care service plans, including the scope, availability, delivery of coverage, and expected enrollment growth. 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 including those risks described in more detail in Enphase Energy's most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. 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., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced an expanded homeowner outreach effort in the Netherlands to help solar-only customers prepare for the end of net metering on Jan. 1, 2027, and understand how battery storage can help them maximize the value of their solar systems. Enphase expects to host more than 300 in-person homeowner events and online webinars in 2026, with more than 100 already completed, generating thousands of leads to date.
Enphase is onboarding hundreds of installers into its lead-referral program and is partnering with Prets.io, an independent Dutch fintech platform, to connect prospective customers with available financing options and help address affordability at the time of purchase.
When net metering concludes at the end of 2026, existing Dutch solar-only systems will not be grandfathered in, meaning homeowners will receive less value for solar energy exported to the grid. Adding an IQ® Battery enables homeowners to store and use more of their own solar generation rather than export it at a reduced rate, helping protect the value of their existing solar investment.
“The end of net metering is a wake-up call, and Dutch homeowners are ready to act,” said Sjoerd Gravemaker, CEO of Reconnect Energy, an installer of Enphase products in the Netherlands. “Energy price swings and global supply disruptions have made energy independence a real priority. A solar-plus-battery system delivers exactly that, and the turnout and leads we're seeing at these Enphase homeowner events make clear that homeowners are ready to make the move.”
“Pebble Green Systems has been a Platinum-level installer of Enphase products for many years, and we have now completed a thousand installations using Enphase microinverters,” said Leo van der Grinten, owner of Pebble Green Systems. “Thanks to the Enphase promotion, combined with the regional presentations Enphase conducts, we have been receiving a steady stream of leads. Because these homeowners sign a pre-order after the presentation, they know exactly what the system cost will be. As a result, the intake conversations are short, with a success rate of approximately 50%. We are pleased with this.”
“I have never experienced such a high-quality event before,” said Harry van Torenburg, a homeowner in the Netherlands who ordered an IQ Battery system following a local Enphase event. “I truly felt like a VIP. The Enphase team really knows how to make customers feel valued, and I walked away ready to move forward with my Enphase system.”
Additionally, through a new referral arrangement with Enphase, Prets.io will offer eligible Dutch homeowners streamlined access to financing solutions, including Warmtefonds, the Netherlands’ leading government-backed loan program for sustainable energy investments. Availability and terms of financing are determined by Warmtefonds and/or the applicable financing provider. By guiding homeowners through the application process without requiring installer involvement, Prets.io can help simplify access to Warmtefonds and other available financing options.
“Warmtefonds is an attractive financing option available for Dutch homeowners making sustainable energy investments, but the application process is not always straightforward at the moment of purchase,” said Eugene Lubbers, CEO and co-founder of Prets.io. “With the Prets.io platform, homeowners can now access the financing application process soon after the Enphase event, when they are already inclined to move forward.”
“Nearly half a million Dutch homeowners have trusted Enphase with their solar systems, and we have a responsibility to help them protect that investment,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “Our events and webinars are packed because homeowners understand the stakes. With Prets.io, we are making it easier for homeowners to understand and access available financing options. Homeowners can leave one of our events with a plan, a price, and a path to getting it done.”
To learn more about Enphase solar and battery solutions in the Netherlands, visit 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 89.4 million microinverters, with approximately 5.3 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 homeowner outreach and education initiatives in the Netherlands; expectations regarding the number, timing, effectiveness, and results of homeowner events and webinars; anticipated homeowner interest in and adoption of IQ Battery systems and other Enphase products; the expected benefits of battery storage, including increased self-consumption and protection of the value of existing solar investments; Enphase Energy's expectations regarding the impact of the planned abolishment of net metering in the Netherlands and resulting homeowner demand for energy storage solutions; and Enphase Energy’s plans to expand homeowner access to financing options through additional touchpoints and channels. 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, changes in market demand; rate of homeowner adoption of battery storage systems; energy prices and tariff structures; the timing, terms, and implementation of regulatory and policy changes, including the discontinuation of net metering in the Netherlands; the performance and availability of financing programs and third-party financing partners; installer participation and execution; 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.
A month has gone by since the last earnings report for Enphase Energy (ENPH - Free Report) . Shares have added about 9.5% 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? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Enphase Energy, Inc. before we dive into how investors and analysts have reacted as of late.
Enphase Energy Q2 Earnings Match Estimates, Revenues Decline Y/Y
Enphase Energy, Inc. reported second-quarter 2026 adjusted earnings of 46 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 33.3% from 69 cents in the prior-year quarter.
Including one-time adjustments, the company posted GAAP earnings of 27 cents per share, down from 28 cents recorded in the year-ago quarter.
ENPH’s RevenuesEnphase Energy’s second-quarter revenues of $291.9 million missed the Zacks Consensus Estimate of $295 million by 1%. The top line also decreased 19.6% from the prior-year quarter’s reported figure of $363.2 million.
The year-over-year plunge was mainly due to weaker sales in the United States.
Enphase Energy’s Operational UpdateThe company’s adjusted gross margin decreased 180 basis points year over year to 46.8%.
Adjusted operating expenses rose 2.6% year over year to $79.8 million.
The adjusted operating income totaled $56.7 million, down 42.5% from the year-ago quarter.
Enphase Energy’s Shipments Gain MomentumENPH’s shipments amounted to approximately 1.59 million microinverters and 113.8 megawatt-hours (MWh) of Enphase IQ Batteries.
More than 25,000 installers worldwide were certified to install IQ Batteries at quarter-end, up from more than 24,000 in the preceding quarter.
Financial Details of ENPHEnphase Energy had $529.3 million in cash and cash equivalents as of June 30, 2026 compared with $474.3 million as of Dec. 31, 2025.
The net cash flow from operating activities was $143.2 million during the first six months of 2026 compared with $75 million in the prior-year period.
Q3 2026 Guidance by Enphase EnergyFor the third quarter of 2026, ENPH expects revenues in the range of $290-$320 million. The Zacks Consensus Estimate for third-quarter revenues is pegged at $315.9 million, which is at the higher end of the company’s guided range.
Enphase Energy expects to ship IQ batteries in the range of 130-150 MWh in the third quarter.
Adjusted operating expenses are expected between $76 million and $80 million. This excludes approximately $44 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 anticipated in the range of 44-47%, excluding stock-based compensation expenses and acquisition-related amortization.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -13.14% due to these changes.
VGM ScoresAt this time, Enphase Energy has a poor Growth Score of F, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a score of D on the value side, putting it in the bottom 40% for value investors.
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. Interestingly, Enphase Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
On August 28, 2026, Enphase Energy Inc ENPH shares fell 5.1% to a current price of $37.25. This decline comes amid a 52-week range that has seen a high of $73.74 and a low of $25.78.
GF Value™ verdict: Current price is $37.25, which is 30.6% below the GF Value of $53.70. GF Score™ of 77/100 indicates an above-average performance relative to peers. Notable signal: Insider activity shows net selling of $9.7M over the past 12 months. Is ENPH Overvalued or Undervalued? Enphase Energy Inc ENPH is currently trading at $37.25, which is significantly below the GF Value™ estimate of $53.70, suggesting that the stock is undervalued by approximately 30.6%. This presents an opportunity for investors who may be looking for discounted stocks, with a margin of safety implied by the discrepancy between the market price and the estimated intrinsic value. GF Value™ is GuruFocus' proprietary intrinsic-value estimate, factoring in historical trading multiples, past business growth, and future performance projections. The designation of "Significantly Undervalued" further supports the notion that ENPH may be an attractive buy at current levels, although potential investors should remain cautious about market volatility and sector dynamics.
How Does ENPH's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 37.2x 61.0x Forward P/E 18.9x N/A Currently, ENPH's P/E (TTM) of 37.2x is significantly below its 5-year median of 61.0x, indicating that the stock is trading at a lower valuation compared to its historical average. This P/E analysis is in agreement with the GF Value™ verdict, reinforcing the notion that ENPH is indeed undervalued at its current price level.
What Does ENPH's GF Score™ Tell Us? The GF Score™ is a comprehensive measure that evaluates a stock's performance based on several key factors, including financial strength, profitability, growth potential, valuation, and momentum. Enphase Energy's score of 77/100 indicates a solid standing among its peers, with strengths in profitability and valuation, though it shows some weakness in growth.
Metric Rating GF Score™ 77 Financial Strength 7/10 Profitability 8/10 Growth 3/10 Valuation 8/10 Momentum 7/10 The strongest area for ENPH is its profitability rank of 8/10, indicating solid earnings performance relative to its peers. However, the growth rank of 3/10 suggests that the company may not be expanding as rapidly as other firms within the sector. Together, these scores provide a balanced view of ENPH’s current standing in the market.
What Are Gurus and Insiders Doing with ENPH? Currently, 7 gurus hold positions in Enphase Energy, with 1 guru adding to their stake while 7 have trimmed their positions in recent quarters. This indicates a cautious approach among professional investors regarding the stock. Additionally, insider activity has shown that over the past 12 months, insiders bought $1.1M worth of shares but sold $10.8M, resulting in a net selling of $9.7M. This trend may signal a lack of confidence among insiders, which is an important consideration for potential investors.
What This Means for Investors Based on the current analysis, Enphase Energy Inc ENPH appears to be undervalued according to the GF Value™ estimate, providing a potential opportunity for investors looking for stocks with a margin of safety. However, the insider selling and growth rank should be taken into account when evaluating the overall investment thesis. For further details and insights, please visit the Enphase Energy Inc (ENPH) stock page.
Frequently Asked Questions What is ENPH's GF Score™?
ENPH has a GF Score™ of 77/100, indicating above-average performance compared to its peers.
Is ENPH overvalued or undervalued?
ENPH is currently undervalued, with a GF Value™ estimate suggesting a 30.6% upside from its current price.
What is ENPH's P/E ratio?
ENPH's P/E (TTM) ratio is 37.2x, which is significantly below its 5-year median of 61.0x, highlighting its undervalued status in historical terms.
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].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
FREMONT, Calif., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced the availability of the Enphase® AI Assistant in the Enphase® App for homeowners. The assistant brings agentic AI into the home energy experience, helping customers understand what is happening in their Enphase systems, why it is happening, and what action, if any, they should take. Watch a video showcasing the Enphase AI Assistant here.
Home energy is becoming more dynamic as homeowners add solar, batteries, EV charging, time-of-use rates, backup power, and grid services. The Enphase AI Assistant is designed for this new reality as an intelligent energy companion. Using live system context, it can answer natural language questions, explain system behavior, guide troubleshooting, and help homeowners move from insight to action — through both the Enphase App and the Enphase Support website.
“Homeowners should not need to be energy experts to understand how their homes use energy,” said Nitish Mathur, SVP of customer experience at Enphase Energy. “The Enphase AI Assistant turns complex system data into clear, personalized guidance, helping customers understand what is happening, why it is happening, and what they can do next.”
Homeowners can ask questions such as: Why did my battery discharge overnight? Why did I export more energy than usual? Is my system operating normally? Why is my electricity bill higher than expected? The assistant answers by using site-specific context already visible in the Enphase App, including solar production, home consumption, battery charge and discharge, grid import and export, EV charging activity, gateway connectivity, device status, and alert information.
The Enphase AI Assistant is not a general-purpose chatbot. It is built as a governed AI layer for home energy, combining large language models, model routing, retrieval-augmented generation, tool orchestration, and Enphase-approved knowledge sources. The assistant can route simple status checks to faster model paths while using deeper reasoning for more complex questions such as battery behavior, system troubleshooting, and energy usage explanations.
The Enphase AI Assistant is built around a simple model: sense, explain, and act. It understands what is happening across the home, explains it in plain language, and with the homeowner’s approval can take supported actions. For app-based controls such as battery operating profiles, charge-from-grid settings, EV charging behavior, notification preferences, and report generation, any system-changing action requires explicit homeowner confirmation and internal validation before execution.
The launch marks an important evolution of the Enphase App — from a place where homeowners monitor their energy system to an intelligent interface that can understand, explain, and help manage the entire home energy experience.
Security, privacy, and AI governance are built into the assistant’s architecture, including persona-based access, tool-level filtering, action policies, audit logging, session context management, response quality evaluation, and safeguards for customer-specific data. These controls help the assistant deliver personalized guidance while respecting product permissions and backend systems of record.
When expert help is needed, the assistant can seamlessly hand the conversation to Enphase customer service with the relevant system context and conversation history, so customers do not have to start over.
The Enphase AI Assistant is now broadly available to homeowners in most markets through the Enphase App, with availability continuing to expand. Feature availability may vary by country, system type, installed products, app version, account permissions, and enabled feature flags. To try the Enphase AI Assistant or get more information about how it works, please visit 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 89.4 million microinverters, with approximately 5.3 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, customer experience benefits, technical architecture, integrations, safety and security controls, and future development of Enphase Energy's technology and products, including the Enphase AI Assistant and Enphase App. 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 ability of the AI agent to function as designed and anticipated 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.
Bank of America Corp DE lessened its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 31.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 487,939 shares of the semiconductor company’s stock after selling 227,853 shares during the period. Bank of America Corp DE owned about 0.37% of Enphase Energy worth $18,449,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Enphase Energy by 431.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 514 shares during the last quarter. Activest Wealth Management lifted its stake in Enphase Energy by 52,000.0% during the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,040 shares during the last quarter. Ascentis Independent Advisors acquired a new position in Enphase Energy in the first quarter valued at approximately $33,000. Danske Bank A S acquired a new position in Enphase Energy in the third quarter valued at approximately $39,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Enphase Energy in the fourth quarter valued at approximately $45,000. 72.12% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of research analysts recently commented on ENPH shares. Evercore reaffirmed a “positive” rating and issued a $41.00 target price on shares of Enphase Energy in a research report on Monday. TD Cowen reduced their price target on shares of Enphase Energy from $70.00 to $48.00 and set a “hold” rating for the company in a research report on Monday, July 20th. The Goldman Sachs Group upped their price objective on shares of Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Citigroup dropped their price objective on Enphase Energy from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Susquehanna cut their target price on Enphase Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.79.
Check Out Our Latest Stock Report on Enphase Energy Insiders Place Their Bets In related news, Director Richard Mora sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $36.76, for a total value of $73,520.00. Following the sale, the director owned 11,922 shares in the company, valued at $438,252.72. This represents a 14.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Shanker Trivedi acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of $53.91 per share, with a total value of $53,910.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at $53,910. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 4,200 shares of company stock worth $179,000. 2.90% of the stock is owned by corporate insiders.
Enphase Energy Stock Performance Shares of ENPH stock opened at $39.37 on Thursday. The stock’s 50-day moving average price is $43.47 and its 200 day moving average price is $44.07. The company has a quick ratio of 2.95, a current ratio of 3.45 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.20 billion, a PE ratio of 39.37 and a beta of 1.64. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $73.74.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $291.85 million for the quarter, compared to analysts’ expectations of $289.76 million. Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%.Enphase Energy’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. As a group, equities research analysts forecast that Enphase Energy, Inc. will post 0.76 EPS for the current year.
About Enphase Energy (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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The U.S. solar market continues to benefit from strong demand from utilities, commercial customers and power-hungry data centers, with SEIA forecasting the nation’s solar fleet to double over the next five years. However, policy changes under the OBBBA and rising tariffs are creating a more uneven growth outlook by increasing uncertainty, raising manufacturing costs and putting pressure on supply chains. While utility-scale solar is expected to remain the primary growth driver, the expiration of residential tax incentives and ongoing trade actions could weigh on broader market expansion. A few prominent companies that solar investors may want to monitor are First Solar (FSLR - Free Report) , Enphase Energy (ENPH - Free Report) and T1 Energy Inc (TE - Free Report) .
About the Industry The Zacks Solar industry can be fundamentally categorized into two groups of companies. One is involved in designing and producing high-efficiency solar modules, panels and cells, while the other is engaged in installing grids and, in some cases, entire solar power systems. The industry also includes a handful of companies that manufacture inverters for solar power systems, which convert solar power from modules into electricity required by electric grids. Per a report from the U.S. Energy Information Administration (“EIA”), solar’s share of U.S. electricity generation will be 8% in 2026 and 9% in 2027. It remains the nation's dominant form of new generating capacity.
3 Trends Shaping the Future of the Solar Industry Strong Demand Supports Solar Market Growth: Across the United States, utilities and commercial customers are turning to solar power paired with battery storage to meet their growing need for affordable, dependable and cleaner electricity. Higher power costs and corporate decarbonization goals are strengthening the economic case for solar, while battery systems provide an added layer of reliability by supplying electricity when grid conditions are strained or outages occur. At the same time, surging power requirements from data centers are creating a powerful new source of demand for renewable generation and energy storage. The rapid growth of artificial intelligence, cloud services and other digital technologies is driving hyperscalers and technology companies to commit substantial capital to large-scale solar and storage projects. By securing additional generation and storage capacity, these companies can better address their future electricity needs while advancing their emissions-reduction and net-zero objectives.
A report published in June 2026 by the Solar Energy Industries Association (“SEIA”) states that U.S. solar outlook for 2026-2031 has been raised by 1.4%, driven mainly by stronger utility-scale demand. The updated forecast points to the U.S. solar fleet doubling over the next five years, although annual capacity additions are expected to remain largely stagnant. By comparison, the previous doubling of the U.S. solar industry took just three years.
Policy Changes Reshape the U.S. Solar Growth Outlook: The One Big Beautiful Bill Act (“OBBBA”) has significantly changed the timeline for federal solar tax incentives. The key July 4, 2026, deadline for beginning construction has now passed, meaning solar projects that did not commence construction by that date generally must be placed in service by Dec. 31, 2027, to qualify for the Section 48E Investment Tax Credit or Section 45Y Production Tax Credit. Another major policy issue is the OBBBA's new Foreign Entity of Concern (“FEOC”) restrictions. These rules affect projects seeking the 45Y and 48E credits, as well as manufacturers claiming the Section 45X advanced manufacturing credit. The OBBBA also eliminated the Section 25D residential clean-energy tax credit for customer-owned solar and storage systems after Dec. 31, 2025. This has created a more immediate headwind for the residential market than for utility-scale solar. SEIA expects residential installations to decline sharply in 2026 following the expiration of 25D. SEIA expects the OBBBA to create a more uneven growth profile. Developers have been accelerating projects and securing their pipelines in response to the new tax-credit rules, which could pull some installations forward into 2026-2027 while creating greater uncertainty beyond that period.
Tariff Policies Add Pressure to the U.S. Solar Industry: The heightened U.S. tariffs on imported goods have been negatively impacting nearly all industries, and solar is no exception. As expected, these tariffs have increased manufacturing costs for solar companies, which were already grappling with raw material shortages due to global supply-chain challenges. The SEIA’s June 2026 report highlights tariffs and ongoing trade actions as a significant challenge for the U.S. solar manufacturing industry. Although domestic module production has expanded substantially and now supplies about 70% of U.S. solar installations, manufacturers still depend heavily on imported solar cells, with the United States having only about 3 GW of domestic cell manufacturing capacity. New preliminary antidumping (AD) and countervailing duty (CVD) tariffs announced for solar cells and modules from India, Indonesia and Laos add further pressure, while Malaysia, Thailand and Vietnam were already subject to tariffs. Together, these six countries supplied 78% of U.S. cell imports in 2025, meaning the trade measures could raise costs and tighten component availability for domestic manufacturers. SEIA also warned that a potential Section 232 action on solar-grade polysilicon and derivative products could further constrain U.S. solar manufacturing, depending on its scope.
Zacks Industry Rank Reflects Gloomy Outlook The Zacks Solar industry is housed within the broader Zacks Oils-Energy sector. It currently carries a Zacks Industry Rank #202, which places it in the bottom 18% of more than 247 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the bottom 50% of the Zacks-ranked industries is due to a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group’s earnings growth potential over the past few months. The industry’s bottom-line estimate for the current fiscal year has moved down 10.7% to $1.34 since May 31.
Before we present a few solar stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags Sector & S&P 500 The solar industry has underperformed both its sector and the Zacks S&P 500 composite over the past year. The stocks in this industry have collectively lost 6.9% over the past year, while the Oils-Energy sector has risen 37.6%. The Zacks S&P 500 composite has surged 23% in the same time frame.
One-Year Price Performance
Industry's Current Valuation On the basis of the trailing 12-month EV/EBITDA, which is commonly used for valuing solar stocks, the industry is currently trading at 10.66X compared with the S&P 500’s 18.16X and the sector’s 5.83X.
Over the past five years, the industry has traded as high as 32.53X, as low as 4.48X and at the median of 12.44X.
EV-EBITDA Ratio (TTM)
3 Solar Stocks to Watch First Solar: Based in Tempe, AZ, the company is a leading global provider of comprehensive PV solar energy solutions and specializes in designing, manufacturing, and selling solar electric power modules using a proprietary thin-film semiconductor technology. On July 30, 2026, FSLR reported second-quarter results. The company achieved record second-quarter and first-half module sales volume, surpassed 100 GW of cumulative global module sales, and ended June with a substantial 45.1 GW contracted backlog extending through 2030. First Solar also maintained its 2026 guidance, including 17.0-18.2 GW of volume sold, $4.9-$5.2 billion in net sales and $2.6-$2.8 billion in adjusted EBITDA.
The Zacks Consensus Estimate for First Solar’s 2026 earnings per share (EPS) indicates an improvement of 24.91% from the prior-year reported figure. The consensus estimate for 2027 EPS indicates an improvement of 36.93% year over year. The company currently carries a Zacks Rank of 3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: FSLR
Enphase Energy: Based in Fremont, CA, this company is a global energy technology company that delivers energy management technology for the solar industry. It designs, develops, manufactures and sells home energy solutions, which connect energy generation, energy storage and control and communications management on a single intelligent platform. On July 28, 2026, Enphase Energy reported second-quarter results. The company shipped 1.59 million microinverters and 113.8 MWh of IQ Batteries, with battery shipments up from 103.1 MWh in the first quarter. U.S. manufacturing remained strong with 1.58 million microinverters and battery inverters shipped from its Texas and South Carolina facilities.
The consensus estimate for Enphase Energy’s 2027 EPS indicates an increase of 20% year over year. The Zacks Consensus Estimate for 2027 sales indicates an increase of 9.56% year over year. The stock currently carries a Zacks Rank of 3.
Price & Consensus: ENPH
T1 Energy: Based in New York, the company is an energy solutions provider, building an integrated supply chain for solar and batteries. On Aug. 12, 2026, T1 Energy reported second-quarter results. T1 Energy reported approximately $250 million in net sales, while the company’s G1_Dallas facility continued to ramp up production. The company expects full-year 2026 production to reach the high end of its 3.1-4.2 GW target. T1 Energy also monetized its remaining 2025 Section 45X tax credits for $39.1 million, helping strengthen liquidity. However, it remained loss-making, with an estimated net loss from continuing operations of $34-$37 million and negative adjusted EBITDA of $14.5-$11.5 million.
The Zacks Consensus Estimate for T1 Energy’s 2026 EPS indicates an increase of 83.25% year over year. The consensus estimate for 2026 sales indicates an increase of 27.23% year over year. The stock currently carries a Zacks Rank #3.
FREMONT, Calif., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today opened U.S. pre-orders for the IQ® Battery C80, its first commercial battery storage system. The all-in-one, AC-coupled system will deliver 80 kWh of usable energy capacity and up to 40 kVA of continuous power in a single, compact enclosure, with battery packs and microinverters fully integrated.
IQ Battery C80 extends Enphase's distributed architecture into commercial energy storage, completing the company's end-to-end commercial offering. It will pair with IQ9N-3P™ and IQ9S-3P™ Commercial Microinverters at 277Y/480 V, as well as IQ8P-3P™ and IQ8H-3P™ Microinverters at 120Y/208 V, enabling complete, all-AC solar-plus-storage systems without central inverters or high-voltage DC coupling.
From 80 kWh to 2 MWh, the system is engineered for commercial, industrial, and multifamily applications. Its modular architecture will allow customers to right-size projects and expand storage capacity over time. Its distributed, microinverter-based architecture is designed to reduce single points of failure and support high system uptime. IQ Battery C80 will support demand charge management, time-of-use shifting, solar self-consumption, grid services, and virtual power plant (VPP) participation — helping customers manage energy costs and maximize the value of onsite solar generation.
IQ Battery C80 will be available in two three-phase configurations: a 120Y/208 V model delivering 33 kVA for multifamily properties and smaller commercial buildings, and a 277Y/480 V model delivering 40 kVA for larger commercial and industrial applications. Both will use lithium iron phosphate (LFP) chemistry, deliver greater than 90% AC round-trip efficiency, and operate across an ambient temperature range of -22°F to 131°F.
Both configurations will support Enphase Power Control software, certified to UL 3141, enabling two-hour or four-hour system designs. Busbar and feeder overload controls will enable flexible wiring, help reduce balance-of-system infrastructure costs, and potentially avoid unnecessary electrical equipment upgrades. The AC-coupled architecture will also allow IQ Battery C80 to pair with third-party commercial three-phase solar inverters for both new and retrofit projects.
IQ Battery C80 will use active air cooling without liquid cooling or external HVAC, helping simplify installation and improve reliability. Its integrated battery and power-conversion architecture will also reduce the number of separate components that need to be installed and interconnected. Battery-module-level heating will support reliable operation in cold-weather conditions.
IQ Battery C80 is expected to be produced at U.S. manufacturing facilities and to be FEOC compliant. U.S. production can also help certain eligible projects qualify for domestic content bonus tax credits, subject to project-specific requirements and applicable laws.
Safety is engineered at the module level. IQ Battery C80 will feature battery-module smoke and gas sensing with active pressure release, along with support for fire alarm control panel integration and emergency stop for safe isolation. The system will be certified to UL 9540A and large-scale fire test protocols for thermal runaway safety and housed in an outdoor-rated NEMA 3R enclosure for pad or floor mounting.
“We designed the IQ Battery C80 to make commercial storage simpler to deploy, easier to scale, and more resilient,” said Aaron Gordon, senior vice president and general manager of the systems business unit at Enphase Energy. “With 208 V and 480 V configurations, it will serve applications ranging from multifamily properties to large commercial and industrial facilities.”
Pre-orders for the IQ Battery C80 are open now, with shipments expected to begin in the first half of 2027. The system will be backed by a 15-year limited warranty. Customers should consult their legal and tax advisors to confirm eligibility for applicable tax credits and incentives. Learn more about commercial storage 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 89.4 million microinverters, with approximately 5.3 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 the IQ Battery C80, IQ9N-3P Commercial Microinverters, and IQ9S-3P Commercial Microinverters; the anticipated benefits of Enphase Energy's distributed commercial solar-plus-storage architecture; expected market opportunities for commercial, industrial, and multifamily energy storage systems; anticipated customer demand for the IQ Battery C80; the expected scalability and applications of the IQ Battery C80, including demand charge management, time-of-use shifting, self-consumption, grid services, and virtual power plant participation; the expected production of the IQ Battery C80 at U.S. manufacturing facilities; expectations regarding FEOC compliance and the potential availability of domestic content bonus tax credits for certain eligible projects; and the expected timing of product availability and shipments. 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 commercial energy storage systems and related products; competitive developments; changes in tax credits, incentive programs, or other 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.
FREMONT, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced that Italian homeowners can now build a complete home energy system with Enphase, combining solar, storage, backup, and EV charging on a single platform. The new IQ® System Controller 3 enables homeowners with IQ® Battery 5P™ systems to add home backup for the first time, including three-phase backup, while the IQ® EV Charger 2 lets them power their vehicle from their own solar energy. Together, the products give homeowners a future-ready system they can expand as their energy needs grow.
FREMONT, Calif., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced expanded support that allows homeowners with existing non-Enphase solar systems to add the IQ ® Battery 10C and whole-home backup, without replacing the solar equipment already on the roof.
SolarEdge Technologies (SEDG) led a broad decline among solar stocks Wednesday after its forecast for third-quarter revenue came in below Wall Street expectatio
Solar stocks jumped in Tuesday trading after reports suggested the Trump administration is considering policies that could support the domestic solar manufacturing industry. SolarEdge Technologies (NASDAQ:SEDG | SEDG Price Prediction) stock is up 8% to $48.68, while Enphase Energy (NASDAQ:ENPH) stock has climbed 5% to $41.28 and First Solar (NASDAQ:FSLR) stock has gained 4% to $241.60.
The rally wasn’t limited to those three companies. Array Technologies (NASDAQ:ARRY) stock is also up 4% to $5.89, while the Invesco Solar ETF (NYSE ARCA:TAN) is higher by 4% to $53.10, suggesting investors are buying into the broader solar sector rather than reacting to company-specific news.
Policy Hopes Give Solar Sector a Lift Reports indicate that the Trump administration is weighing measures that could establish a floor price for polysilicon, a key material used in solar manufacturing. Investors appear to view the proposal as a potential tailwind for U.S. solar manufacturers by supporting domestic production and reducing pricing pressure from lower-cost imports.
However, the proposal remains just that for now, and investors are still waiting to see whether any policy changes become official. Even so, the reports were enough to improve sentiment across a sector that has spent much of the past year under pressure from slowing demand and higher financing costs.
SolarEdge Leads While First Solar and Enphase Follow SolarEdge stock is leading Tuesday’s gains, which may reflect both the policy optimism and the company’s beaten-down share price after a difficult stretch for the residential solar market. SolarEdge could benefit if investors begin to expect a more supportive backdrop for the broader industry, although the company’s operational turnaround remains an important part of the long-term story.
First Solar stock’s gain may also reflect the company’s strong U.S. manufacturing footprint, which has often made First Solar a preferred way for investors to gain exposure to domestic clean energy production. Enphase Energy stock also participated in the rally, even though Enphase’s business focuses on microinverters and energy technology rather than manufacturing solar panels themselves.
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Array Technologies and TAN Confirm a Broader Rally Array Technologies stock joined the advance as investors looked beyond the industry’s largest names. The move suggests market participants are becoming more optimistic about companies that supply equipment and infrastructure supporting solar installations.
The Invesco Solar ETF also advanced, reinforcing the idea that Tuesday’s buying extended across the industry. When a sector ETF rises alongside multiple individual stocks, it can indicate that investors are responding to a broad theme instead of a single corporate announcement.
Investors Can Watch for Policy Details The bullish case is that supportive government policies could improve the outlook for domestic solar manufacturers and help revive investor interest after an extended downturn across much of the industry. If additional details emerge and are ultimately implemented, companies with significant U.S. operations could receive renewed attention from the market.
On the other hand, higher interest rates and uncertain demand for residential solar systems continue to present challenges for many companies in the sector. Investors may want to watch for whether proposed policy changes become concrete actions. Meanwhile, those choosing to invest in solar stocks should consider keeping their position sizes moderate while the longer-term outlook continues to develop.
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FREMONT, Calif., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today reinforced its commitment to designing and manufacturing critical power electronics in the United States, spanning residential and commercial solar and battery systems and next-generation power infrastructure for AI data centers.
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Arrowstreet Capital Limited Partnership lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 27.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,282 shares of the semiconductor company’s stock after buying an additional 128,283 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.45% of Enphase Energy worth $22,319,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ENPH. Monaco Asset Management SAM purchased a new position in shares of Enphase Energy in the 4th quarter valued at about $2,724,000. Vanguard Group Inc. lifted its holdings in shares of Enphase Energy by 1.5% during 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 period. Louisiana State Employees Retirement System acquired a new stake in shares of Enphase Energy during the 1st quarter worth $2,193,000. M&T Bank Corp increased its position in 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 purchasing an additional 55,557 shares in the last quarter. Finally, Swedbank AB increased its holdings in Enphase Energy by 11.3% in the 4th quarter. Swedbank AB now owns 584,898 shares of the semiconductor company’s stock valued at $18,746,000 after purchasing an additional 59,500 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.
Analyst Ratings Changes A number of research firms have recently weighed in on ENPH. Evercore set a $37.00 price target on Enphase Energy in a report on Monday, May 4th. The Goldman Sachs Group boosted their price target on shares of Enphase Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price objective on shares of Enphase Energy from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Wells Fargo & Company lowered their price objective on shares of Enphase Energy from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, TD Cowen dropped their price objective on Enphase Energy from $70.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.48.
Read Our Latest Stock Report on ENPH
More Enphase Energy News Here are the key news stories impacting Enphase Energy this week:
Positive Sentiment: Enphase reported adjusted earnings of $0.46 per share, matching consensus, while revenue of $291.9 million modestly exceeded estimates. Gross margins remained strong, supporting the company’s profitability despite lower sales. Enphase Energy Reports Financial Results for the Second Quarter of 2026 Positive Sentiment: Management highlighted energy storage, financing options, commercial expansion and stronger European demand as potential growth drivers. Enphase expects to begin IQ Battery 5 shipments in the fourth quarter of 2026 and has identified $75 million of safe-harbor activity in its third-quarter outlook. Enphase Q3 Revenue and IQ Battery 5 Outlook Positive Sentiment: New initiatives—including products aimed at data centers, the IQ EV Charger 2 and the Kestrel fifth-generation custom ASIC—could broaden Enphase’s addressable market and improve connectivity, security and power-management capabilities over time. Enphase Unveils Kestrel ASIC White Paper Insider Transactions at Enphase Energy In other Enphase Energy news, Director Richard Mora sold 700 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $64.20, for a total value of $44,940.00. Following the completion of the transaction, the director directly owned 13,922 shares of the company’s stock, valued at approximately $893,792.40. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $67.50 per share, with a total value of $337,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,645,632 shares in the company, valued at $111,080,160. This trade represents a 0.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.90% of the company’s stock.
Enphase Energy Stock Performance ENPH stock opened at $35.07 on Thursday. The firm has a 50 day simple moving average of $50.64 and a 200 day simple moving average of $43.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $73.74. The stock has a market cap of $4.62 billion, a P/E ratio of 35.07 and a beta of 1.62.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $291.85 million for the quarter, compared to analyst estimates of $289.76 million. Enphase Energy had a return on equity of 13.69% and a net margin of 10.09%.The company’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Research analysts anticipate that Enphase Energy, Inc. will post 0.82 earnings per share for the current fiscal 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.
Read More Five stocks we like better than Enphase Energy Why SK hynix Could Be the Best AI Chip Stock to Buy Now Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead? Why Bloom Energy May Be the Most Important AI Infrastructure Stock Want to see what other hedge funds are holding ENPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enphase Energy, Inc. (NASDAQ:ENPH – Free Report).
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Shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Free Report) gapped up before the market opened on Wednesday after Glj Research raised their price target on the stock from $21.70 to $24.47. The stock had previously closed at $36.32, but opened at $38.89. Glj Research currently has a sell rating on the stock. Enphase Energy shares last traded at $37.1320, with a volume of 1,705,886 shares traded.
Several other analysts have also recently issued reports on the stock. Morgan Stanley set a $27.00 price target on shares of Enphase Energy in a research report on Friday, May 8th. Oppenheimer dropped their price objective on shares of Enphase Energy from $68.00 to $57.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. UBS Group set a $85.00 target price on shares of Enphase Energy in a research note on Friday, May 22nd. Sanford C. Bernstein assumed coverage on shares of Enphase Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $56.00 target price on the stock. Finally, Roth Capital reissued a “buy” rating on shares of Enphase Energy in a research report on Friday, May 22nd. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.48.
Check Out Our Latest Research Report on ENPH
Insider Activity In other news, Director Shanker Trivedi bought 1,000 shares of Enphase Energy stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $53.91 per share, with a total value of $53,910.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at $53,910. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Mora sold 700 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $64.20, for a total transaction of $44,940.00. Following the completion of the sale, the director directly owned 13,922 shares in the company, valued at approximately $893,792.40. This trade represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.90% of the company’s stock.
Key Enphase Energy News Here are the key news stories impacting Enphase Energy this week:
Positive Sentiment: Enphase reported adjusted earnings of $0.46 per share, matching consensus, while revenue of $291.9 million modestly exceeded estimates. Gross margins remained strong, supporting the company’s profitability despite lower sales. Enphase Energy Reports Financial Results for the Second Quarter of 2026 Positive Sentiment: Management highlighted energy storage, financing options, commercial expansion and stronger European demand as potential growth drivers. Enphase expects to begin IQ Battery 5 shipments in the fourth quarter of 2026 and has identified $75 million of safe-harbor activity in its third-quarter outlook. Enphase Q3 Revenue and IQ Battery 5 Outlook Positive Sentiment: New initiatives—including products aimed at data centers, the IQ EV Charger 2 and the Kestrel fifth-generation custom ASIC—could broaden Enphase’s addressable market and improve connectivity, security and power-management capabilities over time. Enphase Unveils Kestrel ASIC White Paper Institutional Investors Weigh In On Enphase Energy A number of hedge funds and other institutional investors have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Enphase Energy by 431.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 514 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its stake in Enphase Energy by 77.8% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 350 shares in the last quarter. Activest Wealth Management lifted its holdings in Enphase Energy by 52,000.0% during the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,040 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Enphase Energy during the 1st quarter worth about $33,000. Finally, Danske Bank A S acquired a new position in shares of Enphase Energy during the 3rd quarter worth about $39,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.
Enphase Energy Trading Down 3.4% The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 35.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80. The company has a 50-day moving average price of $50.64 and a 200-day moving average price of $43.80.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last issued its earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $291.85 million for the quarter, compared to analyst estimates of $289.76 million. Enphase Energy had a return on equity of 13.69% and a net margin of 10.09%.Enphase Energy’s revenue was down 19.6% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. As a group, research analysts forecast that Enphase Energy, Inc. will post 0.82 EPS for the current fiscal year.
Enphase Energy Company Profile (Get 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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Key Takeaways Enphase expects Q3 revenues of $290M-$320M, with midpoint implying about 5% sequential growth.ENPH sees Europe and batteries drive growth, with European revenues up 35% sequentially.Enphase advances IQ SST, targeting pilots in 2027 and commercial shipments in 2028. Enphase Energy, Inc. (ENPH - Free Report) used its second-quarter 2026 earnings call to frame storage, financing and commercial expansion as the main bridges to renewed growth.
The company reported earnings of 46 cents per share on revenues of $291.9 million.
Enphase Energy, Inc. Price, Consensus and EPS SurpriseManagement remained cautious on near-term U.S. residential demand but pointed to improving sell-through, stronger European battery adoption and a widening product pipeline.
ENPH Guides to Sequential GrowthPresident and CEO Badri Kothandaraman said third-quarter revenues are expected between $290 million and $320 million, with the midpoint implying about 5% sequential growth.
The outlook includes roughly $75 million of safe harbor revenues and battery shipments of 130 to 150 megawatt hours. Management said the company was more than 70% booked to the midpoint.
Kothandaraman expects global sell-through to rise 10% sequentially, although Enphase plans to modestly under ship demand to reduce slightly elevated microinverter channel inventory.
Enphase Sees U.S. Demand StabilizingU.S. revenues declined 3% sequentially in the second quarter, while U.S. sell-through fell 7%. Excluding one-time first-quarter orders, sell-through was approximately flat.
Kothandaraman said third-party permit and upstream sales indicators improved in June, while Enphase’s Solargraf platform showed higher proposal activity in the second quarter.
In Q&A, a Goldman Sachs analyst pressed management on why shipments would trail improving demand. Kothandaraman said the roughly $15 million under-shipment assumption reflects caution and channel discipline rather than a weaker sell-through forecast.
ENPH Leans on Europe and BatteriesEuropean revenues increased 35% sequentially, while sell-through rose 30%, supported by solar and battery growth across the Netherlands, France and Germany.
Kothandaraman highlighted a battery-led model built around self-consumption, direct homeowner marketing and Enphase’s installed base. Battery activations rose about 102% sequentially in the Netherlands and 34% in France.
A Craig-Hallum analyst asked about battery demand elasticity. Kothandaraman said pricing is only one lever, alongside homeowner events, lead conversion, utility-qualified meter collars and financing programs that support higher battery attachment.
Enphase Expands Financing and Safe HarborPropel, a third-party ownership offering distributed through Greentech Renewables, has expanded to six states and about 290 participating installers.
Kothandaraman said originations are running near 200 per week, with roughly 75% battery attachment. SolSource aims to reach 12 states in the third quarter and 500 weekly originations by year-end.
Enphase has executed about $1.1 billion of safe harbor agreements year to date. Management expects Physical Work Test-related revenues to begin in 2028 and develop roughly linearly as projects are installed.
ENPH Broadens Its Product Road MapManagement expects initial shipments of the fifth-generation IQ Battery G5 in the fourth quarter. The stackable platform is designed for 50% higher energy density and about 40% lower cost per kilowatt hour than the fourth-generation product.
The company also began shipping its IQ9S-3P commercial microinverter and expects U.S. small-commercial revenues of approximately $10 million in the third quarter.
Kothandaraman positioned commercial solar, the planned IQ Vault battery and bidirectional EV charging as adjacent growth areas that extend Enphase beyond residential systems.
Enphase Advances the IQ SST OpportunityThe IQ solid-state transformer remained the call’s longest-term strategic focus. Management is targeting a fully working system later in 2026, customer pilots in 2027 and commercial shipments in 2028.
Kothandaraman said several customer discussions have progressed to RFI and RFP stages, representing potential multi-gigawatt demand. The platform targets direct conversion of medium-voltage AC to 800-volt DC for AI data centers.
In Q&A, management emphasized sub-millisecond response time, modular redundancy, U.S. manufacturing and a flexible architecture as differentiators. Executives avoided specific pricing or margin targets.
ENPH Maintains a Cautious Growth PostureThe call balanced near-term discipline with broader expansion. Management’s immediate priorities are healthier channel inventory, higher battery volumes, European conversion and financing-led U.S. demand.
At the same time, Enphase is investing in commercial energy systems and data center power infrastructure, extending its GaN-based technology platform into larger markets.
What Zacks Signals Say About EnphaseEnphase currently carries a Zacks Rank #3 (Hold), indicating a neutral near-term earnings estimate revision outlook. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its Value Score of D, Growth Score of D, Momentum Score of F and VGM Score of F point to weak style characteristics.
Zacks Style Scores work best alongside the Rank, with A or B grades preferred. The current combination warrants caution, though the Zacks Rank can change as analysts revise estimates following the just-reported results.
Key Takeaways Enphase Energy's adjusted EPS fell 33.3% to 46 cents, matching the consensus estimate.Revenues declined 19.6% to $291.9 million, mainly due to weaker U.S. sales.ENPH expects Q3 revenues of $290-$320 million and battery shipments of 130-150 MWh. Enphase Energy, Inc. (ENPH - Free Report) reported second-quarter 2026 adjusted earnings of 46 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 33.3% from 69 cents in the prior-year quarter.
Including one-time adjustments, the company posted GAAP earnings of 27 cents per share, down from 28 cents recorded in the year-ago quarter.
ENPH’s RevenuesEnphase Energy’s second-quarter revenues of $291.9 million missed the Zacks Consensus Estimate of $295 million by 1%. The top line also decreased 19.6% from the prior-year quarter’s reported figure of $363.2 million.
The year-over-year plunge was mainly due to weaker sales in the United States.
Enphase Energy’s Operational UpdateThe company’s adjusted gross margin decreased 180 basis points year over year to 46.8%.
Adjusted operating expenses rose 2.6% year over year to $79.8 million.
The adjusted operating income totaled $56.7 million, down 42.5% from the year-ago quarter.
Enphase Energy’s Shipments Gain MomentumENPH’s shipments amounted to approximately 1.59 million microinverters and 113.8 megawatt-hours (MWh) of Enphase IQ Batteries.
More than 25,000 installers worldwide were certified to install IQ Batteries at quarter-end, up from more than 24,000 in the preceding quarter.
Financial Details of ENPHEnphase Energy had $529.3 million in cash and cash equivalents as of June 30, 2026 compared with $474.3 million as of Dec. 31, 2025.
The net cash flow from operating activities was $143.2 million during the first six months of 2026 compared with $75 million in the prior-year period.
Q3 2026 Guidance by Enphase EnergyFor the third quarter of 2026, ENPH expects revenues in the range of $290-$320 million. The Zacks Consensus Estimate for third-quarter revenues is pegged at $315.9 million, which is at the higher end of the company’s guided range.
Enphase Energy expects to ship IQ batteries in the range of 130-150 MWh in the third quarter.
Adjusted operating expenses are expected between $76 million and $80 million. This excludes approximately $44 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 anticipated in the range of 44-47%, excluding stock-based compensation expenses and acquisition-related amortization.
ENPH’s Zacks RankEnphase Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Solar ReleasesFirst Solar, Inc. (FSLR - Free Report) is scheduled to report second-quarter 2026 results on July 30, after market close. The Zacks Consensus Estimate for FSLR’s earnings is pegged at $2.74 per share, which suggests a year-over-year decline of 13.8%.
The consensus estimate for sales stands at $1.06 billion, which indicates a fall of 3.3%.
SolarEdge Technologies (SEDG - Free Report) is slated to report second-quarter 2026 results on Aug. 5, before market open. The Zacks Consensus Estimate for SEDG’s earnings is pegged at 4 cents per share, which calls for a year-over-year surge of 104.9%.
The consensus estimate for sales is pegged at $341.7 million, which indicates an improvement of 18%.
Sunrun Inc. (RUN - Free Report) is slated to report second-quarter 2026 results on Aug. 5, after market close. The Zacks Consensus Estimate for RUN’s earnings is pegged at 8 cents per share, which suggests a year-over-year decline of 92.5%.
The consensus estimate for sales is pegged at $722.9 million, which calls for a jump of 27%.
Enphase Energy stock is moving in positive territory. What’s driving ENPH shares up? Enphase Energy Q2 HighlightsEnphase Energy posted second-quarter revenue of $291.85 million, beating the consensus estimate of $289.92 million, according to Benzinga Pro. The company reported adjusted earnings of 47 cents per share for the quarter, beating estimates of 46 cents per share.
Enphase said it shipped approximately 1.59 million IQ microinverters and 113.8 megawatt hours of IQ batteries in the quarter. The company noted that it achieved key technical milestones and deepened customer engagement with potential multi-gigawatt opportunities during the quarter.
“We accelerated development of the IQ Solid-State Transformer (IQ SST) for next-generation AI data centers. We are actively engaged with customers and ecosystem partners,” the company said.
Enphase generated $25.9 million of free cash flow during the quarter and exited the period with $937.7 million of cash, cash equivalents and marketable securities.
Enphase expects third-quarter revenue to be in the range of $290 million to $320 million versus estimates of $304.25 million.
Enphase executives are currently discussing the quarter on an earnings call that started at 4:30 p.m. ET.
ENPH Shares Move Higher After HoursENPH Price Action: Enphase shares were up 1.43% in after-hours, trading at $36.84 at the time of publication on Tuesday, according to Benzinga Pro.
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Enphase Energy (ENPH - Free Report) came out with quarterly earnings of $0.46 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this solar technology company would post earnings of $0.43 per share when it actually produced earnings of $0.47, delivering a surprise of +9.3%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Enphase Energy, which belongs to the Zacks Solar industry, posted revenues of $291.85 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $363.15 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Enphase Energy shares have added about 18.6% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for Enphase Energy?While Enphase Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Enphase Energy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $315.89 million in revenues for the coming quarter and $2.10 on $1.22 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Solar is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Shoals Technologies Group (SHLS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This solar energy equipment supplier is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Shoals Technologies Group's revenues are expected to be $157.95 million, up 42.5% from the year-ago quarter.
Solar Flare: A Perfect Storm for Solar StocksEnphase Energy NASDAQ: ENPH reported second-quarter 2026 revenue of $291.9 million, up 3% sequentially, as growth in Europe offset softer U.S. demand. The company shipped 1.59 million microinverters and 113.8 megawatt-hours of batteries during the quarter and generated $25.9 million in free cash flow.
Revenue included $84.3 million from safe harbor sales, compared with $34.5 million in the first quarter. Enphase defines safe harbor revenue as sales to customers planning to install inventory over more than one year. The company said it ended the quarter with normal battery channel inventory and slightly elevated microinverter inventory.
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Is AI Really Eating Software? A Wall Street Veteran Says No—Here’s WhyOn a GAAP basis, Enphase reported gross margin of 60%, operating income of $51.5 million and diluted earnings per share of $0.27. GAAP gross margin benefited from 15.6 percentage points related to tariff refunds received during the quarter. On a non-GAAP basis, gross margin was 46.8%, operating income was $56.7 million and diluted earnings per share was $0.46.
U.S. market remains pressured, while Europe accelerates U.S. revenue declined 3% from the first quarter. Excluding safe harbor revenue, Enphase said U.S. revenue declined primarily because it intentionally undershipped into the distribution channel. U.S. sell-through fell 7% sequentially, although the company said sell-through was approximately flat after excluding one-time orders in the first quarter that did not recur in the second quarter.
ENPH Stock Soars 50% on Earnings Beat—Is It a Data Center Play?Year over year, U.S. sell-through declined 34%, which Chief Executive Officer Badri Kothandaraman attributed to higher interest rates and market transition after the expiration of the 25D tax credit. He said third-party reports showed signs of stabilization in the residential solar market, including a 4% month-over-month increase in permits in June and a 5% rise in upstream sales activity. However, those measures remained about 30% below year-earlier levels.
Enphase said residential battery attachment nationally remained near 40%, while commercial solar permit activity rose 36% year over year in June. Kothandaraman said future U.S. growth would be influenced by storage economics, commercial demand, financing availability and utility rates.
Europe was a brighter spot. Revenue in the region increased 35% sequentially, and sell-through rose 30%, supported by solar and battery demand across multiple markets. Battery activations in the Netherlands rose about 102% from the first quarter as export penalties and the planned end of net metering in late 2026 increased interest in self-consumption. France battery activations increased about 34%, while Germany saw microinverter and battery activations rise approximately 35% and 27%, respectively.
The company said it is increasing homeowner events, direct marketing and internal sales efforts to pursue battery-retrofit opportunities in the Netherlands and France, where it has a combined installed base of nearly 900,000 Enphase customers.
Third-quarter outlook calls for higher sell-through Enphase forecast third-quarter revenue of $290 million to $320 million, including about $75 million of safe harbor revenue. The midpoint represents approximately 5% growth from the second quarter. Management said it was more than 70% booked toward the midpoint of the forecast.
The company expects global sell-through to rise 10% sequentially in the third quarter while maintaining modest undershipment into the channel, reflecting distributor caution amid interest-rate and macroeconomic uncertainty. Battery shipments are expected to range from 130 megawatt-hours to 150 megawatt-hours.
For the quarter, Enphase expects GAAP gross margin of 42% to 45% and non-GAAP gross margin of 44% to 47%, each including an approximately two-percentage-point impact from reciprocal tariffs. The company said it has reduced battery pricing and may take further targeted actions to improve system economics and demand.
Enphase also said it has executed year-to-date safe harbor agreements totaling about $1.1 billion, including $202 million under the 5% investment tax credit method and $878.6 million under the Physical Work Test method. Management said Physical Work Test revenue has not yet been recognized and is likely to begin in 2028, when related inventory is expected to be deployed.
New products target batteries, commercial systems and data centers Enphase expects to begin initial shipments of its fifth-generation IQ Battery G5 before the end of 2026. The stackable AC-coupled platform uses 5-kilowatt-hour modules and can scale to 30 kilowatt-hours in one stack. Kothandaraman said the product is designed to provide 50% higher energy density than the prior generation at about 40% lower cost per kilowatt-hour.
The company also plans to begin shipping its IQ Vault 80 commercial battery in the first quarter of 2027. The 80-kilowatt-hour, three-phase battery system is designed for 208-volt and 480-volt commercial applications and can scale to 2 megawatt-hours using up to 25 cabinets.
Enphase launched its GaN-based IQ9N residential microinverter in June in the U.S. and selected European markets, and began shipping the IQ9S-3P commercial microinverter for 480-volt systems. Kothandaraman said the company expects about $10 million of U.S. small-commercial revenue in the third quarter.
Meanwhile, Enphase said its IQ Solid-State Transformer, or IQ SST, remains on track for a fully working system later this year, customer pilots in 2027 and commercial shipments in 2028. The system is being designed for AI data centers, converting medium-voltage alternating current directly to 800-volt direct current. Management said customer discussions have advanced to request-for-information and request-for-proposal stages representing potential demand totaling multiple gigawatts.
Chief Products Officer Raghu Belur said Enphase’s proposed SST architecture is intended to offer modularity, sub-millisecond response times, reliability and a U.S.-manufactured, FEOC-compliant supply chain. The company said it is also evaluating applications for the platform in utility-scale solar, storage and high-power DC fast charging.
Enphase ended the quarter with $937.7 million in cash, cash equivalents and marketable securities, up from $930.6 million at the end of the first quarter.
About Enphase Energy (NASDAQ:ENPH)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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Live Updates Pinned 1 hour ago
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This live blog is being updated by Thomas Richmond, a 24/7 Wall St. contributor. You’ll get expert analysis of Enphase’s earnings.
Simply stay on this page, and new updates will appear below automatically. We expect Enphase to release earnings shortly after 4:05 p.m. ET.
8 minutes ago
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Enphase Energy (NASDAQ:ENPH) reported a 60.0% GAAP gross margin in Q2, but that headline figure received a major boost from tariff refunds.
The company recognized $45.4 million of tariff refunds in gross profit, adding 15.6 percentage points to GAAP gross margin. Excluding one-time items, non-GAAP gross margin reached 46.8%, up from 43.9% in Q1 but below 48.6% one year ago.
The underlying improvement is still encouraging. Reciprocal tariffs reduced Q2 gross margin by approximately two percentage points, less than half the 4.3-point impact recorded in Q1.
12 minutes ago
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Enphase is moving its IQ Solid-State Transformer beyond the conceptual stage, with several AI data-center opportunities progressing to formal RFI and RFP processes.
Management said the potential pipeline represents multiple gigawatts of demand. Enphase also completed a 15-module series stack operating at 4.16 kilovolts and remains on track to demonstrate a full IQ SST system later this year.
The project could expand Enphase beyond residential solar into the much larger AI infrastructure market. The next major validation point will be converting technical engagement with customers into commercial orders.
44 minutes ago
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Enphase Energy just reported earnings, with shares initially up 4% following the report. Here are the key numbers:
Revenue: $291.9 million vs. $289.9 million expected Adjusted EPS: $0.46 vs. $0.46 expected GAAP Gross Margin: 60.0% Free Cash Flow: $25.9 million Q3 Guidance:
Revenue: $290 million to $320 million vs. $304.3 million expected Quick Read:
Enphase delivered a modest revenue beat and matched EPS expectations, while its Q3 revenue midpoint landed slightly above consensus.
Safe-harbor revenue more than doubled sequentially to $84.3 million, helping offset continued uncertainty surrounding the residential solar recovery.
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Why Q3 Guidance Will Overshadow the Q2 Earnings Report Tonight’s headline numbers matter less than what management says about Q3. Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) already flagged that Q1 and Q2 sell-through was tracking 10% to 15% below prior expectations, so investors want a Q3 revenue floor after the Section 25D expiration.
Bullish Scenario: Q3 revenue guide above $300 million, safe harbor sustained near the $40-$50 million CEO estimate, batteries above 150 MWh, and European battery activations building on ~75% Netherlands growth.
Bearish Scenario: Guide below $270 million, gross margin under 42%, or cautious commentary on U.S. channel inventory. With shares at $36.33 and a P/E of 36, tone on Propel scaling toward 500 originations weekly is the swing factor.
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Enphase Energy (NASDAQ:ENPH) heads into tonight’s Q2 report with split analyst sentiment. The consensus 12-month price target sits at $48.93, with 3 strong buy, 8 buy, 17 hold, 1 sell, and 2 strong sell ratings. Shares last traded near $36.47, well below the 52-week high of $73.74 and above the low of $25.78.
Recent target activity is mixed. Citigroup lifted its target to $43 from $31 on July 23. Argus trimmed to $38 on July 24. GLJ Research raised to $24.47 from $21.70 while keeping a Sell, citing margin pressure. With shares down 20.11% over the past month, options skew stays cautious.
Firm Analyst Rating Price Target Date GLJ Research Gordon Johnson Sell $24.47 Jul 28, 2026 Argus Research Team Hold $38.00 Jul 24, 2026 Citigroup Vikram Bagri Buy $43.00 Jul 23, 2026 1 hour ago
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With shares trading today at $36.45, here are some questions analysts are likely to have to Enphase Energy on tonight’s call:
Top 5 Analyst Questions How is post-Section 25D U.S. sell-through trending after the pull-forward? Will Q3 guidance beat Zacks’ $290.91M revenue consensus? Are reciprocal tariffs still a ~3 percentage point margin drag? What is the Propel prepaid-lease origination run rate? Timeline for IQ SST monetization in AI data-center power? Key Topics to Address European recovery beyond Q4’s -29% QoQ print Safe harbor pipeline execution IQ9 and Kestrel ASIC roadmap Buzzwords to Listen For “Sell-through,” “channel inventory,” “45X,” “domestic content,” “GaN-based,” “VPP attach rates.” Red Flags Q3 revenue guide below $290.91M Gross margin compression beyond tariff impact Rising channel inventory or European softness Silence on Propel traction 1 hour ago
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With Enphase Energy (NASDAQ:ENPH) hours from its Q2 earnings report, here is the balanced setup beyond the guidance and price targets already covered.
Bull Case Momentum is real: three consecutive beats through Q1 2026, including a $0.47 vs. $0.45 result, against a low $0.16 EPS estimate tonight. U.S. sell-through jumped 21% QoQ in Q4 2025, potentially pulling into Q2. Composite sentiment reads 63.7, bullish, with insiders net buying. Bear Case Shares are down 20.11% over the past month, signaling positioning risk. Beats rarely stick: the average one-week reaction after a beat is -3.9%. European revenue fell 29% QoQ in Q4 2025, and tariffs remain a ~5-point margin drag. Analyst consensus skews cautious at 11 buys, 17 holds, 3 sells. 2 hours ago
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Enphase Energy reports Q2 earnings after today’s close with guidance calling for $280 million to $310 million in revenue, including approximately $85 million of safe-harbor sales.
The anticipated tariff drag narrows to roughly three percentage points from 4.3 points in Q1, providing a modest tailwind. More important will be signs that Propel prepaid-lease originations are stabilizing U.S. demand, European “green shoots” are strengthening, and the new IQ SST product can establish Enphase in AI data-center power.
Enphase is attempting to evolve beyond subsidy-dependent residential solar into a broader energy-electronics platform spanning batteries, EV charging, and data centers and currently trades at a share price of $36.35. A clean beat with stronger Propel disclosure could support Citigroup’s $43 price target, while a weak Q3 outlook would strengthen GLJ Research’s bear case and $24.47 target.
Enphase Energy (NASDAQ:ENPH) reports Q2 2026 results tonight, July 28, at 4:05 PM ET. Shares trade near $36.60, down 20.11% in a month, setting the stage for a tense earnings report for the residential solar company.
Tariff Relief Meets Demand Reset Q1 2026 revenue landed at $282.9 million with non-GAAP EPS of $0.47, as U.S. residential revenue fell 23% sequentially after the Section 25D pull-forward exhausted itself. Non-GAAP gross margin compressed to 43.9%, weighed by a 6.7-point PTC monetization hit and 4.3 points of reciprocal tariffs.
Management cut both U.S. battery list prices 12% to 14% and European battery prices about 10% to defend market share. Europe already responded: April battery activations jumped about 75% in the Netherlands and about 27% in Germany versus the Q1 monthly pace.
Consensus Estimates Metric Q2 2026 Estimate YoY Change Guidance Midpoint Revenue $290.91M vs. $363.15M prior year $295M EPS (Non-GAAP) $0.46 vs. $0.69 prior year n/a Non-GAAP Gross Margin 44%-47% vs. 48.6% 45.5% Revenue lands roughly 20% below the prior-year comp, a reset the sell-side has already digested. The margin band actually widens quarter-over-quarter thanks to lower tariff rates, but PTC accounting and safe harbor mix keep the reported number lumpy.
What I’m Watching: Propel, SST, and European Follow-Through Tonight I’ll be watching four specific items when CEO Badri Kothandaraman takes the call. First, Propel origination velocity. Management wants to move from 200 net originations per week to 500 by the end of Q4, with an 84% battery attach rate already validating unit economics.
Second, the IQ Solid-State Transformer commentary. Enphase now sizes the AI data-center power opportunity at 11 gigawatts by 2031, with customer pilots in 2027 and volume in 2028. Any named partner or funded engagement would rerate the growth narrative.
Third, European battery run-rate. April was strong, but Q2 needs to convert those activations into revenue that offsets ongoing U.S. TPO financing challenges, which Kothandaraman flagged as the primary headwind alongside weather.
Fourth, channel inventory. Enphase said it would under-ship by about $25 million in Q2 to normalize U.S. stock. Investors will focus on whether that correction stays contained or bleeds into Q3.
Earnings History Quarter EPS Surprise 1-Day Move 1-Week Move 30-Day Move Q4 2025 +21.43% -8.52% -6.66% -20.92% Q3 2025 +37.22% -3.24% +3.4% -8.22% Q2 2025 +9.00% -2.65% -8.44% +4.66% Q1 2025 -5.96% +1.51% -1.07% -12.05% On average, shares moved -3.19% in the week after earnings over the past year.
FREMONT, Calif., July 28, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, announced today financial results for the second quarter of 2026, which included the summary below from its President and CEO, Badri Kothandaraman.
We reported quarterly revenue of $291.9 million in the second quarter of 2026 and shipped approximately 1.59 million IQ® Microinverters, or 725.2 megawatts DC, and 113.8 megawatt hours (MWh) of IQ® Batteries.
Highlights for the second quarter of 2026 are listed below:
Strong progress on development of IQ® SST; achieved key technical milestones and deepened customer engagement with potential multi-gigawatt opportunitiesRevenue of $291.9 millionGAAP gross margin of 60.0%; non-GAAP gross margin of 46.8%GAAP operating income of $51.5 million; non-GAAP operating income of $56.7 millionGAAP net income of $36.1 million; non-GAAP net income of $61.5 millionGAAP diluted earnings per share of $0.27; non-GAAP diluted earnings per share of $0.46Free cash flow of $25.9 million; ending cash, cash equivalents and marketable securities of $937.7 millionShipped 1.58 million microinverters and battery inverters from Texas and South Carolina facilitiesExecuted agreements year-to-date with third-party owners totaling approximately $1.08 billion: $202.4 million under the 5% ITC Safe Harbor and $878.6 million under the Physical Work Test Our revenue and earnings for the second quarter of 2026 are provided below, compared with the prior quarter:
(In thousands, except per share and percentage data)
GAAP Non-GAAP Q2 2026 Q1 2026 Q2 2025 Q2 2026 Q1 2026 Q2 2025Revenue$291,854 $282,900 $363,153 $291,854 $282,900 $363,153 Gross margin 60.0% 35.5% 46.9% 46.8% 43.9% 48.6%Operating expenses$123,495 $130,036 $133,486 $79,820 $76,954 $77,781 Operating income (loss)$51,519 $(29,643) $37,007 $56,697 $47,270 $98,613 Net income (loss)$36,079 $(7,406) $37,052 $61,515 $62,256 $89,869 Basic EPS$0.27 $(0.06) $0.28 $0.47 $0.47 $0.69 Diluted EPS$0.27 $(0.06) $0.28 $0.46 $0.47 $0.69
Total revenue for the second quarter of 2026 was $291.9 million, compared to $282.9 million in the first quarter of 2026. Second-quarter revenue included $84.3 million of safe harbor revenue, compared to $34.5 million in the first quarter. Revenue in the United States decreased approximately 3%, while revenue in Europe increased approximately 35%.
Non-GAAP gross margin was 46.8% in the second quarter, up from 43.9% in the first quarter. Reciprocal tariffs reduced gross margin by approximately 2.0 percentage points, down from approximately 4.3 percentage points in the first quarter.
Non-GAAP operating expenses were $79.8 million in the second quarter, compared to $77.0 million in the first quarter, primarily due to increased investment in R&D. Non-GAAP operating income increased to $56.7 million, compared to $47.3 million in the first quarter.
We exited the second quarter of 2026 with $937.7 million in cash, cash equivalents and marketable securities, and generated $40.3 million in cash flow from operations. Capital expenditures were $14.4 million, compared to $19.9 million in the first quarter.
During the second quarter, we received approximately $41.0 million in refunds from U.S. Customs and Border Protection (CBP), followed by an additional $11.0 million after quarter end. The full $52.0 million impacted second-quarter GAAP results. Of this amount, $45.4 million was recognized as an increase to GAAP gross profit, improving GAAP gross margin by 15.6 percentage points; $1.6 million was recognized as GAAP interest income; and $5.0 million was capitalized as inventory as of June 30, 2026.
We shipped 113.8 MWh of IQ Batteries in the second quarter, compared to 103.1 MWh in the first quarter. More than 25,000 installers worldwide are now certified to install IQ Batteries, up from more than 24,000 in the first quarter.
During the second quarter, we accelerated development of the IQ® Solid-State Transformer (IQ SST) for next-generation AI data centers. We are actively engaged with customers and ecosystem partners, with a few opportunities advancing to the RFI and RFP stages and representing a potential multi-gigawatt pipeline. We achieved important milestones across the IQ SST power module, medium-voltage transformer, and system-control architecture, including a 15-module series stack operating at 4.16 kV AC with droop control, and remain on track for a full-system demonstration later this year.
We expanded our commercial portfolio during the second quarter. In the United States, we began shipping our IQ9S-3P™ Commercial Microinverter, a GaN-based 548 W microinverter designed for 480 V three-phase systems. Together with the IQ9N-3P™ Commercial Microinverter, the IQ9S-3P broadens our offering for the U.S. commercial solar market.
We also launched our IQ9N™ Residential Microinverter in the United States and key European markets in June 2026, followed by Australia and New Zealand in July. Built with advanced GaN technology, the IQ9N is designed to pair with today’s high-power residential solar modules and help maximize energy harvest and system performance.
At Intersolar Europe in June 2026, we showcased our upcoming IQ® Battery G5. This AC-coupled battery is designed to provide higher energy density and flexible capacity through stackable 5 kWh modules that can scale up to 30 kWh. It uses 100 Ah prismatic cells and is expected to deliver approximately 50% higher energy density than the fourth-generation IQ® Battery 10C, while reducing cost by approximately 40%.
We also showcased our IQ® Bidirectional EV Charger at Intersolar Europe. Built on our GaN power platform and designed to support modern 800 V DC electric vehicle architectures, the charger is engineered to move power efficiently and bidirectionally between the grid-facing AC system and the vehicle. We are collaborating with several leading global automotive manufacturers to support the adoption of this product.
BUSINESS HIGHLIGHTS
On July 27, 2026, Enphase Energy announced the publication of a new technical white paper titled "The Enphase Kestrel ASIC: A Purpose-Built Platform for Intelligent Power Conversion."On July 21, 2026, Enphase Energy announced that homeowners across Europe with existing second-generation Enphase IQ Batteries can now enjoy home backup when they add an IQ® System Controller and expand their energy storage while keeping the batteries they already own.On July 16, 2026, Enphase Energy highlighted the safety and reliability of its IQ® EV Charger 2 across Europe’s diverse climates.On July 13, June 23, and June 11, 2026, Enphase Energy announced the launch of the new IQ9N Microinverter for residential solar systems in Australia and New Zealand, the United States, and key European markets, respectively.On July 9, 2026, Enphase Energy announced that it 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.On July 8, 2026, Enphase Energy announced it opened pre-orders for a smart thermostat with live solar, battery, and home power display.On June 30, 2026, Enphase Energy announced that it has joined the Open Compute Project Foundation as a Platinum member to help advance open standards for next-generation AI data center power infrastructure.On June 18, 2026, Enphase Energy announced that it began production shipments of its IQ9S-3P Commercial Microinverter, the company's most powerful microinverter currently available across the United States.On June 17, 2026, Enphase Energy announced plans to showcase the IQ Battery G5, IQ9N Microinverter, IQ Bidirectional EV Charger, and IQ® Energy Management platform at Intersolar Europe in Munich, Germany.On May 21, 2026, Enphase Energy announced it published a technical white paper on its adoption of gallium nitride (GaN) bi-directional switch technology for next-generation distributed power electronics for AI data centers.On May 18, 2026, Enphase Energy announced the launch of its PowerMatch™ battery software technology across North America and selected countries in Central America and the Caribbean.On May 7, 2026, Enphase Energy announced a new safe harbor agreement with a U.S. solar and battery financing company offering leases and PPAs to homeowners and businesses.On May 4, 2026, Enphase Energy announced it published a technical white paper titled “IQ Solid-State Transformer: Intelligent Power for AI.” THIRD QUARTER 2026 FINANCIAL OUTLOOK
For the third quarter of 2026, Enphase Energy estimates both GAAP and non-GAAP financial results as follows:
Revenue to be within a range of $290.0 million to $320.0 million, which includes shipments of 130 to 150 MWh of IQ Batteries. This outlook includes approximately $75.0 million of safe harbor shipments.GAAP gross margin to be within a range of 42.0% to 45.0%, including approximately 2 percentage points of reciprocal tariff impact.Non-GAAP gross margin to be within a range of 44.0% to 47.0%, including approximately 2 percentage points of reciprocal tariff impact. Non-GAAP gross margin excludes stock-based compensation expense and acquisition related amortization.GAAP operating expenses to be within a range of $120.0 million to $124.0 million.Non-GAAP operating expenses to be within a range of $76.0 million to $80.0 million, excluding $44.0 million estimated for stock-based compensation expense, acquisition related amortization, and restructuring and asset impairment charges. Follow Enphase Online
Read the Enphase blog.Follow @Enphase on X.Visit us on Facebook and LinkedIn.Watch Enphase videos on YouTube. Use of non-GAAP Financial Measures
Enphase Energy has presented certain non-GAAP financial measures in this press release. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States (GAAP). Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure can be found in the accompanying tables to this press release. Non-GAAP financial measures presented by Enphase Energy include non-GAAP gross profit, gross margin, operating expenses, income from operations, net income, net income per share (basic and diluted), and free cash flow.
These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Enphase Energy’s results of operations as determined in accordance with GAAP. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Enphase Energy uses these non-GAAP financial measures to analyze its operating performance and future prospects, develop internal budgets and financial goals, and to facilitate period-to-period comparisons. Enphase Energy believes that these non-GAAP financial measures reflect an additional way of viewing aspects of its operations that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.
As presented in the “Reconciliation of Non-GAAP Financial Measures” tables below, each of the non-GAAP financial measures excludes one or more of the following items for purposes of calculating non-GAAP financial measures to facilitate an evaluation of Enphase Energy’s current operating performance and a comparison to its past operating performance:
Tariff refunds. This item represents refunds received for tariffs previously imposed under the International Emergency Economic Powers Act, which were invalidated following the United States Supreme Court ruling in Learning Resources, Inc. v. Trump. The Company received refunds and associated interest of approximately $41.0 million and $11.0 million in the three months ended June 30, 2026 and in July 2026, respectively, from CBP related to tariffs paid during fiscal 2025 and the first quarter of fiscal 2026, of which $45.4 million was recognized as a reduction to cost of revenues during the three and six months ended June 30, 2026, $1.6 million was recognized as interest income in the three and six months ended June 30, 2026, and $5.0 million was capitalized as a cost of inventory as of June 30, 2026. Of the $45.4 million refunds recognized as a reduction to cost of revenues, $43.4 million of the tariff costs incurred were previously recorded as a cost of revenues in prior periods and are excluded from non‑GAAP measures, along with the associated $1.6 million interest earned from those payments, as they are related to prior periods and not reflective of the Company’s ongoing financial performance.
AMPTC adjustment. In the first quarter of 2026, the Company decided to sell its Advanced Manufacturing Production Tax Credit (AMPTC) generated in 2025 and going forward in the tax credit transfer market. The Company sold $235.0 million of AMPTC generated in 2025 at 93% of face value, resulting in a discount of approximately $16.5 million. The Company also incurred approximately $2.5 million in transaction-related fees. Because these amounts relate to AMPTC generated in the prior fiscal year and do not reflect the Company’s ongoing operating performance, the Company excluded them from its non-GAAP financial measures for the first quarter of 2026.
Stock-based compensation expense. Enphase Energy excludes stock-based compensation expense from its non-GAAP measures primarily because they are non-cash in nature. Moreover, the impact of this expense is significantly affected by Enphase Energy’s stock price at the time of an award over which management has limited to no control.
Acquisition related expenses and amortization. This item represents costs incurred in connection with acquisition-related activities, which are not indicative of normal, recurring operating expenses, and amortization of acquired intangible assets, which is a non-cash expense. Acquisition related expenses and amortization of acquired intangible assets are not reflective of Enphase Energy’s ongoing financial performance.
Restructuring and asset impairment charges. Enphase Energy excludes restructuring and asset impairment charges due to the nature of the expenses being unusual and arising outside the ordinary course of continuing operations. These costs primarily consist of fees paid for cash-based severance costs, accelerated stock-based compensation expense and asset write-downs of property and equipment and acquired intangible assets, and other contract termination costs resulting from restructuring initiatives.
Non-cash interest expense. This item consists primarily of amortization of debt issuance costs and accretion of debt discount because these expenses do not represent a cash outflow for Enphase Energy except in the period the financing was secured and such amortization expense is not reflective of Enphase Energy’s ongoing financial performance.
Non-GAAP income tax adjustment. This item represents the amount adjusted to Enphase Energy’s GAAP tax provision or benefit to exclude the income tax effects of GAAP adjustments such as stock-based compensation, amortization of purchased intangibles, and other non-recurring items that are not reflective of Enphase Energy ongoing financial performance.
Non-GAAP net income per share, diluted. Enphase Energy excludes the dilutive effect of in-the-money portion of convertible senior notes as they are covered by convertible note hedge transactions that reduce potential dilution to our common stock upon conversion of the Notes due 2028, and includes the dilutive effect of employee’s stock-based awards and the dilutive effect of warrants. Enphase Energy believes these adjustments provide useful supplemental information to the ongoing financial performance.
Free cash flow. This item represents net cash flows from operating activities less purchases of property and equipment.
Conference Call Information
Enphase Energy will host a conference call for analysts and investors to discuss its second quarter 2026 results and third quarter 2026 business outlook today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). The call is open to the public by dialing (833) 634-5018. A live webcast of the conference call will also be accessible from the “Investor Relations” section of Enphase Energy’s website at https://investor.enphase.com. Following the webcast, an archived version will be available on the website for approximately one year. In addition, an audio replay of the conference call will be available by calling (855) 669-9658; replay access code 8131398, beginning approximately one hour after the call.
Forward-Looking Statements
This press release contains forward-looking statements, including statements related to Enphase Energy’s expectations as to its third quarter of 2026 financial performance and outlook, including revenue, shipments of IQ Batteries by MWh, gross margin, and operating expenses; anticipated demand for Enphase Energy’s microinverter, battery, energy management, and commercial products; expectations regarding the commercial microinverter market opportunity in the United States, including the IQ9S-3P Commercial Microinverter; the expected availability of the IQ Battery G5 and IQ Bidirectional EV Charger in Europe; expectations regarding the expansion of the IQ Energy Management platform to additional markets; expectations regarding the expected impact of tax credit expirations, tariff structures, and incentive programs; expectations regarding safe harbor agreements and the timing and variability of related revenue recognition; the capabilities, advantages, features, and performance of Enphase Energy’s technology and products, including GaN-based microinverters and PowerMatch battery software; and Enphase Energy’s expectations regarding the timing and development of its IQ SST product for data centers. 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, fluctuations in market demand; changes in installer and customer purchasing behavior; changes in tax credits, tariffs, incentive programs, and regulatory policies, including the expiration of existing tariffs and potential imposition of replacement tariffs; energy pricing volatility; supply chain and manufacturing constraints; safe harbor agreement execution and the timing of related revenue recognition and cash flows; product performance and reliability; successful expansion into commercial solar and international markets; 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 documents on file with the SEC from time to time and available on the SEC’s website at www.sec.gov. 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.
A copy of this press release can be found on the investor relations page of Enphase Energy’s website at https://investor.enphase.com.
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 89.4 million microinverters, with approximately 5.3 million Enphase-based systems deployed in over 165 countries. For more information, visit https://enphase.com/.
California Public Employees Retirement System reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 26.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,845 shares of the semiconductor company’s stock after selling 60,048 shares during the period. California Public Employees Retirement System owned approximately 0.12% of Enphase Energy worth $6,195,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. PFG Investments LLC grew its holdings in Enphase Energy by 2.2% during the 4th quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock valued at $391,000 after buying an additional 260 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in Enphase Energy by 5.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 6,132 shares of the semiconductor company’s stock worth $217,000 after acquiring an additional 319 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in Enphase Energy by 77.8% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 350 shares in the last quarter. GAMMA Investing LLC lifted its stake in Enphase Energy by 19.2% in the 4th quarter. GAMMA Investing LLC now owns 2,431 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 392 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in Enphase Energy by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 26,375 shares of the semiconductor company’s stock valued at $845,000 after purchasing an additional 404 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In A number of research analysts have recently commented on ENPH shares. UBS Group set a $85.00 price target on shares of Enphase Energy in a research report on Friday, May 22nd. The Goldman Sachs Group lifted their price objective on Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Morgan Stanley set a $27.00 target price on Enphase Energy in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft raised their price target on Enphase Energy from $39.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Glj Research reissued a “sell” rating and set a $21.70 price objective on shares of Enphase Energy in a report on Thursday, June 11th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.90.
Check Out Our Latest Report on ENPH
Insider Activity at Enphase Energy In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $67.50 per share, with a total value of $337,500.00. Following the completion of the purchase, the chief executive officer owned 1,645,632 shares in the company, valued at $111,080,160. This trade represents a 0.30% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shanker Trivedi bought 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at approximately $53,910. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.90% of the stock is currently owned by company insiders.
Enphase Energy Price Performance ENPH stock opened at $36.70 on Monday. The firm has a market cap of $4.84 billion, a P/E ratio of 36.34 and a beta of 1.62. The firm’s fifty day moving average is $51.45 and its 200 day moving average is $43.77. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $73.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $282.90 million during the quarter, compared to the consensus estimate of $282.27 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. Research analysts predict that Enphase Energy, Inc. will post 0.82 earnings per share 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 27, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, today announced the publication of a new technical white paper, "The Enphase Kestrel ASIC: A Purpose-Built Platform for Intelligent Power Conversion." The white paper is available here.
Kestrel is Enphase's internally developed application-specific integrated circuit (ASIC) for intelligent power conversion and the company's fifth generation of custom silicon. The paper describes how the chip extends Enphase's custom silicon investment across microinverters, next-generation IQ® Battery systems, the IQ® Bidirectional EV Charger, and the Enphase IQ® Solid-State Transformer (IQ SST).
Fabricated using a mature 22 nm complementary metal-oxide-semiconductor process, Kestrel brings Enphase's power conversion control, sensing, communications, protection, security, and safety functions into one silicon platform. The chip integrates deterministic high-speed control hardware, four 100 Msps analog-to-digital converters (ADCs), custom power line communication and low voltage differential signaling (LVDS) controllers, hardware-enforced isolation, cryptography, secure boot, and functional safety features. By moving these capabilities into silicon, Kestrel is designed to reduce system complexity while preserving the speed, cost structure, and field reliability required for grid-connected power electronics.
"Kestrel is an important milestone because it turns Enphase’s custom silicon into a reusable platform for multiple product families," said Raghu Belur, co-founder and chief product officer of Enphase Energy. "The white paper shows how one ASIC can help us carry proven power conversion intelligence across microinverters, batteries, bidirectional EV charging, and solid-state transformer modules while supporting the reliability, security, and cost structure required for products deployed at grid scale."
The paper highlights Kestrel's role in enabling high-frequency operation with gallium nitride (GaN) bi-directional switch technology. Enphase's single-stage, dual-active-bridge, series-resonant cycloconverter topology requires cycle-by-cycle knowledge of resonant tank current and voltage, with gate transitions timed at hundreds of kilohertz and nanosecond-scale precision. Kestrel moves this control loop out of firmware and into deterministic custom hardware connected to the ADC outputs and gate-drive command infrastructure, supporting closed-loop control bandwidth exceeding 100 kHz while maintaining soft switching and low switching losses.
For the IQ SST power module, Kestrel supports a tandem control architecture across a medium-voltage isolation boundary. Two Kestrel ASICs – a controller on the low-voltage side and a device on the medium-voltage side – exchange time-critical measurements, FET control information, shutdown requests, and remote chip access over fiber-optic links driven by Kestrel's custom LVDS controller. This approach eliminates an external processor or flash device on the medium-voltage board.
The paper connects this architecture to a key AI data center challenge: GPU rack loads that can swing from low to high utilization multiple times per second. Kestrel's hardware power controller and tandem SST architecture are designed to support sub-millisecond transient response, native three-phase operation, and high-frequency soft-switching conversion between medium-voltage AC distribution and low-voltage DC buses. By responding in less than 1 ms, the IQ SST architecture is intended to eliminate local super-capacitor or battery energy buffering near compute racks.
"Kestrel was designed because the control problem cannot be solved well enough with a commodity microcontroller," said Hans van Antwerpen, chief technology officer of Enphase Energy. "The ASIC integrates the high-speed ADCs, deterministic power-control hardware, protection units, security engines, and tandem fiber-link functions needed to control GaN-based resonant converters safely, securely, and at very high frequency. That is what allows the same silicon foundation to support microinverters and also scale into solid-state transformer applications for dynamic data center loads."
The white paper also covers Kestrel's security and functional safety architecture, including processor islands, cryptography accelerators, identity-based access control, ROM-rooted secure boot, hardware AES and SHA acceleration, true random number generation, certificate-based public key infrastructure support, lifecycle management, single-bit error correction, double-bit error detection protection, DMA memory scrubbing, watchdog timers, and centralized fault handling.
To read the white paper, please visit 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, features, performance, efficiency, reliability, security, safety, cost advantages, architecture, functionality, and benefits of the Kestrel custom ASIC platform in Enphase products; the expected use of Kestrel in various Enphase products. 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, security, safety, voltage, and cost metrics at scale; 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.
First Trust Advisors LP boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 42.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,834,416 shares of the semiconductor company’s stock after purchasing an additional 546,460 shares during the quarter. First Trust Advisors LP owned about 1.39% of Enphase Energy worth $69,359,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ENPH. Vanguard Group Inc. raised its holdings in shares of Enphase Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock valued at $523,365,000 after purchasing an additional 246,876 shares during the period. Norges Bank acquired a new stake in shares of Enphase Energy in the 4th quarter valued at about $118,190,000. Invesco Ltd. grew its stake in shares of Enphase Energy by 36.2% in the 4th quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock valued at $101,244,000 after buying an additional 839,468 shares during the period. Geode Capital Management LLC increased its position in Enphase Energy by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,510,509 shares of the semiconductor company’s stock valued at $80,478,000 after buying an additional 11,220 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Enphase Energy by 56.8% in the 4th quarter. Schroder Investment Management Group now owns 1,606,093 shares of the semiconductor company’s stock valued at $51,475,000 after buying an additional 581,687 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets In other news, Director Shanker Trivedi bought 1,000 shares of Enphase Energy stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at $53,910. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Mora sold 700 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $64.20, for a total transaction of $44,940.00. Following the completion of the sale, the director owned 13,922 shares of the company’s stock, valued at approximately $893,792.40. This represents a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.90% of the company’s stock.
Enphase Energy Stock Down 5.6% ENPH stock opened at $36.70 on Friday. Enphase Energy, Inc. has a twelve month low of $25.77 and a twelve month high of $73.74. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $51.45 and its 200-day moving average is $43.70. The firm has a market capitalization of $4.84 billion, a PE ratio of 36.34 and a beta of 1.62.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $282.90 million during the quarter, compared to the consensus estimate of $282.27 million. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.Enphase Energy’s revenue 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 fiscal year.
Wall Street Analysts Forecast Growth Several research analysts have issued reports on ENPH shares. Susquehanna increased their price target on Enphase Energy from $32.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Wells Fargo & Company decreased their price objective on Enphase Energy from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Morgan Stanley set a $27.00 target price on Enphase Energy in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group increased their target price on Enphase Energy from $41.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.90.
Get Our Latest Analysis on ENPH
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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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.
