Enphase Energy stock
ENPHNASDAQEnphase Energy, Inc., EnergyISIN US29355A1079
45Score 45 out of 100, Weak
Price and trend
38 / 100
Price history
−13% in one yearThe chart shows daily closes over 15 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 34% below it.
Since September 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 38).
The price is 63% below its 52-week high. Largest decline in 15 years: 96% (September 2014 to May 2017).
Chart figures for advanced users
- SMA 50$32.10
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$40.52
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)38
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$24.99
- The lowest closing price of the last twelve months.
- Resistance$72.33
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Enphase Energy, Inc. belongs to the Solar industry (United States) and, with a market value of $3.54B, is number 5 of 12 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.47B (up 10.7% year on year) and earnings of $172.13M (up 67.7%).
- For fiscal 2026, analysts expect on average revenue of $1.12B (down 24%) and adjusted earnings per share of $1.70 (down 43%).
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- MEQIRI Score 45 out of 100 (Weak): rank 219 of 266 in Energy, median 60.
- The P/E is 39.9 (Solar median 25.3, own median of recent years 90.1).
- Our model puts fair value at $30.95, with the price 13% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 149% of earnings over the last 12 months.Fundamentals 65
- More cash than debtCash $931.85M, financial debt $573.16M.Stability 73
- High return on capitalReturn on invested capital 20.4% in fiscal 2025, Solar median 4%.Profitability 50
Weaknesses
- Volatile share priceVolatility 83% a year over the last 12 months.
- Margin fallingOperating margin 11.2%, average of the prior years 19.2% (to 2024).Profitability 50
Its standout strength is stability, while capital allocation and momentum hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- price far below its 52-week high
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $20.64 and expensive above $61.91 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $44.94 (cash-flow model) and $16.97 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $26.99, at 7.8% it would be $36.92.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (25.3).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 19.9% on the twelve months before. Revenue has grown strongly since 2008, at around 49% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 47%, operating 11%, net 12%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 2 Feb 2027in 81 days
- Last reported
- 27 Oct 2026EPS reported $0.41 (expected $0.51)below expectations
Analyst estimates
Analysts have cut their 2027 earnings estimate by 32.7% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $1.70−14.4%
- Revenue
- $1.12B−5.2%
- Earnings per share
- $1.39−32.7%
- Revenue
- $1.02B−14.4%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook lowered
Share price after the results: −17.7%Enphase lowered expectations for Q4: revenue guided to only $225 to $255 million, global sell-through expected to decline about 10% sequentially, with deliberate underscheduling of about $20 million below sell-through to cut channel inventory, plus a seasonally weak Q1 2027 expected.
“We do expect the global sell-through to decline approximately 10% sequentially in Q4, which is approximately $20 million. With Q1 '27 expected to be seasonally slow, we anticipate distributors will remain cautious about building inventory heading into the new year.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 27 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
2 insiders bought on the open market in the last 6 months, $689,496 in total. 2 insiders sold, $8.94M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Rodgers Thurman JSale
9 Nov 2026, Board
- Shares
- 300,000
- Price
- $29.11
- Value
- $8.73M
- Trivedi ShankerPurchase
3 Nov 2026, Board
- Shares
- 1,000
- Price
- $30.59
- Value
- $30,590
- Kothandaraman BadrinarayananPurchase
2 Nov 2026, President & CEO
- Shares
- 10,000
- Price
- $26.75
- Value
- $267,514
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- Mora RichardSale
14 Aug 2026, Board
- Shares
- 1,500
- Price
- $40.36
- Value
- $60,547
- Mora RichardSale
30 Jul 2026, Board
- Shares
- 2,000
- Price
- $36.76
- Value
- $73,520
- Trivedi ShankerPurchase
12 Jun 2026, Board
- Shares
- 1,000
- Price
- $53.91
- Value
- $53,910
- Mora RichardSale
1 Jun 2026, Board
- Shares
- 700
- Price
- $64.20
- Value
- $44,940
- Kothandaraman BadrinarayananPurchase
26 May 2026, President & CEO
- Shares
- 5,000
- Price
- $67.50
- Value
- $337,482
- Mora RichardSale
19 May 2026, Board
- Shares
- 700
- Price
- $46.39
- Value
- $32,473
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Enphase Energy
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 45
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Solar
The next larger and next smaller companies by market value
- First SolarFSLR $18.52B61
- NextpowerNXT $14.27B69
- Waaree EnergiesWAAREEENER.NS $7.86B67
- Tongwei600438.SS $7.73B28
- SunrunRUN $2.06B43
- SMA Solar TechnologyS92.DE $1.9B37
- SolarEdge TechnologiesSEDG $1.5B25
- Shoals Technologies GroupSHLS $1.36B51
ETFs that hold Enphase Energy
Held by 15 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Invesco Solar Energy UCITS ETFS0LR | 6.14% | 0.69% | €140.79M |
| iShares Global Clean Energy Transition UCITS ETFIQQH | 2.69% | 0.65% | €2.52B |
| L&G Clean Energy UCITS ETFRENW | 1.42% | 0.49% | €622.91M |
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| Invesco Global Clean Energy UCITS ETF AccumUSDG1CE | 0.74% | 0.60% | €88.94M |
| Amundi MSCI New Energy UCITS ETF DistLYM9 | 0.45% | 0.60% | €976.93M |
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.21% | 0.30% | €2.31B |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.08% | 0.43% | €2.5B |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.07% | 0.10% | €395.74M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 28 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.