ENPH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $33.47
Market Cap (MRQ) $4.42B
P/E (TTM) 33.5
EPS (TTM) $1.00
Revenue (TTM) $1.33B
ROE (TTM) 13.0%
Debt/Equity (MRQ) 0.5
52W Range $26–$74

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04
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About Enphase Energy, Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export. The company has shipped more than 48 million microinverters to 2.5 million solar systems in more than 140 countries.

## History

Most solar photovoltaic systems use a central inverter, where the panels are connected together in a series creating a string, which delivers all the direct current (DC) power produced into the inverter for conversion into grid-compatible alternating current (AC). The major drawback to this approach is that, unless DC power optimizers are used, the entire string's output is limited by the output of the lowest-performing panel. Solar micro-inverters address this problem by converting the DC into AC in a small inverter placed behind each individual solar panel.

Enphase founder Martin Fornage discovered this issue when he saw the low performance of the central inverter for the solar array on his ranch. Fornage was looking for a new opportunity after the 2001 Telecoms crash and brought an idea to build micro-inverters to his former Cerent Corporation colleague, Raghu Belur, and they formed PVI Solutions. The two hired Paul Nahi to be CEO at the end of 2006 and the trio formed Enphase Energy, Inc. in early 2007. Enphase raised $6 million in private equity, and in 2008, released its first microinverter, the M175. Their second generation product, 2009's M190, had sales of about 400,000 units in 2009 and early 2010. Enphase grew to 13% marketshare for residential systems by mid-2010.

Enphase went public in March 2012 and began trading on the Nasdaq with the stock symbol ENPH.

In October 2014, Enphase announced it would enter the battery home energy storage market. The first batteries were installed in Australia and New Zealand in mid-2016, but the launch of any Enphase battery system in the North American market was delayed until July 2020. When released in the North American market, the battery system was part of the Ensemble energy management system, and substantially different to the first generation on-grid only battery previously released.

Enphase experienced leadership changes in September 2017 when the president and CEO, Paul Nahi, announced his resignation from the company. Badri Kothandaraman was appointed the company's new president and CEO. Kothandaraman was previously the company's chief operating officer.

As of 2020, Enphase had about a 48% market share for residential installations in the US, which represents 72% of the entire world micro-inverter market. In the global market for inverters for all customers (residential, commercial and industrial), microinverters have a 1.7% share of the inverter market.

In 2021, Enphase completed a series of acquisitions that focused on software-as-a-service and home electrification: Sofdesk's Solargraf, a software platform offering digital tools and services to support the sales process for solar installers; the Solar Design Services business of DIN Engineering Services, a software service provider for solar proposal drawings and permit plan sets; 365 Pronto, a software platform that connects solar installers with operations and maintenance providers; and ClipperCreek, a company that offers electric vehicle (EV) charging solutions for residential and commercial customers in the U.S.

Also in 2021, the company launched its eighth-generation microinverter technology, the IQ8 series, to customers in North America. As of 2022, Enphase has shipped more than 48 million microinverters and deployed more than two million Enphase-based systems in more than 140 countries.

In 2022, Enphase completed the acquisition of SolarLeadFactory LLC, a company that provides leads to solar installers.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorTechnology industrySemiconductors employees2,872 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$1.47B
2017-12-31 → 2025-12-31
EPS$1.29
2022-12-31 → 2025-12-31
Free Cash Flow$96M
2017-12-31 → 2025-12-31
Net margin10.1%
2017-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend ENPH 5Y avg Peer Median Verdict
P/E (TTM) 33.55Y avg ≈63.7 ≈63.7 64.6 Undervalued
P/S (TTM) 3.35Y avg ≈8.3 ≈8.3 6.8 Undervalued
P/B (MRQ) 3.75Y avg ≈19.2 ≈19.2 5.5 Fair value
EV / EBITDA (TTM) 21.15Y avg ≈44.0 ≈44.0 32.1 Undervalued
Price / FCF (TTM) 29.05Y avg ≈36.3 ≈36.3 · ·
Price / Cash Flow (TTM) 21.65Y avg ≈30.7 ≈30.7 25.1 Overvalued
EV / Revenue (TTM) 3.15Y avg ≈8.1 ≈8.1 · ·
EV / FCF (TTM) 26.65Y avg ≈35.0 ≈35.0 · ·
Price / Tangible Book (MRQ) 3.85Y avg ≈29.2 ≈29.2 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 11.6%
Next Report Oct 26, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 20, 2026 $0.46 $0.47 -2.3%
March 31, 2026 $0.47 $0.42 12.2%
Dec. 31, 2025 $0.71 $0.59 19.7%
Sept. 30, 2025 $0.90 $0.66 36.3%
June 30, 2025 $0.69 $0.63 8.8%
March 31, 2025 $0.68 $0.72 -5.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $1.47B$1.33B$2.29B$2.33B$1.38B$774M$624M$316M$286M$323M$357M$344M
Cost of Revenue $786M$701M$1.23B$1.36B$828M$428M$403M$222M$230M$265M$249M$231M
Gross Profit $687M$629M$1.06B$975M$554M$346M$221M$94M$56M$58M$108M$113M
R&D Expense $189M$201M$227M$169M$106M$56M$40M$33M$33M$51M$51M$45M
SG&A Expense $136M$131M$138M$140M$104M$51M$39M$29M$22M$27M$31M$31M
Operating Expenses $529M$552M$613M$526M$339M$160M$119M$93M$95M$121M$128M$117M
Operating Income $158M$77M$446M$448M$216M$186M$103M$2M$-39M$-63M··
Interest Expense ··$9M$9M$45M$21M$10M$11M$8M$3M$501.0K$2M
Other Non-op $-11M$-26M$7M$-431.0K$6M$-799.0K$-5M$-2M$2M$-514.0K$-893.0K$-994.0K
Pretax Income $205M$120M$513M$452M$121M$119M$90M$-10M$-45M$-66M$-21M$-7M
Income Tax $33M$18M$74M$55M$-25M$-15M$-71M$1M$-149.0K$1M$1M$766.0K
Net Income $172M$103M$439M$397M$145M$134M$161M$-12M$-45M$-67M$-22M$-8M
EPS (Basic) $1.31$0.76$3.22$2.94········
EPS (Diluted) $1.29$0.75$3.08$2.77········
Shares (Basic) 131,162,000135,167,000136,376,000135,349,000134,025,000125,561,000116,713,00099,619,00082,939,000···
Shares (Diluted) 134,886,000140,004,000143,290,000144,390,000142,878,000141,918,000131,644,00099,619,00082,939,000···
EBITDA $238M$159M$520M$507M$248M$205M$117M$11M$9M$11M$11M$8M
Balance Sheet 28
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $474M$369M$289M$473M$119M$679M$251M$106M$29M$18M$28M$42M
Short-term Investments $1.04B$1.25B$1.41B$1.14B$897M$0······
Receivables $230M$224M$446M$441M$334M$182M$145M$79M$65M$61M$46M$45M
Inventory $288M$165M$214M$150M$74M$42M$32M$16M$26M$32M$41M$22M
Prepaid Expense $576M$221M$89M$61M$38M$30M$26M$21M$10M$7M$6M$6M
Current Assets $2.61B$2.33B$2.44B$2.26B$1.46B$933M$500M$222M$130M$118M$122M$115M
PP&E (Net) $137M$148M$168M$111M$82M$43M$29M$21M$26M$31M$32M$31M
PP&E (Gross) $371M$331M$306M$215M$160M$105M$81M$73M$71M$71M$64M$55M
Accum. Depreciation $234M$183M$137M$104M$77M$62M$52M$52M$44M$40M$32M$24M
Goodwill $215M$212M$215M$214M$181M$25M$25M$25M$4M$4M$4M$4M
Intangibles $22M$42M$69M$100M$98M$29M$31M$35M$515.0K$945.0K$2M$2M
Other Non-current Assets $223M$206M$216M$169M$119M$60M$45M$37M$8M$10M$6M$916.0K
Total Assets $3.51B$3.25B$3.38B$3.08B$2.08B$1.20B$713M$340M$169M$164M$166M$152M
Accounts Payable $203M$90M$116M$125M$114M$73M$57M$49M$29M$32M$26M$22M
Accrued Liabilities $217M$197M$262M$296M$158M$77M$47M$29M$22M$23M$19M$26M
Current Liabilities $1.26B$660M$532M$638M$440M$534M$199M$147M$92M$83M$73M$59M
Capital Leases $31M$23M$19M$19M$12M$15M$10M·····
Other Non-current Liabilities $65M$55M$51M$44M$17M$17M$12M$3M$2M$2M$3M$4M
Total Liabilities $2.42B$2.42B$2.40B$2.26B$1.65B$716M$441M$332M$178M$162M$124M$105M
Long-term Debt $1.20B$1.30B$1.29B$1.29B$1.04B$331M$106M$110M$50M$24M$0$0
Total Debt $1.20B$1.30B$1.29B$1.29B$1.04B$331M$106M·$32M$24M·$0
Common Stock $1.0K$1.0K$1.0K$1.0K$1.0K$1.0K$1.0K$1.0K$1.0K$1.0K$0$0
Paid-in Capital $1.29B$1.08B$939M$819M$838M$535M$458M$353M$287M$252M$225M$208M
Retained Earnings $-204M$-245M$46M$17M$-406M$-51M$-185M$-346M$-296M$-251M$-183M$-161M
AOCI $2M$-6M$-2M$-11M$-2M$434.0K$-923.0K$742.0K$-656.0K$-292.0K$-210.0K$-79.0K
Stockholders' Equity $1.09B$833M$984M$826M$430M$484M$272M$8M$-9M$1M$41M$47M
Liabilities + Equity $3.51B$3.25B$3.38B$3.08B$2.08B$1.20B$713M$340M$169M$164M$166M$152M
Shares Outstanding 131,080,000132,448,000135,722,000136,441,000133,894,000128,962,000123,109,000107,035,00085,914,00062,269,00045,821,00043,756,000
Cash Flow 19
Metric Trend 202520242023202220212020201920182017201620152014
D&A $81M$81M$75M$59M$31M$18M$14M$10M$9M$11M$11M$8M
Stock-based Comp $214M$211M$213M$217M$114M$43M$20M$11M$7M$10M$13M$10M
Deferred Tax $14M$-61M$-47M$-137.0K$-31M$-17M$-73M$123.0K$-1M$654.0K$642.0K$-35.0K
Amort. of Intangibles $20M$23M$27M$25M$10M$5M$5M$2M$400.0K$700.0K$500.0K$100.0K
Restructuring $7M$13M$16M$2M$0$0$3M$4M$17M$4M$0$0
Other Non-cash $-344M$179M$17M$72M$91M$39M$17M$7M$2M$13M$-23M$14M
Operating Cash Flow $137M$514M$697M$745M$352M$216M$139M$16M$-28M$-33M$-21M$24M
CapEx $41M$34M$110M$46M$52M$21M$15M$4M$4M$12M$13M$13M
Investing Cash Flow $107M$128M$-366M$-372M$-1.22B$-26M$-15M$-19M$-4M$-12M$-12M$-17M
Debt Issued ·····$0$0$68M$26M$24M·$0
Net Debt Issued $-102M·$0$0$-2M$-3M$-46M$58M·$0$0$-9M
Stock Issued ·····$0$0$20M$26M$16M$0$0
Stock Repurchased $130M$391M$410M$0$500M$0$0·····
Net Stock Activity $-130M$-391M$-410M$0$-500M$0$0$20M$26M$16M··
Financing Cash Flow $-242M$-460M$-517M$-17M$309M$192M$66M$81M$43M$34M$21M$-3M
Net Change in Cash $10M$175M$-184M$354M$-560M$383M$190M$77M$11M$-11M$-14M$4M
Taxes Paid $20M···········
Free Cash Flow $96M$480M$586M$698M$300M$196M$124M$12M$-33M$-45M$-34M$11M
Levered FCF ··$579M$690M$245M$172M$107M$1M$-40M$-48M$-34M$9M
Profitability 8
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 46.6%47.3%46.2%41.8%40.1%44.7%35.4%29.9%19.6%18.0%30.3%32.9%
Operating Margin 10.7%5.8%19.5%19.2%15.6%24.1%16.4%0.50%····
Net Margin 11.7%7.7%19.2%17.1%10.5%17.3%25.8%-3.7%-15.8%-20.9%-6.2%-2.3%
Pretax Margin 13.9%9.0%22.4%19.4%8.8%15.4%14.4%-3.2%-15.8%-20.5%-5.8%-2.1%
EBITDA Margin 16.2%11.9%22.7%21.8%18.0%26.4%18.7%3.6%3.1%3.3%2.9%2.4%
ROA 5.1%3.1%13.6%14.9%8.9%14.0%30.6%·-27.2%-41.0%-13.9%-6.0%
ROE 17.9%11.6%43.9%55.4%27.0%29.8%75.9%·1154.9%-315.6%-50.0%-18.5%
ROIC 5.8%3.1%16.7%18.6%17.7%25.7%48.6%·····
Liquidity & Solvency 5
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 2.13.54.63.53.31.72.5·1.41.41.72.0
Quick Ratio 1.42.84.03.23.11.62.0·1.01.01.01.5
Debt / Equity 1.11.61.31.62.40.70.4·-3.518.3·0.0
LT Debt / Equity 0.51.41.31.52.20.00.4·-3.516.0·0.0
Interest Coverage ··50.447.54.88.910.60.2····
Efficiency 3
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.40.40.70.90.80.81.2·1.72.02.22.6
Inventory Turnover 3.53.76.811.014.211.616.7·7.97.38.012.1
Receivables Turnover 6.54.05.25.85.44.75.6·4.56.07.88.9
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $8.29$6.29$7.25$6.05$3.21$3.75$2.21·$-0.11$0.02$0.90$1.07
Revenue / Share $10.92$9.50$15.99$16.14$9.67$5.46$4.74·····
Cash Flow / Share $1.01$3.67$4.86$5.16$2.46$1.52$1.06·····
Cash / Share $3.62$2.79$2.13$3.47$0.89$5.27$2.04·$0.34$0.29$0.62$0.96
EPS (TTM) $1.29$0.75$3.08$2.77········
Growth Rates 8
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 10.7%-41.9%-1.7%68.7%78.5%·······
Revenue CAGR 3Y -14.2%-1.3%43.5%·········
Revenue CAGR 5Y 13.7%···········
EPS YoY 72.0%-75.6%11.2%·········
EPS CAGR 3Y -22.5%···········
Net Income YoY 67.7%-76.6%10.5%173.2%8.6%·······
Net Income CAGR 3Y -24.3%-11.0%48.5%·········
Net Income CAGR 5Y 5.1%···········
Valuation (TTM) 14
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $1.47B$1.33B$2.29B$2.33B$1.38B$774M$624M$316M$286M$323M$357M$344M
Net Income TTM $172M$103M$439M$397M$145M$134M$161M$-12M$-45M$-67M$-22M$-8M
Market Cap $4.20B$9.10B$17.93B$36.15B$24.49B$22.63B$3.22B·$207M$63M$161M$625M
Enterprise Value $3.89B$8.78B$17.53B$35.83B$24.52B$22.28B$3.07B·$210M$69M·$583M
P/E 24.891.642.995.7········
P/S 2.96.87.815.517.729.25.2·0.70.20.51.8
P/B 3.910.918.243.856.946.811.8·-22.748.43.913.3
P / Tangible Book 4.915.725.670.5162.052.6······
P / Cash Flow 30.817.725.748.569.6104.623.1·-7.3-1.9-7.625.8
P / FCF 43.818.930.651.881.7115.625.9·-6.4-1.4-4.857.0
EV / EBITDA 16.355.333.770.798.7108.926.3·23.36.5·70.6
EV / FCF 40.618.329.951.381.8113.824.7·-6.5-1.5·53.2
EV / Revenue 2.66.67.715.417.728.84.9·0.70.2·1.7
Earnings Yield 4.0%1.1%2.3%1.1%········

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312022-03-31
Revenue $1.47B $1.33B $2.29B $2.33B ·
Gross Margin % 46.6% 47.3% 46.2% 41.8% ·
Operating Margin % 10.7% 5.8% 19.5% 19.2% ·
Net Income $172M $103M $439M $397M ·
Diluted EPS $1.29 $0.75 $3.08 $2.77 ·

Institutional owners (13F) 639 filers · $7.9B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 639
Value held $7.9B
New positions 140
Exited positions 78
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
140 (+36 vs prior Q) 78 (+18 vs prior Q) 165 (-7 vs prior Q) 215 (+23 vs prior Q) +7.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $1,154,775,626 23,451,983 14.56% Shares
VANGUARD GROUP INC $523,365,186 16,329,647 6.60% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $446,443,077 9,066,675 5.63% Shares
VANGUARD CAPITAL MANAGEMENT LLC $282,186,118 5,730,831 3.56% Shares
STATE STREET CORP $233,723,224 4,746,613 2.95% Shares
TWO SIGMA INVESTMENTS, LP $229,246,274 4,655,692 2.89% Shares
JANE STREET GROUP, LLC $193,823,412 3,936,300 2.44% Put option
Invesco Ltd. $180,289,253 3,661,439 2.27% Shares
JANE STREET GROUP, LLC $176,914,396 3,592,900 2.23% Call option
GILDER GAGNON HOWE & CO LLC $171,304,040 3,478,961 2.16% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $161,093,584 3,271,600 2.03% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $139,285,188 2,828,700 1.76% Put option
Slate Path Capital LP $127,392,251 2,587,170 1.61% Shares
MORGAN STANLEY $118,597,647 2,408,561 1.50% Shares
GEODE CAPITAL MANAGEMENT, LLC $117,622,563 2,388,154 1.48% Shares
JPMORGAN CHASE & CO $117,097,001 2,416,246 1.48% Shares
FIRST TRUST ADVISORS LP $112,404,333 2,282,785 1.42% Shares
Robeco Schweiz AG $101,520,323 2,061,745 1.28% Shares
DIMENSIONAL FUND ADVISORS LP $96,059,612 1,950,258 1.21% Shares
CITADEL ADVISORS LLC $91,561,780 1,859,500 1.15% Call option
CITADEL ADVISORS LLC $84,988,240 1,726,000 1.07% Put option
TWO SIGMA ADVISERS, LP $84,327,043 2,631,109 1.06% Shares
GOLDMAN SACHS GROUP INC $82,309,240 1,671,593 1.04% Shares
FMR LLC $82,237,917 1,670,145 1.04% Shares
Amundi $81,086,610 1,646,878 1.02% Shares
COATUE MANAGEMENT LLC $76,663,775 1,556,941 0.97% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $75,014,973 1,523,456 0.95% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $72,993,819 1,482,409 0.92% Shares
NORGES BANK $71,871,393 1,459,614 0.91% Shares
MILLENNIUM MANAGEMENT LLC $71,069,175 1,443,322 0.90% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $69,948,030 1,420,553 0.88% Shares
FEDERATED HERMES, INC. $68,946,636 1,400,216 0.87% Shares
NOMURA HOLDINGS INC $61,825,744 1,255,600 0.78% Call option
UBS Group AG $59,120,252 1,200,655 0.75% Shares
Driehaus Capital Management LLC $52,190,904 1,059,929 0.66% Shares
NORTHERN TRUST CORP $49,821,229 1,011,804 0.63% Shares
PeakShares LLC $49,240,000 1,000 0.62% Shares
UBS Group AG $46,585,964 946,100 0.59% Put option
Bank of New York Mellon Corp $43,920,906 891,976 0.55% Shares
VANGUARD FIDUCIARY TRUST CO $40,768,209 827,949 0.51% Shares
UBS Group AG $40,598,725 824,507 0.51% Call option
Legal & General Group Plc $39,127,531 794,629 0.49% Shares
NOMURA HOLDINGS INC $38,186,703 775,522 0.48% Shares
PRINCIPAL FINANCIAL GROUP INC $36,355,568 738,334 0.46% Shares
CITADEL ADVISORS LLC $34,710,409 704,923 0.44% Shares
Arosa Capital Management LP $32,744,600 665,000 0.41% Call option
Palo Duro Investment Partners, LP $32,665,274 663,389 0.41% Shares
D. E. Shaw & Co., Inc. $32,550,496 661,058 0.41% Shares
D. E. Shaw & Co., Inc. $28,889,108 586,700 0.36% Call option
Capital World Investors $27,700,307 562,557 0.35% Shares

Show all 639 institutional owners →

Activists & 5%+ owners 4 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
SunPower Corporation, SunPower Equity Holdings, LLC ×4 filings March 12, 2020 · Initial filing · SEC
KPCB Green Growth Fund, LLC (“KPCB GGF”), KPCB GGF Associates, LLC ×3 filings Feb. 14, 2018 · Initial filing · SEC
Third Point LLC, Daniel S. Loeb, Third Point Advisors II L.L.C. ×5 filings May 15, 2017 · Initial filing · SEC
Madrone Partners, L.P., Madrone Capital Partners, L.L.C., Jameson McJunkin ×3 filings Aug. 21, 2014 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 32 insiders · 17 officers · 15 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Badrinarayanan Kothandaraman President & CEO May 26, 2026 P 1,645,632 6 0 $1,060,102
Paul B Nahi President and CEO May 30, 2017 A 1,367,880 0 0 $0
Mandy Yang EVP, Chief Financial Officer March 10, 2026 F 90,335 0 1 $-198,060
Eric Branderiz EVP & Chief Financial Officer Feb. 14, 2022 F 69,834 0 0 $0
Humberto Garcia VP and CFO May 15, 2018 F 539,721 0 0 $0
Kris Sennesael VP and CFO March 29, 2016 A 314,924 0 0 $0
Jeff Mcneil EVP & Chief Operating Officer March 1, 2023 F 36,648 0 0 $0
Mary Erginsoy VP, Chief Accounting Officer March 1, 2026 F 30,537 0 0 $0
David A Ranhoff EVP & Chief Commercial Officer June 17, 2024 S 107,943 0 0 $0
Jeff Loebbaka VP, Worldwide Sales June 17, 2015 A 98,062 0 0 $0
Raghuveer R Belur VP, Products and Strat. Init Nov. 20, 2012 P 9,420 0 0 $0
Ciaran Fox VP, Quality & Reliability Nov. 16, 2012 P 3,000 0 0 $0
Bill Rossi Chief Marketing Officer Nov. 16, 2012 P 3,494 0 0 $0
Stephen A Lapointe VP, Global Human Resources Sept. 19, 2012 A · 0 0 $0
Greg Steele Sr. VP, Operations June 15, 2012 A 7,000 0 0 $0
Dennis Hollenbeck Vice President of Engineering May 11, 2012 A · 0 0 $0
Martin Fornage Chief Technology Officer May 11, 2012 A 1,619 0 0 $0
Richard Mora Director Aug. 14, 2026 S 10,422 0 5 $-268,728
Shanker Trivedi Director June 12, 2026 P 1,000 1 0 $53,910
Joseph Ian Malchow Director May 13, 2026 A 69,912 0 0 $0
Benjamin John Kortlang Director May 13, 2026 A 14,059 0 0 $0
Steven J Gomo Director May 13, 2026 A 14,359 0 0 $0
Thurman J. Rodgers Director May 13, 2026 A 8,542 0 2 $-10,354,972
John Howard Weber Director March 6, 2018 M 0 0 0 $0
Neal Dempsey Director April 28, 2016 A 16,486 0 0 $0
Jameson J Mcjunkin Director April 30, 2015 A 4,338,287 0 0 $0
Robert S Schwartz Director Aug. 19, 2014 S 43,463 0 0 $0
Stoddard Moran Wilson Director Feb. 21, 2014 S 4,171,132 0 0 $0
Chong Sup Park Director May 2, 2013 A · 0 0 $0
Madrone Partners, L.P. 10% owner Aug. 19, 2014 S 4,338,287 0 0 $0
RockPort Capital Partners II, LP 10% owner Feb. 21, 2014 S 4,171,132 0 0 $0
Jamie Elizabeth Haenggi · May 13, 2026 A 20,898 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 68 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
TAN · Invesco Exchange-Traded Fund Trust … 7.14% 1,948,630 SH Oct. 1, 2026 Daily
ICLN · iShares Trust 4.48% 2,602,496 SH Sept. 11, 2026 Daily
VCLN · Virtus ETF Trust II 4.33% 6,326 NS July 31, 2026 N-PORT
ETEC · iShares Trust 3.07% 3,357 SH Sept. 11, 2026 Daily
SCOW · Pacer Funds Trust 2.45% 1,116 NS July 31, 2026 N-PORT
PSCT · Invesco Exchange-Traded Fund Trust … 1.82% 292,219 SH Oct. 1, 2026 Daily
PBW · Invesco Exchange-Traded Fund Trust 1.47% 149,846 SH Oct. 1, 2026 Daily
IBAT · iShares Trust 1.01% 18,920 SH Sept. 11, 2026 Daily
PBD · Invesco Exchange-Traded Fund Trust … 0.81% 28,280 SH Oct. 1, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS 0.70% 279,666 SH Aug. 19, 2026 Daily
ERTH · Invesco Exchange-Traded Fund Trust 0.67% 25,107 SH Oct. 1, 2026 Daily
POWR · iShares, Inc. 0.65% 80,720 SH Sept. 11, 2026 Daily
FXN · First Trust Exchange-Traded AlphaDE… 0.58% 58,696 NS July 31, 2026 N-PORT
CCSO · Tidal Trust II 0.46% 5,613 NS July 31, 2026 N-PORT
NUSC · Nushares ETF Trust 0.36% 124,139 NS July 31, 2026 N-PORT
VIOO · VANGUARD ADMIRAL FUNDS 0.35% 460,802 SH Aug. 19, 2026 Daily
CCNR · Financial Investors Trust 0.31% 35,008 NS July 31, 2026 N-PORT
QVMS · Invesco Exchange-Traded Fund Trust … 0.28% 19,750 SH Oct. 1, 2026 Daily
MADE · iShares Trust 0.23% 3,761 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.21% 50,667 SH Oct. 1, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.21% 4,799 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.19% 35,764 NS July 31, 2026 N-PORT
IYE · iShares Trust 0.19% 98,041 SH Sept. 11, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.13% 1,823,017 SH Aug. 19, 2026 Daily
ESSC · Strategy Shares 0.13% 1,233 NS July 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.10% 413,084 NS July 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.10% 41,363 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.09% 66,330 SH Sept. 11, 2026 Daily
RWJ · Invesco Exchange-Traded Fund Trust … 0.08% 45,815 SH Oct. 1, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.07% 1,512,649 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.07% 2,871,987 SH Aug. 19, 2026 Daily
VGT · VANGUARD WORLD FUND 0.07% 2,496,887 SH Aug. 19, 2026 Daily
SMMD · iShares Trust 0.07% 67,935 SH Sept. 11, 2026 Daily
ISCG · iShares Trust 0.06% 16,733 SH Sept. 11, 2026 Daily
FTEC · FIDELITY COVINGTON TRUST 0.06% 330,834 NS July 31, 2026 N-PORT
XT · iShares Trust 0.05% 57,557 SH Sept. 11, 2026 Daily
IWS · iShares Trust 0.05% 190,216 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.05% 8,146 SH Sept. 11, 2026 Daily
IWR · iShares Trust 0.03% 526,960 SH Sept. 11, 2026 Daily
IGM · iShares Trust 0.02% 61,946 SH Sept. 11, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.02% 77,410 SH Aug. 19, 2026 Daily
DXUV · Dimensional ETF Trust 0.02% 2,503 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.02% 197,255 NS July 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.01% 8,410 NS July 31, 2026 N-PORT
VEGN · ETF Series Solutions 0.01% 657 NS July 31, 2026 N-PORT
IWD · iShares Trust 0.01% 284,217 SH Sept. 11, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.01% 35,049 SH Oct. 1, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.01% 3,974,368 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 104,326 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.01% 21,317 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.01% 10,796 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.01% 28,963 SH Aug. 19, 2026 Daily
DCOR · Dimensional ETF Trust 0.01% 8,508 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.01% 5,346 NS July 31, 2026 N-PORT
IYY · iShares Trust 0.01% 5,863 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.01% 91,571 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.01% 36,957 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.01% 172,315 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.01% 36,572 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 15,661 NS July 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.00% 155 NS July 31, 2026 N-PORT
FBCG · FIDELITY COVINGTON TRUST 0.00% 88 NS July 31, 2026 N-PORT
IJR · iShares Trust · 8,043,188 SH Sept. 10, 2026 Daily
IJS · iShares Trust · 1,174,543 SH Sept. 8, 2026 Daily
XJR · iShares Trust · 18,230 SH Aug. 31, 2026 Daily
ISCB · iShares Trust · 5,898 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 17,693 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 65,136 SH Sept. 11, 2026 Daily

ENPH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 40 analysts HOLD
Median target $44.00 +31.5%
4 10.0% Strong Buy
12 30.0% Buy
21 52.5% Hold
3 7.5% Sell
0 0.0% Strong Sell

12-Month Price Target

27 analysts · 2026-09-28

Mean target $51.71 +54.5%

Now Current price $33.47
Low$27.00 Mean$51.71 High$212.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ENPH $4.20B 24.8 10.7% 11.7% 17.9% 46.6%
AMKR $9.76B 26.3 6.2% 5.6% 8.7% 14.0%
FORM $4.51B 84.1 2.8% 6.9% 5.4% 39.3%
ACMR · 28.8 15.2% 10.4% 7.9% 44.4%
AXTI $905M -33.4 -11.1% -24.1% -9.1% 12.7%
ACLS $2.47B 21.1 -17.6% 14.3% 11.7% 44.9%
VECO $1.73B 48.4 -7.4% 5.3% 4.1% 40.0%
COHU $1.17B -14.8 12.7% -16.4% -9.2% ·
AEHR $3.00B -401.4 -15.2% -14.2% -4.1% 35.3%
UCTT $1.18B -6.5 -2.1% -8.8% -22.9% 15.7%
ICHR $653M -12.3 11.6% -5.6% -7.8% 9.3%

Latest News Recent headlines mentioning this company

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Source: SEC 10-Q filed Jul 28, 2026