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/ENPH
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Enphase Energy Inc

Enphase Energy Inc

ENPH
$36.35USD-1.38%-0.51 today

MARKET CAP

4.8B

P/E (TTM)

36.4x

FWD P/E

DAY RANGE

$36 – $38

52W RANGE

$26
$74

AI Summary

Stalk
TrimMedium

ENPH remains in a Stage 4 downtrend with support failure and sequential lower highs/lows reinforcing a bearish medium-term bias. Price is trading near support, making immediate selling unfavorable; we will defer execution and look to trim into rallies toward the former support zone around the 20EMA/50SMA (approximately 37.6 6.5) on evidence of rejection. Key risks include a relief bounce absorbing sellers and the mid-30s support cluster holding supply.

  • Launching 5th-gen IQ battery and IQ9 microinverters to strengthen product competitiveness.
  • Q3 revenue grew to $410.4M, driven by robust U.S. residential solar demand.
  • Q1 2026 revenue declined 23% sequentially to $282.9M after tax credit expiry.
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$1.4B$2.3B$2.3B$1.3B$1.5B
YoY %+78.6%+68.6%-1.7%-41.9%+10.7%
P / Sales18.9x15.7x8.2x7.2x2.9x
EV / Sales20.0x16.5x9.1x8.8x4.3x
Gross Profit, Adj.$555.1M$974.6M$1.1B$629.1M$687.0M
YoY %+60.4%+75.6%+8.6%-40.6%+9.2%
Margin %40.1%41.8%46.2%47.3%46.6%
EV / Gross Profit49.8x39.4x19.8x18.5x9.1x
EBITDA, Adj.$247.4M$509.4M$536.1M$171.8M$245.3M
YoY %+20.9%+105.9%+5.2%-67.9%+42.8%
Margin %17.9%21.9%23.4%12.9%16.7%
EV / EBITDA111.8x75.3x39.0x67.9x25.6x
EBIT$216.5M$448.3M$445.7M$77.3M$157.5M
YoY %+16.1%+107.0%-0.6%-82.7%+103.8%
Margin %15.7%19.2%19.5%5.8%10.7%
EV / EBIT127.8x85.6x46.9x150.9x39.8x
Net Income$145.6M$397.4M$438.9M$102.7M$172.1M
YoY %+8.5%+172.9%+10.5%-76.6%+67.7%
Net Margin10.5%17.0%19.2%7.7%11.7%
EPS (GAAP)$1.02$2.77$3.08$0.75$1.29
YoY %+7.4%+171.6%+11.2%-75.6%+72.0%