Enphase Energy Inc

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.