ENPH
Enphase Energy, Inc.
$43.06
-1.77 (-3.95%)
At close · Jul 13
Market Cap
$5.68B
Shares
131,798,220
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$43.06
Open$43.80
Day$42.25–44.04
52W$25.78–73.74
Avg vol 30d6.4M
Short int23.5M · 17.9% float · 2.9d
Short vol52%
Last earningsApr 28, 2026
DataJan 2020–Jul 2026
Filing10-Q · Apr 28
Up next
Next earnings call
Aug 1, 2026
Est · unconfirmed
· in 2 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Apr 28, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Strong
Sentiment
Bullish
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 16.5 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+8%
above
Price vs 50-day avg
−14%
below
RSI (14)
40
neutral
MACD trend
Negative
52-week position
36%
mid-range
Momentum
relative strength
1-month return
−22%
trailing
6-month return
+23%
trailing
YTD return
+34%
this year
Relative strength
+15%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $50 › 200d $40 — 50d above 200d
Institutional flow
Accumulating
37 of 499 funds reported for Jun 30 · net +1.7M sh shares · +10 new
Insider flow
Accumulating
Net +$314.0K over 90 days · 33% sells
Short interest
Falling
17.85% of float · ▼ -2.8% MoM · 2.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
499 holders — mid 3-yr range
Squeeze score
66
elevated · 0–100
Fundamentals
Revenue growth
+11%
Y/Y
Gross margin
47%
contracting
EPS growth
+72%
Y/Y
Free cash flow
$95.9M
Valuation
P/E 42.6
rich
Buyback
$268.7M
remaining
Balance sheet
$730.1M
net debt
Quant / Vol
risk profile
Volatility
85%
annualized · 1-yr
Max drawdown
−41%
past year
ATR
9.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Apr 28, 2026
Revenue to be within a range of $280.0 million to $310.0 million
· the second quarter of 2026
Initiated
$280M – $310M
prior qtr $282.9M
midpoint +4.3% QoQ
GAAP gross margin to be within a range of 42.0% to 45.0%
· the second quarter of 2026
Initiated
42% – 45%
Non-GAAP gross margin to be within a range of 44.0% to 47.0%
· the second quarter of 2026
Initiated
44% – 47%
GAAP operating expenses to be within a range of $120.0 million t
· the second quarter of 2026
Initiated
$120M – $124M
Non-GAAP operating expenses to be within a range of $75.0 millio
· the second quarter of 2026
Initiated
$75M – $79M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+8%
Bullish
Price vs 50-day avg
−14%
Bearish
RSI (14)
40
Neutral
MACD trend
Negative
Bearish
52-week position
36%
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $50 › 200d $40 — 50d above 200d
Institutional flow
Accumulating
37 of 499 funds reported for Jun 30 · net +1.7M sh shares · +10 new
Insider flow
Accumulating
Net +$314.0K over 90 days · 33% sells
Short interest
Falling
17.85% of float · ▼ -2.8% MoM · 2.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
499 holders — mid 3-yr range
Price context
position in its 52-week range
52-wk low $26
Now $43 · 36%
52-wk high $74
vs 200-day avg +8%
vs 50-day avg -14%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from its earnings releases, calls, and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Agreements executed year-to-date with third-party owners (total) | $843.6M | Q1 2026 | — |
| Capital expenditures | $19.9M | Q1 2026 | — |
| Cash flow from operations | $102.9M | Q1 2026 | — |
| IQ Batteries shipped from Texas manufacturing facility | 49.5 | Q1 2026 | — |
| Microinverters shipped from U.S. manufacturing facilities (Section 45X PTCs) | 1.39M | Q1 2026 | — |
| Non-GAAP gross margin non-GAAP | 43.9% | Q1 2026 | — |
|
|
|||
| Non-GAAP operating income non-GAAP | $47.3M | Q1 2026 | — |
| Remaining share repurchase authorization | $268.7M | Q1 2026 | — |
|
|
|||
| average call wait time | 1.4 | Q1 call | — |
| batteries shipped | 103 | Q1 call | — |
| customer accounts covered by Meter Collar approvals | 34M | Q1 call | — |
| customer service NPS | 82% | Q1 call | — |
| France battery activations change (April vs Q1 monthly run rate) | 20% | April call | — |
| Germany battery activations change (April vs Q1 monthly average) | 27% | April call | — |
| gross margin non-GAAP | 44% | Q1 call | — |
| installed Enphase residential solar systems (France) | 400,000 | Q1 call | — |
| installed Enphase residential solar systems (Netherlands) | 475,000 | Q1 call | — |
| international revenue mix | 17% | Q1 call | — |
| Meter Collar approved U.S. utilities | 64 | Q1 call | — |
| microinverters shipped | 1.41M | Q1 call | — |
| Netherlands battery activations change (April vs Q1 monthly run rate) | 75% | April call | — |
| operating expenses non-GAAP | 27% | Q1 call | — |
| operating income non-GAAP | 17% | Q1 call | — |
| overall sell-through change (sequential) | -48% | Q1 call | — |
| Propel battery attachment rate | 84% | Q1 call | — |
| Propel installer count | 200 | Q1 call | — |
| Propel net originations run rate | 200 | Q1 call | — |
| U.S. revenue change (sequential) | -23% | Q1 call | — |
| U.S. revenue mix | 83% | Q1 call | — |
| Customer accounts served by IQ Meter Collar-approved utilities | 30M | Q4 2025 | — |
| Free cash flow | $37.8M | Q4 2025 | — |
| IQ Batteries shipped from U.S. manufacturing facilities | 51.1 | Q4 2025 | — |
| IQ Battery certified installers | 22,000 | Q4 2025 | — |
| IQ Meter Collar approved by U.S. utilities | 52 | Q4 2025 | — |
| Microinverters shipped from U.S. manufacturing facilities (45X) | 1.31M | Q4 2025 | — |
| Tariff impact on margin | 5.1% | Q4 2025 | — |
Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file
Versus peers
Solar — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ENPH
this stock
Enphase Energy, Inc.
|
$5.68B | +34.4% | +10.7% | 42.6 | 17.9% |
|
FSLR
First Solar, Inc.
|
$23.75B | -15.4% | +26.7% | 14.3 | 7.7% |
|
NXT
Nextpower Inc.
|
$14.98B | +14.4% | +20.3% | 26.0 | 4.7% |
|
SEDG
Solaredge Technologies, Inc.
|
$3.38B | +92.4% | -4.3% | — | 17.1% |
|
RUN
Sunrun Inc.
|
$3.05B | -30.5% | +13.0% | 6.0 | 27.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ENPH | -3.3% | -21.6% | +23.1% | -12.6% | +34.4% |
| SPY | -0.3% | +1.6% | +8.3% | +0.3% | +9.9% |
| vs SPY | -3.1% | -23.2% | +14.8% | -12.9% | +24.5% |
Capital returns
Buyback program
· as of Mar 31, 2026
Authorized
$1.00B
Spent (derived)
$731.30M
Remaining
$268.70M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1463101
CUSIP
29355A107
13F (30d)
60 filings
40 filers
Visit website
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