ENPH · Enphase Energy, Inc.
$38.36
-1.01 (-2.57%)
At close · Aug 20
Market Cap
$5.09B
Shares
131.80M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$38.36
Open$38.76
Day$37.92–39.29
52W close$26.12–72.33
Avg vol 30d4.2M
Short int23.0M · 17.5% float · 4.6d
Short vol48%
Last earningsJul 28, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 28
Up next
Next earnings call
Oct 31, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 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
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 14.9 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−5%
below
Price vs 50-day avg
−12%
below
RSI (14)
44
neutral
MACD trend
Positive
52-week position
26%
mid-range
Momentum
relative strength
1-month return
−1%
trailing
6-month return
−9%
trailing
YTD return
+20%
this year
Relative strength
−21%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $43 › 200d $40 — 50d above 200d
Institutional flow
Accumulating
+7% holders QoQ · +132 funds added
Insider flow
Accumulating
Net +$212.4K over 90 days · 33% sells
Short interest
Rising
17.48% of float · ▲ +0.5% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
539 holders — mid 3-yr range
Squeeze score
63
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 38.2
rich
Buyback
$268.7M
remaining
Balance sheet
$730.1M
net debt
Quant / Vol
risk profile
Volatility
83%
annualized · 1-yr
Max drawdown
−52%
past year
ATR
6.1%
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 Jul 28, 2026
Revenue
· third quarter of 2026
Initiated
$290M – $320M
prior qtr $282.9M
midpoint +7.8% QoQ
GAAP gross margin
· third quarter of 2026
Initiated
42% – 45%
GAAP operating expenses
· third quarter of 2026
Initiated
$120M – $124M
Non-GAAP operating expenses
· third quarter of 2026
Initiated
$76M – $80M
Prior guidance
period ended
· 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
$280M – $310M
GAAP gross margin to be within a range of 42.0% to 45.0%
· the second quarter of 2026
42% – 45%
Non-GAAP gross margin to be within a range of 44.0% to 47.0%
· the second quarter of 2026
44% – 47%
GAAP operating expenses to be within a range of $120.0 million t
· the second quarter of 2026
$120M – $124M
Non-GAAP operating expenses to be within a range of $75.0 millio
· the second quarter of 2026
$75M – $79M
Guided vs delivered
· last 2 settled
Revenue
fourth quarter of 2025
guided $310M – $350M
$343.32M
In line
Revenue
Q4 2023
guided $300M – $350M
$302.57M
In line
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−5%
Neutral
Price vs 50-day avg
−12%
Bearish
RSI (14)
44
Neutral
MACD trend
Positive
Bullish
52-week position
26%
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $43 › 200d $40 — 50d above 200d
Institutional flow
Accumulating
+7% holders QoQ · +132 funds added
Insider flow
Accumulating
Net +$212.4K over 90 days · 33% sells
Short interest
Rising
17.48% of float · ▲ +0.5% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
539 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $26
Now $38 · 26%
Range high $72
vs 200-day avg -5%
vs 50-day avg -12%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Capital expenditures | $14.4M | Q2 2026 | — |
|
|
|||
| Cash flow from operations | $40.3M | Q2 2026 | — |
|
|
|||
| Cash, cash equivalents and marketable securities | $937.7M | Q2 2026 | — |
|
|
|||
| Certified installers worldwide for IQ Batteries | 25,000 | Q2 2026 | — |
|
|
|||
| Free cash flow non-GAAP | $25.9M | Q2 2026 | — |
|
|
|||
| IQ Batteries shipped | 113.8 | Q2 2026 | — |
|
|
|||
| microinverters and battery inverters shipped from Texas and South Carolina facilities | 1.58M | Q2 2026 | — |
| Non-GAAP diluted earnings per share non-GAAP | $0.46 | Q2 2026 | — |
|
|
|||
| Non-GAAP gross margin non-GAAP | 46.8% | Q2 2026 | — |
|
|
|||
| Non-GAAP net income non-GAAP | $61.5M | Q2 2026 | — |
|
|
|||
| Non-GAAP operating income non-GAAP | $56.7M | Q2 2026 | — |
|
|
|||
| safe harbor agreements year-to-date | $1.08B | Q2 2026 | — |
| Tariff impact on gross margin | 2% | Q2 2026 | — |
|
|
|||
| IQ Batteries shipped from Texas manufacturing facility | 49.5 | Q1 2026 | — |
| megawatts DC shipped | 627.6 | Q1 2026 | — |
| microinverters shipped | 1.41M | Q1 2026 | — |
|
|
|||
| microinverters shipped from U.S. manufacturing facilities | 1.39M | Q1 2026 | — |
| remaining share repurchase authorization | $268.7M | Q1 2026 | — |
|
|
|||
| Customer accounts served by approved IQ Meter Collar utilities | 30M | the fourth quarter of 2025 | — |
| IQ Batteries shipped from Texas and South Carolina facilities | 51.1 | the fourth quarter of 2025 | — |
| IQ Meter Collar approved by U.S. utilities | 52 | the fourth quarter of 2025 | — |
| microinverters shipped (megawatts DC) | 682.6 | the fourth quarter of 2025 | — |
| Microinverters shipped from U.S. manufacturing facilities (45X production tax credits) | 1.31M | the fourth quarter of 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Solar — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ENPH
this stock
Enphase Energy, Inc.
|
$5.09B | +19.7% | +10.7% | 38.2 | 17.5% |
|
FSLR
First Solar, Inc.
|
$23.90B | -18.1% | +24.1% | 13.7 | 9.5% |
|
NXT
Nextpower Inc.
|
$13.98B | +5.8% | +20.3% | 23.8 | 5.5% |
|
RUN
Sunrun Inc.
|
$2.24B | -46.7% | +13.0% | 6.3 | 26.9% |
|
SMTGF
SMA Solar Technology AG/ADR
|
$2.15B | +63.4% | — | — | 0.2% |
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 | -5.9% | -1.4% | -9.3% | +2.2% | +19.7% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | -5.5% | -4.3% | -20.8% | -0.8% | +6.9% |
Capital returns
Buyback program
· as of Jun 30, 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)
519 filings
474 filers
Visit website
Investor relations