(ENPH) Enphase Energy - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US29355A1079
Stock: Microinverter, Battery, Gateway, Monitoring
Total Rating 55
Risk 87
Buy Signal 0.97
| Risk 5d forecast | |
|---|---|
| Volatility | 81.6% |
| Relative Tail Risk | -14.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.07 |
| Alpha | -38.57 |
| Character TTM | |
|---|---|
| Beta | 1.089 |
| Beta Downside | 1.415 |
| Drawdowns 3y | |
|---|---|
| Max DD | 88.54% |
| CAGR/Max DD | -0.43 |
EPS (Earnings per Share)
Revenue
Description: ENPH Enphase Energy January 08, 2026
Enphase Energy Inc. (NASDAQ: ENPH) designs, manufactures, and sells semiconductor-based microinverters and a suite of complementary hardware and software solutions-including IQ Battery storage, IQ Gateway, cloud-based Enlighten monitoring, and EV charging systems-to the residential solar photovoltaic market in the U.S. and abroad. Its business model spans distribution through solar wholesalers, direct sales to large installers and OEMs, and a legacy-product upgrade program that drives recurring revenue.
Key recent metrics: Q4 2023 revenue rose 23% YoY to $617 million, with a gross margin of 44% and an installed-base of ~13 GW of microinverters worldwide. The residential solar segment is benefitting from a 9% CAGR in U.S. rooftop installations (2021-2025 forecast) and from state-level net-metering policies that improve the economics of behind-the-meter storage-both of which underpin Enphase’s battery-plus-inverter growth trajectory.
For a deeper dive into ENPH’s valuation metrics, the ValueRay platform offers a transparent, data-driven view.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 172.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -12.04 > 1.0 |
| NWC/Revenue: 91.29% < 20% (prev 125.3%; Δ -34.01% < -1%) |
| CFO/TA 0.04 > 3% & CFO 136.5m > Net Income 172.1m |
| Net Debt (730.1m) to EBITDA (288.0m): 2.54 < 3 |
| Current Ratio: 2.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (133.5m) vs 12m ago -3.38% < -2% |
| Gross Margin: 46.64% > 18% (prev 0.47%; Δ 4617 % > 0.5%) |
| Asset Turnover: 43.58% > 50% (prev 40.94%; Δ 2.64% > 0%) |
| Interest Coverage Ratio: 46.30 > 6 (EBITDA TTM 288.0m / Interest Expense TTM 4.52m) |
Altman Z'' 3.18
| A: 0.38 (Total Current Assets 2.61b - Total Current Liabilities 1.26b) / Total Assets 3.51b |
| B: -0.07 (Retained Earnings -242.6m / Total Assets 3.51b) |
| C: 0.06 (EBIT TTM 209.3m / Avg Total Assets 3.38b) |
| D: 0.45 (Book Value of Equity 1.09b / Total Liabilities 2.42b) |
| Altman-Z'' Score: 3.18 = A |
Beneish M -3.02
| DSRI: 0.93 (Receivables 229.9m/223.7m, Revenue 1.47b/1.33b) |
| GMI: 1.01 (GM 46.64% / 47.29%) |
| AQI: 0.95 (AQ_t 0.22 / AQ_t-1 0.23) |
| SGI: 1.11 (Revenue 1.47b / 1.33b) |
| TATA: 0.01 (NI 172.1m - CFO 136.5m) / TA 3.51b) |
| Beneish M-Score: -3.02 (Cap -4..+1) = AA |
What is the price of ENPH shares?
As of February 11, 2026, the stock is trading at USD 50.25 with a total of 8,131,534 shares traded.
Over the past week, the price has changed by +34.79%, over one month by +37.00%, over three months by +53.01% and over the past year by -20.30%.
Over the past week, the price has changed by +34.79%, over one month by +37.00%, over three months by +53.01% and over the past year by -20.30%.
Is ENPH a buy, sell or hold?
Enphase Energy has received a consensus analysts rating of 3.45.
Therefor, it is recommend to hold ENPH.
- StrongBuy: 11
- Buy: 5
- Hold: 19
- Sell: 1
- StrongSell: 4
What are the forecasts/targets for the ENPH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 45.5 | -9.5% |
| Analysts Target Price | 45.5 | -9.5% |
| ValueRay Target Price | 42.2 | -16% |
ENPH Fundamental Data Overview February 11, 2026
P/E Trailing = 38.6923
P/E Forward = 20.7039
P/S = 4.4686
P/B = 5.9951
P/EG = 1.1504
Revenue TTM = 1.47b USD
EBIT TTM = 209.3m USD
EBITDA TTM = 288.0m USD
Long Term Debt = 571.9m USD (from longTermDebt, two quarters ago)
Short Term Debt = 632.2m USD (from shortTermDebt, last quarter)
Debt = 1.20b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 730.1m USD (from netDebt column, last quarter)
Enterprise Value = 6.27b USD (6.58b + Debt 1.20b - CCE 1.51b)
Interest Coverage Ratio = 46.30 (Ebit TTM 209.3m / Interest Expense TTM 4.52m)
EV/FCF = 65.42x (Enterprise Value 6.27b / FCF TTM 95.9m)
FCF Yield = 1.53% (FCF TTM 95.9m / Enterprise Value 6.27b)
FCF Margin = 6.51% (FCF TTM 95.9m / Revenue TTM 1.47b)
Net Margin = 11.69% (Net Income TTM 172.1m / Revenue TTM 1.47b)
Gross Margin = 46.64% ((Revenue TTM 1.47b - Cost of Revenue TTM 786.0m) / Revenue TTM)
Gross Margin QoQ = 44.28% (prev 47.81%)
Tobins Q-Ratio = 1.79 (Enterprise Value 6.27b / Total Assets 3.51b)
Interest Expense / Debt = 0.07% (Interest Expense 829.0k / Debt 1.20b)
Taxrate = 15.96% (32.7m / 204.8m)
NOPAT = 175.9m (EBIT 209.3m * (1 - 15.96%))
Current Ratio = 2.07 (Total Current Assets 2.61b / Total Current Liabilities 1.26b)
Debt / Equity = 1.11 (Debt 1.20b / totalStockholderEquity, last quarter 1.09b)
Debt / EBITDA = 2.54 (Net Debt 730.1m / EBITDA 288.0m)
Debt / FCF = 7.61 (Net Debt 730.1m / FCF TTM 95.9m)
Total Stockholder Equity = 943.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.09% (Net Income 172.1m / Total Assets 3.51b)
RoE = 18.25% (Net Income TTM 172.1m / Total Stockholder Equity 943.3m)
RoCE = 13.82% (EBIT 209.3m / Capital Employed (Equity 943.3m + L.T.Debt 571.9m))
RoIC = 8.39% (NOPAT 175.9m / Invested Capital 2.10b)
WACC = 8.40% (E(6.58b)/V(7.79b) * Re(9.93%) + D(1.20b)/V(7.79b) * Rd(0.07%) * (1-Tc(0.16)))
Discount Rate = 9.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.08%
[DCF Debug] Terminal Value 74.07% ; FCFF base≈249.6m ; Y1≈214.5m ; Y5≈167.8m
Fair Price DCF = 16.05 (EV 2.83b - Net Debt 730.1m = Equity 2.10b / Shares 130.9m; r=8.40% [WACC]; 5y FCF grow -17.08% → 2.90% )
EPS Correlation: -51.47 | EPS CAGR: -2.81% | SUE: 0.97 | # QB: 2
Revenue Correlation: -60.61 | Revenue CAGR: -6.48% | SUE: 0.27 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.45 | Chg30d=+0.070 | Revisions Net=+13 | Analysts=21
EPS current Year (2026-12-31): EPS=2.23 | Chg30d=+0.131 | Revisions Net=+1 | Growth EPS=-24.8% | Growth Revenue=-14.8%
EPS next Year (2027-12-31): EPS=2.73 | Chg30d=+0.204 | Revisions Net=+12 | Growth EPS=+22.7% | Growth Revenue=+10.4%
P/E Forward = 20.7039
P/S = 4.4686
P/B = 5.9951
P/EG = 1.1504
Revenue TTM = 1.47b USD
EBIT TTM = 209.3m USD
EBITDA TTM = 288.0m USD
Long Term Debt = 571.9m USD (from longTermDebt, two quarters ago)
Short Term Debt = 632.2m USD (from shortTermDebt, last quarter)
Debt = 1.20b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 730.1m USD (from netDebt column, last quarter)
Enterprise Value = 6.27b USD (6.58b + Debt 1.20b - CCE 1.51b)
Interest Coverage Ratio = 46.30 (Ebit TTM 209.3m / Interest Expense TTM 4.52m)
EV/FCF = 65.42x (Enterprise Value 6.27b / FCF TTM 95.9m)
FCF Yield = 1.53% (FCF TTM 95.9m / Enterprise Value 6.27b)
FCF Margin = 6.51% (FCF TTM 95.9m / Revenue TTM 1.47b)
Net Margin = 11.69% (Net Income TTM 172.1m / Revenue TTM 1.47b)
Gross Margin = 46.64% ((Revenue TTM 1.47b - Cost of Revenue TTM 786.0m) / Revenue TTM)
Gross Margin QoQ = 44.28% (prev 47.81%)
Tobins Q-Ratio = 1.79 (Enterprise Value 6.27b / Total Assets 3.51b)
Interest Expense / Debt = 0.07% (Interest Expense 829.0k / Debt 1.20b)
Taxrate = 15.96% (32.7m / 204.8m)
NOPAT = 175.9m (EBIT 209.3m * (1 - 15.96%))
Current Ratio = 2.07 (Total Current Assets 2.61b / Total Current Liabilities 1.26b)
Debt / Equity = 1.11 (Debt 1.20b / totalStockholderEquity, last quarter 1.09b)
Debt / EBITDA = 2.54 (Net Debt 730.1m / EBITDA 288.0m)
Debt / FCF = 7.61 (Net Debt 730.1m / FCF TTM 95.9m)
Total Stockholder Equity = 943.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.09% (Net Income 172.1m / Total Assets 3.51b)
RoE = 18.25% (Net Income TTM 172.1m / Total Stockholder Equity 943.3m)
RoCE = 13.82% (EBIT 209.3m / Capital Employed (Equity 943.3m + L.T.Debt 571.9m))
RoIC = 8.39% (NOPAT 175.9m / Invested Capital 2.10b)
WACC = 8.40% (E(6.58b)/V(7.79b) * Re(9.93%) + D(1.20b)/V(7.79b) * Rd(0.07%) * (1-Tc(0.16)))
Discount Rate = 9.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.08%
[DCF Debug] Terminal Value 74.07% ; FCFF base≈249.6m ; Y1≈214.5m ; Y5≈167.8m
Fair Price DCF = 16.05 (EV 2.83b - Net Debt 730.1m = Equity 2.10b / Shares 130.9m; r=8.40% [WACC]; 5y FCF grow -17.08% → 2.90% )
EPS Correlation: -51.47 | EPS CAGR: -2.81% | SUE: 0.97 | # QB: 2
Revenue Correlation: -60.61 | Revenue CAGR: -6.48% | SUE: 0.27 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.45 | Chg30d=+0.070 | Revisions Net=+13 | Analysts=21
EPS current Year (2026-12-31): EPS=2.23 | Chg30d=+0.131 | Revisions Net=+1 | Growth EPS=-24.8% | Growth Revenue=-14.8%
EPS next Year (2027-12-31): EPS=2.73 | Chg30d=+0.204 | Revisions Net=+12 | Growth EPS=+22.7% | Growth Revenue=+10.4%