Key facts, as of
As of October 7, 2026, Enphase Energy (ENPH) trades at $33.91, down 8.7% over the past year. Its 52-week range runs from $25.78 to $73.74; the price is 54.0% below that high. It is 90.0% below its all-time high of $339.92, reached in December 2022. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +2695.8%, against +312.9% for the S&P 500 (SPY). It sits 17.8% below its 200-day average of $41.25, the usual sign of a long-term downtrend. Its 30-day volatility is 38.6% annualized, which we rate high risk. It has a trailing P/E of 33.9.
Cite: Portfolio Terminal, "Enphase Energy (ENPH) stock analysis", 2026-10-07. https://portfolio-terminal.com/analyse/enph
Where it trades today
trading 17% of the way up its 52-week range
How the price has moved
How far it is from its record
Enphase Energy (ENPH) is 90.0% below its all-time high of $339.92, reached in December 2022. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +2695.8%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Execution usually depends on product cycles, cloud demand, and how efficiently new AI or software capex converts into durable revenue.
- ENPH trades at 33.9x earnings, well above the technology average of 28.5x, so the market is already pricing in above-consensus execution.
- Recent realized volatility is running around 38.6%, above the sector norm of 28.0%, so position sizing matters more than usual.
- ENPH remains in a bearish short-term trend and sits 54.0% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- ENPH is more useful for investors comparing conviction names inside technology than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- It is best monitored alongside valuation discipline, because strong narratives in technology can stay expensive longer than expected.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in ENPH.
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
Methodology
- Price, market cap, beta, yield, and liquidity fields for ENPH come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Technology so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as AAPL, MSFT, NVDA.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for ENPH. Last refresh: Oct 7, 2026, 9:55 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as AAPL, MSFT, NVDA.
What Enphase Energy does
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories; IQ Battery and related accessories; IQ PowerPack 1500 and related accessories; IQ Combiner, IQ Gateway, and IQ Energy Router; cloud-based monitoring service; and electric vehicle charging solutions, as well as…
What analysts expect
ENPH carries a buy consensus from 26 analysts, with an average price target of $51.47 versus $33.91 today (+51.8%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
ENPH generated $1.33B in trailing revenue (-19.6% year over year), with a 10.1% net margin, and $78.32M of free cash flow, supported by $324.34M of net cash.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $1.47B | $687.00M | $164.66M | $172.13M | $1.31 | $95.90M |
| 2024 | $1.33B | $629.14M | $90.45M | $102.66M | $0.76 | $480.09M |
| 2023 | $2.29B | $1.06B | $461.43M | $438.94M | $3.22 | $586.38M |
| 2022 | $2.33B | $974.60M | $450.64M | $397.36M | $2.94 | $698.37M |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
ENPH is in 2 of the 30 ETFs we track. It weighs most in VGT: 0.05% of the fund, holding #165 of 318.
How it sits in technology
High-growth sector driven by innovation, cloud computing, AI, and digital transformation.
The companies it competes with
ENPH beside the technology names it is usually measured against.
What the chart is saying
In a downtrend, with $30.44 the next floor.
downtrend- Price is 7.9% below its 50-day average and 17.8% below its 200-day.
- The 50-day crossed below the 200-day on 2026-09-03 (a “death cross”).
- RSI at 45 is neither stretched nor washed out.
- The nearest ceiling is $35.20 (+3.8%), the nearest floor $30.44 (-10.2%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is ENPH a good investment in 2026?
Enphase Energy trades at a P/E ratio of 33.9, with high volatility (38.6% annualized). Recent trend shows weakness.
What is the risk level of ENPH?
Based on 30-day volatility of 38.6%, ENPH has HIGH risk. Beta of 1.63 indicates higher sensitivity to market movements than average.
Does ENPH pay dividends?
Enphase Energy currently does not pay a regular dividend.
How far is ENPH from its all-time high?
Enphase Energy is 90.0% below its all-time high of $339.92, reached in December 2022. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +2695.8%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold ENPH?
2 of the 30 popular ETFs we track hold Enphase Energy. The largest weights: VGT (0.05%) and VTI (<0.01%). Measured on each issuer's full holdings file, dated August 31, 2026.
What is the analyst price target for ENPH?
The average analyst price target for Enphase Energy (ENPH) is $51.47 based on 26 analyst estimates, about 51.8% above the current price of $33.91. The published range runs from $27.00 to $212.00.
How much revenue does ENPH generate?
Enphase Energy reported $1.33B in trailing twelve-month revenue. Revenue growth is running at -19.6% year over year. Net margin sits at 10.1%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare ENPH with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.