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Enphase Energy Inc (ENPH)



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Upturn Advisory Summary
09/15/2025: ENPH (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $42.79
1 Year Target Price $42.79
11 | Strong Buy |
5 | Buy |
19 | Hold |
1 | Sell |
4 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -65.33% | Avg. Invested days 15 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.92B USD | Price to earnings Ratio 29.17 | 1Y Target Price 42.79 |
Price to earnings Ratio 29.17 | 1Y Target Price 42.79 | ||
Volume (30-day avg) 40 | Beta 1.51 | 52 Weeks Range 29.89 - 126.19 | Updated Date 09/14/2025 |
52 Weeks Range 29.89 - 126.19 | Updated Date 09/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.29 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.78% | Operating Margin (TTM) 11.1% |
Management Effectiveness
Return on Assets (TTM) 3.74% | Return on Equity (TTM) 19.8% |
Valuation
Trailing PE 29.17 | Forward PE 14.71 | Enterprise Value 4598765512 | Price to Sales(TTM) 3.32 |
Enterprise Value 4598765512 | Price to Sales(TTM) 3.32 | ||
Enterprise Value to Revenue 3.1 | Enterprise Value to EBITDA 15.45 | Shares Outstanding 130751000 | Shares Floating 126429458 |
Shares Outstanding 130751000 | Shares Floating 126429458 | ||
Percent Insiders 3.29 | Percent Institutions 96.15 |
Upturn AI SWOT
Enphase Energy Inc

Company Overview
History and Background
Enphase Energy Inc. was founded in 2006. It pioneered the microinverter-based solar-plus-storage systems, evolving from a pure-play microinverter supplier to a provider of complete home energy management solutions.
Core Business Areas
- Microinverters: Enphase's core business focuses on designing, developing, manufacturing, and selling microinverters for solar energy systems. These convert DC power from solar panels to AC power.
- Energy Storage: Enphase offers energy storage solutions, including AC batteries, which allow homeowners and businesses to store solar energy for later use or grid services.
- Software and Services: Enphase provides software platforms for system monitoring, control, and optimization. They also offer support services for installers and end-users.
Leadership and Structure
The CEO of Enphase Energy is Badri Kothandaraman. The company has a functional organizational structure with departments focusing on engineering, sales, marketing, operations, and finance.
Top Products and Market Share
Key Offerings
- IQ Microinverters: Enphase's IQ series microinverters are its flagship product. They are known for their reliability, efficiency, and safety features. Enphase holds a significant market share in the microinverter market, estimated to be around 40-45%. Competitors include SolarEdge and SMA Solar Technology.
- Enphase Energy Storage: Enphase offers AC-coupled battery systems for residential and commercial use. Market share is growing, although still smaller than microinverters. Competitors include Tesla (TSLA), Generac (GNRC), and LG Chem.
- Enphase Cloud: A software platform that enables monitoring and control of energy systems. Enphase uses the cloud for remote updates and troubleshooting.
Market Dynamics
Industry Overview
The solar energy industry is experiencing rapid growth, driven by increasing environmental awareness, government incentives, and decreasing costs of solar technology. The energy storage market is also expanding as homeowners and businesses seek to increase energy independence and resilience.
Positioning
Enphase is a leading provider of microinverter-based solar-plus-storage systems. Its competitive advantages include its technological innovation, strong brand reputation, and extensive installer network.
Total Addressable Market (TAM)
The global solar energy market is projected to reach hundreds of billions of dollars in the coming years. Enphase is well-positioned to capture a significant share of this market with its microinverter and energy storage solutions.
Upturn SWOT Analysis
Strengths
- Technological Innovation
- Strong Brand Reputation
- Extensive Installer Network
- High Product Reliability
- Leading Market Position in Microinverters
Weaknesses
- High Price Point Compared to String Inverters
- Dependence on the Solar Energy Market
- Supply Chain Vulnerabilities
- Sensitivity to Changes in Government Policy and Incentives
Opportunities
- Expansion into New Geographic Markets
- Development of New Energy Storage Products
- Integration with Smart Home Technologies
- Increasing Demand for Energy Independence
- Partnerships with Utilities and Energy Providers
Threats
- Increased Competition from String Inverter Manufacturers
- Fluctuations in Raw Material Prices
- Changes in Government Policy and Incentives
- Economic Downturns Affecting Consumer Spending
- Technological Disruptions
Competitors and Market Share
Key Competitors
- SEDG
- FSLR
- RUN
Competitive Landscape
Enphase's advantages include its technological innovation, strong brand reputation, and extensive installer network. However, it faces competition from lower-cost string inverter manufacturers and other microinverter providers like SolarEdge.
Major Acquisitions
Cliq Energies
- Year: 2023
- Acquisition Price (USD millions): 19.5
- Strategic Rationale: Enphase seeks to expand its installer base and market reach, particularly in the rapidly growing clean energy sector.
GreenCom Networks AG
- Year: 2022
- Acquisition Price (USD millions): 33
- Strategic Rationale: Acquisition to expand into Europe, offering a comprehensive platform for managing distributed energy assets and boosting Enphaseu2019s presence in the European market.
Growth Trajectory and Initiatives
Historical Growth: Enphase has experienced rapid growth in recent years, driven by the increasing adoption of solar energy and its strong competitive position in the microinverter market.
Future Projections: Analysts project continued strong growth for Enphase, driven by increasing demand for its products and services. Projections vary depending on analyst and market conditions.
Recent Initiatives: Recent initiatives include the expansion of its manufacturing capacity, the development of new energy storage products, and the expansion into new geographic markets.
Summary
Enphase is a strong company with a leading position in the microinverter market and growing presence in energy storage. Their technology and brand are key strengths. They need to watch out for increasing competition and changes in government policies, while capitalizing on opportunities to expand into new markets and integrate with smart home technologies.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
- Market Research Reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market conditions and company performance can change rapidly. Please conduct your own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Enphase Energy Inc
Exchange NASDAQ | Headquaters Fremont, CA, United States | ||
IPO Launch date 2012-03-30 | President, CEO & Director Mr. Badrinarayanan Kothandaraman | ||
Sector Technology | Industry Solar | Full time employees 2781 | Website https://www.enphase.com |
Full time employees 2781 | Website https://www.enphase.com |
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 Gateway and IQ Energy Router; cloud-based Enlighten monitoring service; and electric vehicle charging solutions, as well as design, proposal, permitting, and lead generation services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

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