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ENPH 
Enphase Energy Inc (ENPH)
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Upturn Advisory Summary
12/08/2025: ENPH (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
40 Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
1 Year Target Price $38.47
1 Year Target Price $38.47
| 11 | Strong Buy |
| 5 | Buy |
| 19 | Hold |
| 1 | Sell |
| 4 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -69.09% | Avg. Invested days 15 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/08/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.09B USD | Price to earnings Ratio 21.4 | 1Y Target Price 38.47 |
Price to earnings Ratio 21.4 | 1Y Target Price 38.47 | ||
Volume (30-day avg) 40 | Beta 1.42 | 52 Weeks Range 25.77 - 76.90 | Updated Date 12/7/2025 |
52 Weeks Range 25.77 - 76.90 | Updated Date 12/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.46 |
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 12.93% | Operating Margin (TTM) 16.43% |
Management Effectiveness
Return on Assets (TTM) 3.93% | Return on Equity (TTM) 20.31% |
Valuation
Trailing PE 21.4 | Forward PE 14.75 | Enterprise Value 3820802906 | Price to Sales(TTM) 2.7 |
Enterprise Value 3820802906 | Price to Sales(TTM) 2.7 | ||
Enterprise Value to Revenue 2.53 | Enterprise Value to EBITDA 11.84 | Shares Outstanding 130859709 | Shares Floating 126746788 |
Shares Outstanding 130859709 | Shares Floating 126746788 | ||
Percent Insiders 3.33 | Percent Institutions 95.19 |
Upturn AI SWOT
Enphase Energy Inc
Company Overview
History and Background
Enphase Energy Inc. was founded in 2006 by Martin Fornage, Raghu Nandan, and Mark Lumsden. The company is a pioneer in microinverter technology for solar energy systems. Key milestones include the launch of its first commercial microinverter in 2008, its IPO in 2012, and the subsequent expansion of its product line to include battery storage, EV charging, and energy management software, evolving into a comprehensive home energy solutions provider.
Core Business Areas
- Residential Solar: Design, manufacturing, and sale of microinverters, battery storage systems, and smart energy management software for residential solar installations.
- Commercial Solar: Provision of microinverter and energy management solutions for small to medium-sized commercial solar projects.
- Energy Storage: Development and sale of integrated battery storage solutions that work seamlessly with their microinverter systems to provide backup power and grid services.
- EV Charging: Offering smart EV charging solutions that integrate with their home energy systems, allowing for optimized charging based on solar production and grid pricing.
Leadership and Structure
Enphase Energy is led by a management team with significant experience in the renewable energy and technology sectors. Key leadership roles include CEO, CTO, CFO, and heads of various operational and strategic divisions. The company operates with a matrix structure, aligning product development, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- Enphase IQ Microinverters: These convert DC electricity from solar panels to AC electricity, offering module-level power optimization, monitoring, and safety. They are a core component of Enphase's solar solutions. Competitors include SolarEdge Technologies (SE), Hoymiles Power Electronics, and APsystems.
- Enphase IQ Battery: Integrated battery storage solutions that store excess solar energy for later use, providing backup power during outages and enabling participation in grid services. Competitors include Tesla (TSLA), Generac (GNRC), and LG Energy Solution.
- Enphase Energy Management System (EMS): This includes the Enphase App and Enlighten software for monitoring and controlling home energy systems, optimizing energy usage, and interacting with the grid. Competitors include SolarEdge, Generac, and various smart home energy management platforms.
- Enphase IQ Charger: A smart EV charger that integrates with the Enphase Energy System, allowing users to charge their electric vehicles using solar power or at off-peak times. Competitors include ChargePoint and Tesla.
Market Dynamics
Industry Overview
The renewable energy sector, particularly residential and commercial solar, is experiencing robust growth driven by declining costs of solar technology, increasing demand for clean energy, government incentives, and growing consumer awareness of climate change. The energy storage market is also expanding rapidly as consumers seek energy independence and backup power. The EV charging infrastructure market is also growing significantly with the increasing adoption of electric vehicles.
Positioning
Enphase Energy is positioned as a premium provider of integrated home energy solutions, differentiating itself through its advanced microinverter technology, comprehensive system approach (solar, storage, EV charging, software), and strong emphasis on reliability and safety. Its ecosystem approach aims to create a sticky customer base and recurring revenue opportunities.
Total Addressable Market (TAM)
The global solar energy market is projected to reach hundreds of billions of dollars in the coming years, with significant portions dedicated to residential and commercial installations. The energy storage market is also expected to grow exponentially, reaching tens of billions of dollars. Enphase Energy, by offering an integrated solution encompassing solar, storage, and EV charging, addresses a substantial and growing portion of this TAM, aiming to capture a significant share through its holistic approach.
Upturn SWOT Analysis
Strengths
- Leading microinverter technology with a strong patent portfolio.
- Integrated ecosystem of solar, storage, EV charging, and software solutions.
- Strong brand reputation for reliability and safety in the solar industry.
- Global manufacturing and distribution network.
- Commitment to innovation and continuous product development.
Weaknesses
- Higher upfront cost of their integrated systems compared to some competitors.
- Reliance on third-party solar installers for deployment.
- Susceptibility to supply chain disruptions for critical components.
- Competition from larger, more diversified energy companies.
Opportunities
- Growing demand for renewable energy and energy independence.
- Increasing adoption of electric vehicles and demand for smart charging solutions.
- Expansion into new geographic markets.
- Leveraging government incentives and supportive policies for clean energy.
- Further integration of smart home and grid-interactive capabilities.
Threats
- Intensifying competition from established and emerging players.
- Changes in government policies and incentives that could impact demand.
- Economic downturns affecting consumer spending on home improvements.
- Raw material price volatility and supply chain challenges.
- Technological obsolescence if competitors develop superior solutions.
Competitors and Market Share
Key Competitors
- SolarEdge Technologies Inc. (SEDG)
- Generac Holdings Inc. (GNRC)
- Tesla Inc. (TSLA)
Competitive Landscape
Enphase Energy's competitive advantage lies in its integrated ecosystem and advanced microinverter technology, offering a differentiated and reliable solution. However, it faces intense competition from SolarEdge, which offers a similar but distinct inverter architecture and optimizer technology. Generac is a strong competitor in the energy storage and backup power market. Tesla competes with its Powerwall battery storage and integrated solar solutions. Enphase's higher price point can be a disadvantage against more cost-sensitive competitors.
Growth Trajectory and Initiatives
Historical Growth: Enphase Energy has experienced impressive historical growth, transitioning from a niche microinverter provider to a comprehensive energy solutions company. Its revenue and profitability have grown substantially over the past decade, fueled by product innovation and market expansion.
Future Projections: Analysts generally project continued strong revenue growth for Enphase Energy, driven by the expanding solar and energy storage markets, the increasing adoption of its integrated solutions, and international market penetration. Projections for future earnings per share are also typically positive, though subject to market dynamics and competitive pressures.
Recent Initiatives: Recent initiatives include expanding manufacturing capabilities globally, developing new generations of microinverters and batteries, enhancing its software platform for greater intelligence and grid interaction, and increasing its focus on the commercial solar and EV charging markets.
Summary
Enphase Energy is a strong player in the growing renewable energy market, excelling in integrated home energy solutions with its advanced microinverter technology. Its ecosystem approach and focus on reliability are significant strengths. However, it faces stiff competition and must navigate supply chain challenges and potential policy shifts. Continued innovation and market expansion are crucial for maintaining its growth trajectory.
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Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (SEC)
- Industry Market Research Reports
- Financial News and Analysis Websites
- Company Official Website
Disclaimers:
This JSON output is generated based on publicly available information and AI analysis. It is intended for informational purposes only and does not constitute financial advice. Investors should conduct their 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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