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StockVS

NASDAQ · Solar · USD

Enphase Energy, Inc. (ENPH) Stock Analysis

Enphase Energy, Inc. (ENPH) is a Solar stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

ENPH

$31.99

−$0.24 (−0.74%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ENPH Key Statistics

As of Oct 21, 2026
Trading
Open
$32.71
Previous Close
$32.23
Day's Range
31.62–32.90
52-Week Range
25.78–73.74
Volume
3.22M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.63
Valuation
Market Cap
$4.23B
P/E Ratio
31.99
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
14.86
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.75
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.18
EPS (ttm)Profit attributable to each share over the last twelve months.
1.00
Financials (FY)
Revenue (FY)
$1.47B+10.72%
Net Income (FY)
$172.13M+67.68%
Profit marginThe share of revenue left as profit after all costs and taxes.
10.09%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
132.14M
1-Year Return
−13.75%
Dividend and dates
Earnings Date
October 27, 2026
Avg Volume
4.63M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, ENPH closed at $31.99, −13.75% over 1 year.

Enphase Energy, Inc. (ENPH) has a market capitalization of $4.23B.

In fiscal 2025, ENPH reported revenue of $1.47B.

ENPH Stock Return by Calendar Year

Enphase Energy, Inc. (ENPH) 10-year return: what $10,000 became

1 year
$10,000 $8,625
−13.75%
5 years
$10,000 $1,779
−82.21%
10 years
$10,000 $275,776
+2,657.76%

If you had invested $10,000 in Enphase Energy, Inc. (ENPH) 10 years ago, at the close on October 21, 2016, it would have been worth $275,776 at the close on October 21, 2026: +2,657.76% in total, +39.33% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−0.19%
2025−53.33%
2024−48.02%
2023−50.13%
2022+44.83%
2021+4.26%
2020+571.53%
2019+452.43%
2018+96.27%
2017+138.61%
2016 (partial year)−47.67%

As of October 21, 2026.

ENPH Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$1.47B$172.13M11.7%
2024$1.33B$102.66M7.7%
2023$2.29B$438.94M19.2%
2022$2.33B$397.36M17.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.47B$687.00M$164.66M$172.13M11.7%
2024$1.33B$629.14M$90.45M$102.66M7.7%
2023$2.29B$1.06B$461.43M$438.94M19.2%
2022$2.33B$974.60M$450.65M$397.36M17.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

ENPH Valuation vs Solar Median

Median of 22 stocks
MetricENPHSolar medianvs median
P/E31.9914.20125% above
P/S ratio3.180.486.6x the median
Profit margin10.09%−3.77%13.9 pts above

Medians across 22 Solar stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Enphase Energy, Inc. (ENPH) is capitalised at $4.23B on the latest close. The company sits in the Technology sector, in the Solar industry. Headcount on file is 2,872.

ENPH last closed at $31.99 on October 21, 2026. That is −$0.24 (−0.74%) against the previous close. The 52-week range on file runs from $25.78 to $73.74. The latest close sits 24.09% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $1.47B. Against the prior fiscal year total of $1.33B, that is a change of +10.72%. Net income for the same year was $172.13M. That is +67.68% against the prior fiscal year. Profit margin runs at 10.09%. That is 13.9 percentage points above the Solar median of −3.77%. Earnings per share on a trailing basis come to 1.

Across the 4 fiscal years on file, revenue moves from $2.33B in 2022 to $1.47B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 31.99. That is 125.28% above the Solar median of 14.2. The forward P/E on file is 14.86. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.75. Measured against sales, the shares trade at 3.18 times revenue. On price-to-sales that is 6.6 times the Solar median of 0.48. The medians here are taken across 22 Solar companies that report the metric.

Beta against the wider market is reported at 1.63. Annualized volatility over the trailing 10 years is 77.81%. Over the trailing twelve months the total return is −13.75%. Measured over 10 years, that is +39.33% a year compounded.

Growth & Income

No dividend is on file for ENPH.

2026 is still running; the total return is −0.19% year to date. Across the complete calendar years on file, 2020 returned +571.53% and 2025 returned −53.33%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Enphase Energy, Inc. (ENPH) operates in the Solar industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Enphase Energy, Inc. ENPH $4.23B 32.0
First Solar, Inc. FSLR $18.79B 10.8
Nextpower Inc. NXT $12.56B 21.1
SolarEdge Technologies, Inc. SEDG $2.04B —

The Solar industry average P/E ratio is 14.2x. Enphase Energy, Inc. trades at a P/E of 32.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Enphase Energy, Inc.

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 design, proposal, permitting, installation and solar appointment generation services, and Enphase Care 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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