ENPH — Enphase Energy, Inc.
Technology · Solar
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.
The renewables & solar complex
The renewables complex spans panel and equipment makers (First Solar, Enphase, SolarEdge, Nextracker, Array), a rooftop installer (Sunrun), and owners of operating wind and solar farms (Brookfield Renewable, and NextEra — which is also a huge Florida utility). These are very different businesses traded as one theme, and the theme is brutally sensitive to two things: interest rates, because projects and rooftop loans run on debt, and policy, because tax credits and tariffs can rewrite the economics overnight. Dispersion inside the group is enormous — a manufacturer with a fat US order book and an installer bleeding cash can sit side by side. Check margins, funding costs and policy exposure name by name before treating any move as a sector signal. Enphase sells microinverters and home batteries for rooftop solar, tightly bound to US residential demand and interest rates.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | ENPH |
| Company | Enphase Energy, Inc. |
| Price | $37.54 |
| Market cap | $5.0B |
| Sector / industry | Technology / Solar |
| Analyst mean target | $47 (27 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~3%/yr earnings growth (modest), on a reverse-DCF of forward earnings ($2.31). Run your own assumptions in the fair-value calculator.
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