Enphase Energy (ENPH)
Information Technology · Residential solar inverters and energy management systems
Enphase Energy builds integrated home solar, battery storage, and EV charging systems managed through a unified cloud platform, serving residential customers globally through an installer and distributor channel.
What Enphase Energy does
Enphase Energy is a global energy technology company that designs, develops, manufactures and sells home energy solutions—including microinverters, batteries, load controllers, and EV chargers—that manage solar generation, energy storage, and communication on a unified intelligent platform. The company has shipped approximately 86.4 million microinverters and deployed more than 5.1 million residential and commercial systems across over 160 countries. Its systems take a semiconductor-based, networked approach to solar generation and storage, enabling homeowners to monitor and control their energy from any device via cloud-based software.
Themes: ["Solar microinverters","Home solar energy systems","Residential energy storage / batteries","Energy management and monitoring platforms","EV charging infrastructure","Renewable energy / clean energy","Grid services and demand response"]
Fundamentals
- Price$44.89 as of 2026-07-09 close
- Market cap$5.7B as of 2026-07-10
- 1-year return+4.8% as of 2026-07-09 close
- P/E42.00 as of 2026-07-10
- Net margin+9.6% as of 2026-07-10
- Gross margin+45.3% as of 2026-07-10
- ROE+13.3% as of 2026-07-10
- Debt / equity0.52 as of 2026-07-10
- Revenue growth (YoY)-1.6% as of 2026-07-10
- Revenue CAGR (3y)-14.2% SEC XBRL
- Beta1.66 as of 2026-07-10
Key risks (from latest filing)
["Revenue declining year-over-year (-1.64% YoY) while operating as an unprofitable company in Q1 2026 (net loss of $7.4M), indicating competitive or demand pressures in the residential solar market","Supply chain and manufacturing complexity across multiple product categories (microinverters, batteries, chargers, load controllers) with exposure to semiconductor sourcing risks and rising component costs","Reliance on installer and distributor partner networks as the primary customer interface; any deterioration in installer relationships, consolidation of distributors, or channel conflicts could impact sales velocity and market reach"]
Competitors & peers
- SolarEdge Technologies (SEDG)
- Generac Holdings (GNRC)
- First Solar (FSLR)
- Sunrun (RUN)
- Tesla Energy (TSLA)
- Sunnova Energy International (NOVA)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.