Why did Enphase Energy (ENPH) stock move recently?

On 8/4/2026, Enphase Energy moved +6.1% — Enphase shares rose with the solar sector on pro-solar policy hopes. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Enphase Energy (ENPH) overvalued or fairly valued?

MarketChacha shows Enphase Energy's valuation in context — a trailing P/E of about 43.5, a forward P/E of about 17.8, a price-to-book of about 4.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Enphase Energy's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.89×) from reported figures — education, not a rating.

What is Enphase Energy's revenue?

Enphase Energy reported revenue of $1.5B for FY2025, with net profit of $172.1M, per official filings.

What is the share price of Enphase Energy (ENPH)?

Enphase Energy last traded at $40.92 (-2.3% on the day), as of 8/10/2026 — a delayed quote shown for education, not investment advice.

Enphase Energy

ENPH · NYSE · Technology · United States

Snapshot

TickerENPH

ExchangeNYSE

SectorTechnology

IndustrySolar

CountryUnited States

Employees2,872

HeadquartersFremont, United States

Websitewww.enphase.com

Filings tracked14

About Enphase Energy

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.

Who owns it

Insiders3.0%
Institutions97.0%
Public & other0.0%

777 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.17.75%
Vanguard Portfolio Management LLC7.31%
Alyeska Investment Group, L.p.4.42%
Vanguard Capital Management LLC4.29%
Two Sigma Investments, LP4.14%
State Street Corporation3.59%
Invesco Ltd.2.79%
Holocene Advisors, LP2.54%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 7.5 points over the period — profitability is trending down.

Cash conversion1.89×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend19.2% → 11.7%

Margin has compressed by about 7.5 points over the period — profitability is trending down.

Return on equity15.8%

Latest ROE of 15.8% — capital is generating a healthy return.

Growth qualityrev -20% · PAT -37%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $301.8M · EPS 0.52

Est. earnings growth -26.9%

Next fiscal year

Rev $1.3B · EPS 2.30

Est. earnings growth +14.4%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.5B

Net margin

11.7%

ROE

15.8%

Revenue CAGR (2y)

-19.8%

Profit CAGR (2y)

-37.4%

EPS (FY2025)

1.29

Net profit (FY2025)

$172.1M

Ask MarketChacha about ENPH

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Aug 4, 2026
Enphase shares rose with the solar sector on pro-solar policy hopes.
source 1 ↗· confidence: high
Jul 28, 2026
Enphase shares fell with the broader solar sector amid persistent weakness in U.S. residential solar demand and ahead of its Q2 2026 earnings report.
source 1 ↗source 2 ↗· confidence: medium
Jul 24, 2026
ENPH fell 5.63% with no clear company-specific catalyst reported today; the move appears to reflect broader market or solar sector weakness amid ongoing concerns over U.S. residential demand.
source 1 ↗source 2 ↗· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.5B	$172.1M	1.29	11.7%	15.8%
FY2024	$1.3B	$102.7M	0.75	7.7%	12.3%
FY2023	$2.3B	$438.9M	3.08	19.2%	44.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$282.9M	$-7.4M	-0.06	-2.6%
2025Q3	$410.4M	$66.6M	0.50	16.2%
2025Q2	$363.2M	$37.1M	0.28	10.2%
2025Q1	$356.1M	$29.7M	0.22	8.3%
2024Q3	$380.9M	$45.8M	0.33	12.0%
2024Q2	$303.5M	$10.8M	0.08	3.6%
2024Q1	$263.3M	$-16.1M	-0.12	-6.1%
2023Q3	$551.1M	$114.0M	0.80	20.7%
2023Q2	$711.1M	$157.2M	1.09	22.1%
2023Q1	$726.0M	$146.9M	1.02	20.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Reg FD disclosure, Exhibits
SEC8/10/2026material
8-K — Results of operations, Exhibits
SEC7/28/2026material
10-Q filing
SEC7/28/2026
8-K — Other events
SEC6/18/2026material
8-K — Executive/director change
SEC6/15/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/15/2026material
8-K — Results of operations, Exhibits
SEC4/28/2026material
10-Q filing
SEC4/28/2026
8-K — Results of operations, Other events
SEC4/6/2026material
10-K filing
SEC2/17/2026
8-K — Results of operations, Exhibits
SEC2/3/2026material
8-K — Reg FD disclosure
SEC1/23/2026material

2025

8-K — Results of operations, Exhibits
SEC10/28/2025material
10-Q — FORM 10-Q Q3 2025
SEC10/28/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.