Enphase Energy (ENPH)
Technology · NASDAQ · US
Price as at 1 Oct 2026, 19:59 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Enphase Energy trades at $32.81, which is 45% above the $17.93 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 40 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 44.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ENPH earnings and analyst estimates
Recommendation mix, 31 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
ENPH passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
12 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$229.25M · 0.2% of book
- David Greenspan, Slate Path Capital LP$127.39M · 1.8% of book
- Philippe Laffont, COATUE MANAGEMENT LLC$76.66M · 0.2% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$71.07M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$34.71M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in ENPH
We hold 6 disclosed trades in ENPH by members of Congress and executive-branch officials. The latest 5:
- Donald J Trump · Executive branchSell · $15,001 - $50,000 · traded 30 Apr 2026 · disclosed 1 Jul 2026
- Donald J Trump · Executive branchSell · $15,001 - $50,000 · traded 29 Jul 2024 · disclosed 22 Sept 2026
- Daniel Goldman · HouseSell · $1,001 - $15,000 · traded 10 Apr 2023 · disclosed 19 May 2023
- Daniel Goldman · HouseBuy · $1,001 - $15,000 · traded 6 Mar 2023 · disclosed 17 Apr 2023
- Daniel Goldman · HouseSell · $1,001 - $15,000 · traded 3 Feb 2023 · disclosed 20 Mar 2023
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
ENPH peers
The largest companies in the same industry, then in the same sector.
- NVDA NVIDIA Corporation
- AAPL Apple Inc.
- MSFT Microsoft Corporation
- 2330.TW TSMC
- AVGO Broadcom Inc.
- 005930.KS Samsung Electronics
- MU Micron Technology, Inc.
- 000660.KS SK Hynix
Every technology company we cover is on the Technology hub.
Common questions
Is Enphase Energy (ENPH) undervalued?
Against our fair value estimate of $17.93, ENPH at $32.81 is 45% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own ENPH?
12 of the institutions we track reported a position in ENPH in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is ENPH's P/E ratio?
ENPH trades at 44.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its ENPH data?
Fundamentals for ENPH come from company filings and exchange data, as listed on NASDAQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 19:59 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for ENPH, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.