pretickt

Is ENPH a good stock to buy?

Enphase Energy, Inc. · end-of-day data as of Nov 13, 2026

Enphase
ENPH · $3.45B
$26.07-2.7%
Nov 13, 2026 · close
$30$40SepOctNov9:3016:003 months -30.6%Nov 13 · close
▲ 2
  • PT$36.29 +39.2%
  • Sector▲ -1.9%
Neutral
  • Earnings in81d
  • P/E38.9x
  • RSI38
  • Resistance+11.9%
  • Off 52w high-64.6%
  • Volume0.5x
  • Bollingerlower half
  • News1.00
  • FCF yield+3.9%
  • P/E vs own-3.2%
  • ConsensusHold · 29
  • Trendsideways
  • 52w range$24–$74
  • ATR+8.1%
  • Off ATH-92.3%
▼ 4
  • P/E vs sector+150.7%
  • Insiders-$8.44M
  • MAs0 of 4
  • MACD-0.05

Updates with the 15-min delayed price. Not a forecast or investment advice.

Is Enphase a good stock to buy?

Enphase is strong on 1 of the 5 questions about the business; weak on demand and economics. The price is low: 38.9 times its earnings, below its 3-year median of 49.2 (Nov 13, 2026). pretickt does not say whether to buy or sell.

  1. Demand shrinking
  2. Advantage some edge
  3. Economics thin margins
  4. Execution mixed
  5. Fragility sturdy
  6. Price below its usual
DemandDo people want more of what it sells?shrinking

ENPH sales growth revenue growth

-14%a year, for the last 3 years

Enphase's sales fell 14% a year for 3 years, to $1.47B in fiscal 2025.

ENPH analysts' forecast revenue estimates

-25%the sales they expect next fiscal year, on the last

Analysts expect Enphase's sales to fall 25% to $1.11B in fiscal 2026 (15 analysts).

ENPH peers

pretickt analysis-20%its sales in 12 months, on a year before

Enphase's sales fell 20% in the 12 months to Sep 30, 2026; Nextpower's grew 14%, First Solar's fell 1%, APA's fell 2% and Uranium Energy's fell 44%.

Advantage moatIs it hard to copy?some edge

ENPH return on capital ROIC

pretickt analysis3%earned before tax on the money invested in it

Enphase earned 3% before tax on the capital invested in it in the 12 months to Sep 30, 2026; Nextpower 44%, APA 37%, First Solar 20% and Uranium Energy -15%.

ENPH margin on each sale gross margin

46%left after making the product

Enphase kept 46% of each sale after making the product in the 12 months to Sep 30, 2026; its peers' median is 34%.

EconomicsDoes it make good money?thin margins

ENPH margin after costs profit margin

4%of sales left after running the business

Enphase's operating margin was 4% in the 12 months to Sep 30, 2026, against 19% in fiscal 2022.

ENPH cash generated free cash flow

$135Mcash left after investing, last 12 months

Enphase generated $135M of free cash flow in the 12 months to Sep 30, 2026, more than its reported profit.

ENPH profit per share

+72%in its last fiscal year

Enphase's earnings per share grew 72% in fiscal 2025, to $1.29.

ExecutionDoes it deliver what it promises?mixed

ENPH earnings vs estimates

4 of 7quarters above the analysts' estimate

Enphase beat the analysts' profit estimate in 4 of 7 quarters, the latest on Oct 27, 2026; 1 quarter the sources disagree on is left out.

ENPH insider selling

-$18.61Msold, net, by its executives in 12 months

Enphase's executives and directors sold a net $18.61M of shares in the 12 months to Nov 13, 2026 ($19.56M sold, $949K bought).

ENPH number of employees

+3%more people in a year

Enphase had 2,872 employees at the end of fiscal 2025, 3% more than a year before.

ENPH CEO pay

$450Kfor fiscal 2025, 0% of it in stock and options

Enphase paid its CEO $450K for fiscal 2025, 0% of it in stock and options.

Fragility risksCould something break it?sturdy

ENPH financial health Altman Z-score

2.3Altman Z-score, safe above 3

Enphase's Altman Z-score is 2.3 (Nov 13, 2026), between 1.8 and 3, the grey zone.

ENPH quality checks Piotroski score

5 of 9checks passed

Enphase passes 5 of the 9 Piotroski checks in the 12 months to Sep 30, 2026; it misses on return on assets, long-term debt, gross margin and sales for its assets.

ENPH shareholders institutional ownership

pretickt analysis
  • BlackRock17.8% ▲
  • Vanguard11.2% ▼
  • State Street3.6% ▲
611institutions hold it; the largest added shares

611 institutions hold 95% of Enphase's shares (Jun 30, 2026); BlackRock and State Street added shares that quarter, Vanguard sold some.

ENPH in past recessions

pretickt analysis+24%its sales in the worst one

Enphase's sales grew through each of the last 2 US recessions (2008–09 and 2020).

Price valuationIs the price reasonable?below its usual

ENPH price vs profit P/E ratio

38.9×a year's earnings

Enphase's P/E ratio is 38.9 (Nov 13, 2026), below its 3-year median of 49.2.

ENPH price vs peers

pretickt analysis38.9×a year's earnings, against its peers

Investors pay 38.9 times Enphase's earnings (Nov 13, 2026), more than for Nextpower (23.9), First Solar (9.9) or APA (7.9).

ENPH analysts' target price target

+39%to their average target

Analysts' average price target for Enphase is $36.29, 39% above the Nov 13, 2026 close of $26.07.

ENPH analyst ratings, 90 days

pretickt analysis
  • Oppenheimerdowngrade
0 up, 1 downratings raised and cut

In the 90 days to Nov 13, 2026, Oppenheimer downgraded Enphase.

ENPH growth priced in fair value

pretickt analysis+10%a year, for ten years, to be worth the price

At $26.07 a share, Enphase's free cash flow must grow about 10% a year for ten years to be worth the price (Nov 13, 2026).

What is Enphase's P/E ratio?

Enphase's P/E ratio is 38.9 (Nov 13, 2026), below its 3-year median of 49.2. Investors pay 38.9 times Enphase's earnings (Nov 13, 2026), more than for Nextpower (23.9), First Solar (9.9) or APA (7.9).

Is Enphase profitable?

Enphase's operating margin was 4% in the 12 months to Sep 30, 2026, against 19% in fiscal 2022. Enphase generated $135M of free cash flow in the 12 months to Sep 30, 2026, more than its reported profit.

Who is dumping Enphase stock?

Enphase's executives and directors sold a net $18.61M of shares in the 12 months to Nov 13, 2026 ($19.56M sold, $949K bought).

Who owns Enphase stock?

611 institutions hold 95% of Enphase's shares (Jun 30, 2026); BlackRock and State Street added shares that quarter, Vanguard sold some.

How many employees does Enphase have?

Enphase had 2,872 employees at the end of fiscal 2025, 3% more than a year before.

From the companies' statements (FMP), their filings read by pretickt, the analysts and the insiders, as of Nov 13, 2026. Each card says what a fact means for its question, never what to do with the stock: for information only, not investment advice.