Market Summary
USD201.10-4.66
Delayed-2.26%
ENPH Stock Price
ENPH RSI Chart
ENPH Valuation
ENPH Price/Sales (Trailing)
ENPH Profitability
ENPH Fundamentals
ENPH Revenue
ENPH Earnings
Price Action
52 Week Range
128.67339.92
(Low)(High)
Last 7 days
-5.7%
Last 30 days
-3.2%
Last 90 days
-34.5%
Trailing 12 Months
25.0%
ENPH Financial Health
ENPH Investor Care
Peers (Alternatives to Enphase Energy)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NVDA | 629.8B | 27.0B | 11.20% | 5.54% | 144.19 | 23.35 | 0.22% | -55.21% |
AVGO | 265.4B | 34.4B | 4.15% | 7.21% | 23.09 | 7.71 | 20.74% | 70.65% |
TXN | 161.7B | 20.0B | -1.31% | 3.38% | 18.48 | 8.07 | 9.18% | 12.61% |
AMD | 155.7B | 23.6B | 7.88% | -17.97% | 117.97 | 6.6 | 43.61% | -58.25% |
INTC | 124.9B | 63.1B | -0.49% | -34.58% | 15.58 | 1.98 | -20.21% | -59.66% |
FSLR | 22.0B | 2.6B | 21.50% | 171.10% | -498.6 | 8.41 | -10.40% | -109.42% |
LSCC | 12.7B | 660.4M | 8.09% | 61.41% | 71.08 | 19.25 | 28.14% | 86.49% |
| MID-CAP | ||||||||
AMKR | 6.2B | 7.1B | -10.56% | 13.59% | 8.04 | 0.87 | 15.53% | 19.10% |
POWI | 4.8B | 651.1M | -1.79% | -5.91% | 28.27 | 7.42 | -7.41% | 3.92% |
| SMALL-CAP | ||||||||
ICHR | 874.5M | 1.3B | -18.13% | -13.35% | 12.01 | 0.68 | 16.70% | 2.69% |
SGH | 785.5M | 1.8B | -10.38% | -36.92% | 15.09 | 0.43 | 8.07% | 32.37% |
CEVA | 710.2M | 134.6M | -13.31% | -20.71% | -30.63 | 5.27 | 9.73% | -5954.29% |
AOSL | 709.2M | 794.4M | -14.88% | -47.69% | 8.96 | 0.89 | 9.29% | -82.10% |
MX | 398.4M | 337.7M | -11.62% | -43.15% | -49.57 | 1.18 | -28.80% | -114.17% |
Financials for Enphase Energy
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 15.5% | 2,331 | 2,019 | 1,736 | 1,522 | 1,382 |
| Cost Of Revenue | 13.8% | 1,356 | 1,192 | 1,036 | 913 | 828 |
| Gross Profit | 17.8% | 975 | 827 | 700 | 608 | 554 |
| Operating Expenses | 10.1% | 526 | 478 | 449 | 392 | 339 |
| S&GA Expenses | 10.5% | 215 | 195 | 179 | 151 | 129 |
| R&D Expenses | 12.0% | 169 | 151 | 136 | 119 | 106 |
| EBITDA | 28.0% | 520 | 406 | 306 | 263 | - |
| EBITDA Margin | 10.9% | 0.22* | 0.20* | 0.18* | 0.17* | - |
| Earnings Before Taxes | 35.2% | 452 | 334 | 226 | 180 | 121 |
| EBT Margin | 17.1% | 0.19* | 0.17* | 0.13* | 0.12* | - |
| Interest Expenses | -52.4% | 9.00 | 20.00 | 30.00 | 41.00 | 45.00 |
| Net Income | 34.2% | 397 | 296 | 203 | 166 | 145 |
| Net Income Margin | 16.2% | 0.17* | 0.15* | 0.12* | 0.11* | - |
| Free Cahsflow | 28.1% | 698 | 545 | 467 | 324 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 14.3% | 3,084 | 2,698 | 2,437 | 2,263 | 2,079 |
| Current Assets | 14.2% | 2,264 | 1,983 | 1,736 | 1,559 | 1,462 |
| Cash Equivalents | 40.2% | 473 | 338 | 495 | 252 | 119 |
| Inventory | 2.2% | 150 | 146 | 130 | 96.00 | 74.00 |
| Net PPE | 21.3% | 111 | 92.00 | 87.00 | 85.00 | 82.00 |
| Goodwill | 1191.5% | 214 | 17.00 | 197 | 196 | 181 |
| Liabilities | 8.2% | 2,259 | 2,088 | 1,986 | 1,932 | 1,649 |
| Current Liabilities | 16.0% | 638 | 550 | 480 | 454 | 440 |
| Long Term Debt | 0.2% | 1,288 | 1,286 | 1,284 | 1,038 | - |
| LT Debt, Current | 1.4% | 91.00 | 90.00 | 88.00 | 87.00 | 86.00 |
| LT Debt, Non Current | 0.1% | 1,199 | 1,199 | 1,198 | 1,197 | 952 |
| Shareholder's Equity | 35.3% | 826 | 610 | 451 | 331 | 430 |
| Retained Earnings | 112.7% | 17.00 | -136 | -251 | -328 | -405 |
| Additional Paid-In Capital | 7.5% | 819 | 762 | 713 | 667 | 838 |
| Accumulated Depreciation | - | 77.00 | - | - | - | - |
| Shares Outstanding | 0.4% | 136 | 136 | 135 | 135 | 134 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 26.6% | 745 | 588 | 514 | 379 | 352 |
| Share Based Compensation | 13.9% | 217 | 190 | 185 | 147 | 114 |
| Cashflow From Investing | 54.1% | -371 | -810 | -1,008 | -1,089 | -1,219 |
| Cashflow From Financing | 94.7% | -17.13 | -320 | -319 | -524 | 309 |
| Buy Backs | -100.0% | 0.00 | 600 | 600 | 500 | - |
Risks for ENPH
What is the probability of a big loss on ENPH?
98.1%
Probability that Enphase Energy stock will be more than 20% underwater in next one year
96.2%
Probability that Enphase Energy stock will be more than 30% underwater in next one year.
78.1%
Probability that Enphase Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ENPH drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Enphase Energy was unfortunately bought at previous high price.
Drawdowns
Returns for ENPH
Cumulative Returns on ENPH
42.7%
10-Year Cumulative Returns
87.1%
7-Year Cumulative Returns
112.8%
5-Year Cumulative Returns
84.3%
3-Year Cumulative Returns
What are the long-term rolling returns for ENPH?
FIve years rolling returns for Enphase Energy.
Annualized Returns
Which funds bought or sold ENPH recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -1.04 | -96,923 | 1,644,080 | 0.05% |
2023-03-10 | BAILLIE GIFFORD & CO | reduced | -10.1 | -46,792 | 278,208 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 6.67 | 1,264,160 | 69,041,200 | 0.07% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 349 | 8,270,000 | 10,779,000 | 0.05% |
2023-03-06 | NORTH STAR ASSET MANAGEMENT INC | unchanged | - | -25,071 | 538,929 | 0.03% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 279,532 | 279,532 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | sold off | -100 | - | - | -% |
2023-03-01 | Regal Investment Advisors LLC | reduced | -0.98 | -19,578 | 348,422 | 0.03% |
2023-02-28 | Voya Investment Management LLC | reduced | -50.43 | -1,221,510,000 | 272,502,000 | 0.38% |
2023-02-27 | Parallax Volatility Advisers, L.P. | new | - | 13,915,400 | 13,915,400 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Enphase Energy News
Schedule 13G FIlings of Enphase Energy
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | blackrock inc. | 10.5% | 14,309,484 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.54% | 15,686,222 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 10.4% | 14,133,449 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 10.4% | 14,133,449 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 11.1% | 14,961,479 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 11.1% | 14,961,479 | SC 13G/A | |
| May 06, 2021 | jpmorgan chase & co | 2.4% | 3,392,437 | SC 13G/A | |
| Feb 23, 2021 | goldberg capital management | 0.06% | 18,750 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.27% | 12,977,583 | SC 13G/A |
ENPH Fair Value
Enphase Energy fair value in different scenarios
The table shows the Fair Value estimates for Enphase Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 81.75 -59.35% | 105.55 -47.51% | 221.22 10.00% | 365.17 81.59% | 612.53 204.59% |
| Current Inflation | 75.13 -62.64% | 95.64 -52.44% | 195.87 -2.60% | 318.50 58.38% | 529.15 163.13% |
| Very High Inflation | 66.88 -66.74% | 83.53 -58.46% | 165.65 -17.63% | 263.80 31.18% | 432.33 114.98% |
Historical Enphase Energy Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Enphase Energy
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 13, 2023 | 10-K | Annual Report |
Latest Insider Trading transactions for ENPH
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-10 | Yang Mandy | sold (taxes) | -1,083,680 | 210 | -5,155 | vp, chief financial officer |
2023-03-08 | Kothandaraman Badrinarayanan | acquired | - | - | 26,400 | president & ceo |
2023-03-08 | RANHOFF DAVID A | acquired | - | - | 4,950 | evp & chief commercial officer |
2023-03-08 | Yang Mandy | acquired | - | - | 8,580 | vp, chief financial officer |
2023-03-03 | MORA RICHARD | sold | -965,775 | 214 | -4,500 | - |
2023-03-03 | MORA RICHARD | acquired | 24,885 | 5.53 | 4,500 | - |
2023-03-01 | Yang Mandy | sold (taxes) | -3,083,730 | 212 | -14,481 | vp, chief financial officer |
2023-03-01 | RANHOFF DAVID A | sold (taxes) | -3,751,540 | 212 | -17,617 | evp & chief commercial officer |
2023-03-01 | McNeil Jeff | sold (taxes) | -4,466,200 | 212 | -20,973 | evp & chief operating officer |
2023-02-21 | RANHOFF DAVID A | sold | -1,524,360 | 203 | -7,500 | evp & chief commercial officer |
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, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. 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.
ENPH Income Statement
2022-09-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
| Income Statement [Abstract] | ||||
| Net revenues | $ 634,713 | $ 351,519 | $ 1,606,201 | $ 969,330 |
| Cost of revenues | 366,797 | 211,161 | 942,307 | 578,222 |
| Gross profit | 267,916 | 140,358 | 663,894 | 391,108 |
| Operating expenses: | ||||
| Research and development | 44,188 | 29,411 | 119,163 | 73,937 |
| Sales and marketing | 55,257 | 39,296 | 150,189 | 84,504 |
| General and administrative | 32,436 | 34,300 | 102,647 | 74,530 |
| Restructuring charges | 594 | 0 | 594 | 0 |
| Total operating expenses | 132,475 | 103,007 | 372,593 | 232,971 |
| Income from operations | 135,441 | 37,351 | 291,301 | 158,137 |
| Other income (expense), net | ||||
| Interest income | 3,680 | 110 | 4,936 | 281 |
| Interest expense | (2,255) | (12,628) | (7,159) | (32,463) |
| Other (expense) income, net | (2,611) | 874 | (5,208) | 814 |
| Loss on partial settlement of convertible notes | 0 | 0 | 0 | (56,382) |
| Total other expense, net | (1,186) | (11,644) | (7,431) | (87,750) |
| Income before income taxes | 134,255 | 25,707 | 283,870 | 70,387 |
| Income tax (provision) benefit | (19,443) | (3,898) | (40,261) | 22,471 |
| Net income | $ 114,812 | $ 21,809 | $ 243,609 | $ 92,858 |
| Net income per share: | ||||
| Basic (in USD per share) | $ 0.85 | $ 0.16 | $ 1.80 | $ 0.69 |
| Diluted (in USD per share) | $ 0.80 | $ 0.15 | $ 1.70 | $ 0.65 |
| Shares used in per share calculation: | ||||
| Basic (in shares) | 135,633 | 134,721 | 135,056 | 133,719 |
| Diluted (in shares) | 145,962 | 141,220 | 144,058 | 143,091 |
ENPH Balance Sheet
2022-09-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 337,583 | $ 119,316 |
| Marketable securities | 1,079,713 | 897,335 |
| Accounts receivable, net of allowances of $594 and $1,590 at September 30, 2022 and December 31, 2021, respectively | 367,647 | 333,626 |
| Inventory | 146,451 | 74,400 |
| Prepaid expenses and other assets | 51,270 | 37,784 |
| Total current assets | 1,982,664 | 1,462,461 |
| Property and equipment, net | 91,801 | 82,167 |
| Operating lease, right of use asset, net | 18,128 | 14,420 |
| Intangible assets, net | 90,924 | 97,758 |
| Goodwill | 195,508 | 181,254 |
| Other assets | 140,439 | 118,726 |
| Deferred tax assets, net | 178,371 | 122,470 |
| Total assets | 2,697,835 | 2,079,256 |
| Current liabilities: | ||
| Accounts payable | 92,823 | 113,767 |
| Accrued liabilities | 255,800 | 157,912 |
| Deferred revenues, current | 79,609 | 62,670 |
| Warranty obligations, current (includes $28,120 and $14,612 measured at fair value at September 30, 2022 and December 31, 2021, respectively) | 32,350 | 19,395 |
| Debt, current | 89,654 | 86,052 |
| Total current liabilities | 550,236 | 439,796 |
| Long-term liabilities: | ||
| Deferred revenues, non-current | 239,971 | 187,186 |
| Warranty obligations, non-current (includes $55,434 and $36,395 measured at fair value at September 30, 2022 and December 31, 2021, respectively) | 73,530 | 53,982 |
| Other liabilities | 25,418 | 16,530 |
| Debt, non-current | 1,198,627 | 951,594 |
| Total liabilities | 2,087,782 | 1,649,088 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Common stock, $0.00001 par value, 300,000 shares authorized; and 135,857 shares and 133,894 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively | 1 | 1 |
| Additional paid-in capital | 762,012 | 837,924 |
| Accumulated deficit | (136,418) | (405,737) |
| Accumulated other comprehensive loss | (15,542) | (2,020) |
| Total stockholders’ equity | 610,053 | 430,168 |
| Total liabilities and stockholders’ equity | $ 2,697,835 | $ 2,079,256 |
| Common stock, shares authorized (in shares) | 300,000,000 | 300,000,000 |