Enphase Energy (ENPH)
NASDAQInformation TechnologySolarSnapshot 2026-10-30
$25.65-0.81%
Close 2026-10-30 · 1-day change
NASDAQInformation TechnologySolarSnapshot 2026-10-30
Research Workspace
Put ENPH beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Semiconductor Materials & Equipment is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Management is running behind on a stated commitment.
View ThesisRevenue is contracting — down about 20% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 65% in its worst 12-month stretch.
View RiskENPH’s IQ Solid-State Transformer for AI data centers offers a growth engine, while earnings quality remains robust. The latest Q3 2026 non-GAAP earnings beat, but revenue growth evidence is absent. ENPH trades at 17× P/E versus the 38× peer median and its 18× historical multiple. The price reflects less growth than our forecast, yet a sharp single-session drop flags thesis repricing. The next-quarter miss probability is 32%; management is also behind on a stated commitment. Peer multiples imply a price about 13% above where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-30. ENPH is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 31 analysts currently covering ENPH (as of Oct 2026).
Based on 15 Wall Street analysts offering 12-month price targets for ENPH in the last 4 months.
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Compare ENPH with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ENPH Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Semiconductor Materials & Equipment — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put ENPH next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Manage gross margin and operating expenses
Poor results, weak guidance, and price cuts pressure margins and outlook.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $25.65
The last 12 months of price, then the range of analyst 12-month targets from today’s $25.65.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Threatens: Manage gross margin and operating expenses
A Q3 miss and disappointing guidance pressure operating performance and management's cost objective.
Threatens: Manage gross margin and operating expenses
Missing quarterly earnings and revenue estimates signals weaker execution against cost and operating objectives.
Threatens: Manage gross margin and operating expenses
Downgrade citing weak demand signals headwinds for Enphase growth and margin management.
Threatens: Manage gross margin and operating expenses
Lower residential demand is a real demand headwind, though the headline provides no supporting detail.
Advances: Expand product portfolio across batteries, commercial solar, and EV charging
A 50% battery growth plan supports portfolio expansion, while Q4 guidance frames near-term execution.
Threatens: Improve gross margin and manage operating expenses
Weaker-than-expected guidance and results challenge margin and operating performance objectives.
Advances: Develop and commercialize IQ Solid-State Transformer (IQ SST)
Demonstrates progress commercializing IQ SST, with AI data centers offering a potential growth market.
