YOLFTbeta
Enphase Energy Inc

Enphase Energy Inc

ENPH · NASDAQ · Technology / Solar

26.07USD-0.71 (-2.65%)

Price History

Full chart

Market Stats

Previous Close26.78
Open26.50
Day Range25.42 – 26.63
52-Week Range23.83 – 73.74
Volume3.77M
Market Cap3.92B
P/E (TTM)30.37
Forward P/E13.14
EPS0.98
Dividend Yield0.00%
Beta1.63
50-Day Avg34.40
200-Day Avg41.09

About

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 Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Badrinarayanan Kothandaraman
  • Employees2.87K
  • Headquarters47281 Bayside Parkway, Fremont, CA, United States, 94538, USA
  • Websitehttps://www.enphase.com

Leadership

  • Mr. Badrinarayanan KothandaramanPresident, CEO & Director · b. 1973
  • Ms. Mandy Yang CPAEVP & CFO · b. 1976
  • Mr. Martin FornageCo-Founder · b. 1964
  • Mr. Raghuveer R. BelurSVP, Co-founder & Chief Products Officer · b. 1968
  • Mr. Ron SwensonSenior VP of Operations & VP of Supply Chain
  • Ms. Mary ErginsoyVP & Chief Accounting Officer · b. 1984
  • Mr. Hans Van AntwerpenSVP & CTO
  • Mr. Zachary FreedmanHead of Investor Relations
  • Ms. Lisan HungSenior VP, General Counsel & Corporate Secretary · b. 1969
  • Mr. Sabbas A. DanielSenior VP of Quality & Sales · b. 1963

Financials

Income Statement

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.67M20.19M61.66M149.52M216.68M232.85M343.90M357.25M322.59M286.17M316.16M624.33M774.42M1.38B2.33B2.29B1.33B1.47B
Growth (%)-+1110.67%+205.34%+142.49%+44.91%+7.46%+47.70%+3.88%-9.70%-11.29%+10.48%+97.47%+24.04%+78.46%+68.65%-1.72%-41.92%+10.72%
Cost of Revenue7.47M23.22M55.16M120.45M161.39M165.43M230.86M249.03M264.58M230.12M221.71M403.09M428.44M827.63M1.36B1.23B701.25M785.98M
Gross Profit-5.81M-3.03M6.50M29.07M55.29M67.42M113.04M108.22M58.01M56.04M94.44M221.25M345.98M554.42M974.60M1.06B629.14M687.00M
Gross Margin-348.14%-15.00%10.54%19.44%25.52%28.95%32.87%30.29%17.98%19.58%29.87%35.44%44.68%40.12%41.81%46.20%47.29%46.64%
Operating Expense8.89M13.66M27.22M57.78M86.45M89.57M117.47M127.53M120.71M95.42M92.85M118.52M159.54M338.59M526.33M612.65M551.85M522.35M
Operating Income-14.70M-16.69M-20.72M-28.71M-31.16M-22.16M-4.43M-19.31M-62.70M-39.38M1.60M102.73M186.44M215.83M448.26M445.74M77.29M164.66M
Operating Margin-881.12%-82.67%-33.60%-19.20%-14.38%-9.52%-1.29%-5.40%-19.44%-13.76%0.50%16.45%24.07%15.62%19.23%19.46%5.81%11.18%
EBITDA-14.16M-15.89M-19.31M-26.25M-25.56M-16.01M2.84M-9.66M-52.58M-28.13M10.13M113.92M158.51M196.93M520.26M445.74M210.45M230.15M
EBITDA Margin-848.92%-78.69%-31.32%-17.56%-11.80%-6.88%0.82%-2.70%-16.30%-9.83%3.20%18.25%20.47%14.25%22.32%19.46%15.82%15.62%
Net Income-14.50M-16.93M-21.78M-32.29M-38.22M-25.91M-8.05M-22.08M-67.46M-45.19M-11.63M161.15M134.00M145.45M397.36M438.94M102.66M172.13M
Net Income Margin-869.36%-83.81%-35.32%-21.60%-17.64%-11.13%-2.34%-6.18%-20.91%-15.79%-3.68%25.81%17.30%10.52%17.05%19.16%7.72%11.69%
R&D5.35M8.41M14.30M25.10M35.60M34.52M45.39M50.82M50.70M33.16M32.59M40.38M55.92M105.53M168.85M227.34M201.31M189.07M
R&D as % of Total Revenue320.98%41.65%23.18%16.79%16.43%14.83%13.20%14.23%15.72%11.59%10.31%6.47%7.22%7.64%7.24%9.92%15.13%12.84%
Interest Expense9.00K356.00K914.00K3.01M6.44M2.06M1.86M501.00K2.77M7.94M9.63M9.69M21.00M45.15M9.44M8.84M8.90M4.52M
Interest Expense % of Total Revenue0.54%1.76%1.48%2.01%2.97%0.88%0.54%0.14%0.86%2.77%3.05%1.55%2.71%3.27%0.40%0.39%0.67%0.31%

Balance Sheet

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-20.95M59.50M104.76M122.29M116.67M152.19M165.53M163.58M169.15M339.94M713.22M1.20B2.08B3.08B3.38B3.25B3.51B
Total Liabilities-7.32M21.02M71.67M65.64M76.46M105.24M124.08M162.28M178.27M332.16M441.01M716.11M1.65B2.26B2.40B2.42B2.42B
Total Equity-13.63M38.48M33.09M56.66M40.21M46.95M41.45M1.30M-9.13M7.78M272.21M483.99M430.17M825.57M983.62M833.02M1.09B
Cash-8.64M39.99M51.52M45.29M38.19M42.03M28.45M17.76M29.14M106.24M251.41M679.38M119.32M473.24M288.75M369.11M474.32M
Total Debt-411.00K6.90M14.68M11.06M8.68M8.68M17.00M33.90M49.75M109.78M108.71M350.62M1.05B1.31B1.32B1.33B1.24B
Net Debt--8.23M-33.09M-36.85M-34.23M-29.51M-42.03M-11.45M16.14M20.61M3.55M-142.70M-328.76M934.08M841.56M1.03B962.13M769.47M

Cash Flow

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-12.23M-18.89M-17.85M-367.00K-44.65M-872.00K24.22M-21.16M-32.95M-28.44M16.13M139.07M216.33M352.03M744.82M696.78M513.69M136.54M
Investing Cash Flow-2.62M-2.12M-3.26M-14.66M-12.99M-6.26M-16.53M-12.46M-11.79M-4.12M-19.15M-14.79M-25.57M-1.22B-371.91M-366.36M128.27M106.79M
Financing Cash Flow16.44M25.52M52.47M26.48M51.44M-58.00K-3.34M20.56M34.38M43.30M80.61M65.85M191.68M309.41M-17.13M-516.77M-460.27M-241.62M
Capital Expenditure2.31M2.17M3.26M14.66M12.99M6.26M14.00M12.76M12.85M4.12M4.15M14.79M20.56M52.51M46.44M110.40M33.60M40.64M
Free Cash Flow-14.55M-21.06M-21.11M-15.03M-57.63M-7.13M10.22M-33.92M-45.80M-32.56M11.98M124.28M195.78M299.52M698.37M586.38M480.09M95.90M
Dividends Paid----000000-26.61M11.62M228.28M----
FCF to OCF118.91%111.49%118.27%4095.10%129.10%817.55%42.21%160.31%138.98%114.49%74.27%89.37%90.50%85.08%93.76%84.16%93.46%70.24%
Dividend Paid to FCF----0.00%0.00%0.00%0.00%0.00%0.00%-21.41%5.93%76.22%----

Earnings

Report DateMay 10, 2012Aug 7, 2012Nov 7, 2012Feb 26, 2013May 7, 2013Aug 6, 2013Nov 5, 2013Feb 18, 2014May 6, 2014Aug 5, 2014Nov 4, 2014Feb 17, 2015May 6, 2015Aug 4, 2015Nov 3, 2015Feb 23, 2016May 4, 2016Aug 2, 2016Nov 1, 2016Feb 28, 2017May 9, 2017Aug 8, 2017Nov 7, 2017Feb 27, 2018May 1, 2018Jul 31, 2018Nov 6, 2018Feb 26, 2019Apr 30, 2019Jul 30, 2019Oct 29, 2019Feb 18, 2020May 5, 2020Aug 4, 2020Oct 27, 2020Feb 9, 2021Apr 27, 2021Jul 27, 2021Oct 26, 2021Feb 8, 2022Apr 26, 2022Jul 26, 2022Oct 25, 2022Feb 7, 2023Apr 25, 2023Jul 27, 2023Oct 26, 2023Feb 6, 2024Apr 23, 2024Jul 23, 2024Oct 22, 2024Feb 4, 2025Apr 22, 2025Jul 22, 2025Oct 28, 2025Feb 3, 2026Apr 28, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate-0.37-0.33-0.21-0.19-0.23-0.12-0.10-0.03-0.13-0.020.070.03-0.080.010.02-0.22-0.33-0.29-0.24-0.12-0.15-0.07-0.05-0.01-0.040.010.040.060.050.130.250.330.320.140.240.400.440.420.490.590.690.851.091.261.221.271.000.550.390.480.780.750.720.620.660.580.450.160.18
EPS Actual-5.38-0.19-0.18-0.12-0.21-0.12-0.09-0.02-0.10-0.010.080.07-0.070.060.08-0.25-0.34-0.30-0.28-0.15-0.18-0.08-0.010.01-0.010.020.040.040.080.180.300.390.380.170.300.510.560.530.600.730.791.071.251.511.371.471.020.540.350.430.650.940.680.690.900.710.470.140.19
Surprise-1354.05%42.42%14.29%36.84%8.70%0.00%10.00%33.33%23.08%50.00%14.29%133.33%12.50%500.00%300.00%-13.64%-3.03%-3.45%-16.67%-25.00%-20.00%-14.29%80.00%200.00%75.00%100.00%0.00%-33.33%60.00%38.46%20.00%18.18%18.75%21.43%25.00%27.50%27.27%26.19%22.45%23.73%14.49%25.88%14.68%19.84%12.30%15.75%2.00%-1.82%-10.26%-10.42%-16.67%25.33%-5.56%11.29%36.36%22.41%4.44%-12.50%5.56%
TimingAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.92B
Enterprise Value3.66B
Trailing P/E30.37
Forward P/E13.14
PEG Ratio0.75
Price / Sales2.96
Price / Book3.39
EPS0.98
Book Value8.94
Revenue (TTM)1.33B
Gross Profit (TTM)399.04M
EBITDA191.79M
Profit Margin10.09%
Operating Margin17.98%
Return on Equity13.00%
Return on Assets2.38%
Shares Outstanding131.80M
Shares Float128.14M
Beta1.63
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 29 analystsTarget 49.13
  • Strong Buy
    10
  • Buy
    3
  • Hold
    14
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
96.50%
Insiders
3.03%
Retail / Other
0.47%

Top Institutional Holders

  • BlackRock Inc
    23.45M17.75%
  • Vanguard Portfolio Management, LLC
    9.07M6.86%
  • Vanguard Capital Management, LLC
    5.73M4.34%
  • State Street Corp
    4.75M3.59%
  • Two Sigma Investments LLC
    4.66M3.52%
  • Amvescap Plc.
    3.66M2.77%
  • Gilder Gagnon Howe & CO LLC
    3.48M2.63%
  • Slate Path Capital LP
    2.59M1.96%
  • JPMorgan Chase & Co
    2.42M1.83%
  • Morgan Stanley - Brokerage Accounts
    2.41M1.82%
  • Geode Capital Management, LLC
    2.39M1.81%
  • First Trust Advisors L.P.
    2.28M1.73%
  • Handelsbanken Fonder AB
    2.11M1.60%
  • Sam Sustainable Asset Management Ltd
    2.06M1.56%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    7.87M5.96%
  • iShares Global Clean Engy Trns ETF $Dist
    4.32M3.27%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.99M3.02%
  • iShares Global Clean Energy ETF
    2.83M2.15%
  • Vanguard Small Cap Index
    2.82M2.14%
  • Vanguard Information Technology ETF
    2.51M1.90%