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ENPH: Shifting Market Dynamics Will Drive New Demand For Residential Solar

Published
21 Aug 24
Updated
30 Oct 25
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AnalystConsensusTarget's Fair Value
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1Y
-54.8%
7D
-1.0%

Author's Valuation

US$40.3825.2% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on 30 Oct 25

Fair value Decreased 5.63%

Analysts have revised their price target for Enphase Energy downward from approximately $42.79 to $40.38. They cited concerns about declining revenue growth and evolving market dynamics, despite recent mixed signals in residential solar demand.

Shared on 04 Sep 25

Global Electrification And Solar Trends Will Open New Markets

Analysts have maintained Enphase Energy’s price target at $42.79 as weaker U.S. residential solar demand, driven by policy uncertainty and expiring tax credits, is offset by potential opportunities in third-party ownership and modestly resilient margins. Analyst Commentary Bearish analysts cited new or accelerated policy changes—particularly expiration and restriction of federal investment tax credits (ITC/PTC/Section 25D) and lease eligibility under the “One Big Beautiful Bill”—as likely to weigh on U.S. residential solar demand and Enphase’s near- and medium-term outlook.

Shared on 07 May 25

Fair value Decreased 28%

Global Electrification And Solar Trends Will Open New Markets

Shared on 30 Apr 25

Fair value Decreased 25%

AI Investment And Battery Diversification Will Expand European Markets

AnalystConsensusTarget has decreased revenue growth from 14.3% to 11.1% and decreased future PE multiple from 26.3x to 23.5x.

Shared on 23 Apr 25

Fair value Decreased 4.05%

AI Investment And Battery Diversification Will Expand European Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 16 Apr 25

Fair value Decreased 3.73%

AI Investment And Battery Diversification Will Expand European Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.88%

AI Investment And Battery Diversification Will Expand European Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 7.92%

AI Investment And Battery Diversification Will Expand European Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 0.53%

AI Investment And Battery Diversification Will Expand European Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 60%

AI Investment And Battery Diversification Will Expand European Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Decreased 9.55%

AI Investment And Battery Diversification Will Expand European Markets

AnalystConsensusTarget made no meaningful changes to valuation assumptions.