Enphase Energy, Inc.

NasdaqGM:ENPH Stock Report

Market Cap: US$6.1b

Enphase Energy Future Growth

Future criteria checks 5/6

Enphase Energy is forecast to grow earnings and revenue by 27.8% and 10.1% per annum respectively. EPS is expected to grow by 24.9% per annum. Return on equity is forecast to be 25% in 3 years.

Key information

27.8%

Earnings growth rate

24.9%

EPS growth rate

Semiconductor earnings growth22.9%
Revenue growth rate10.1%
Future return on equity25.0%
Analyst coverage

Good

Last updated25 Apr 2025

Recent future growth updates

Enphase Energy, Inc. Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next

Apr 24
Enphase Energy, Inc. Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next

Enphase Energy, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 06
Enphase Energy, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Earnings Miss: Enphase Energy, Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: Enphase Energy, Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts

Recent updates

Enphase Energy, Inc. Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next

Apr 24
Enphase Energy, Inc. Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next

Enphase Energy: Mediocre Quarter, Muted Outlook - Hold

Apr 23

Enphase Energy: Dropping My Price Target, But Shares Washed Out

Apr 16

Unpleasant Surprises Could Be In Store For Enphase Energy, Inc.'s (NASDAQ:ENPH) Shares

Mar 27
Unpleasant Surprises Could Be In Store For Enphase Energy, Inc.'s (NASDAQ:ENPH) Shares

Enphase: The Solar King Will Return

Mar 09

Enphase Energy, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 06
Enphase Energy, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Enphase Energy (NASDAQ:ENPH) Seems To Use Debt Quite Sensibly

Feb 05
Enphase Energy (NASDAQ:ENPH) Seems To Use Debt Quite Sensibly

Enphase: Buy When Others Question If Sunny Days Will Ever Reappear

Feb 03

Enphase: Challenges Mount As Solar Industry Could Face More Headwinds In 2025

Jan 20

Enphase: Floor Yet To Be Found - More Uncertainties Ahead (Rating Downgrade)

Dec 31

Enphase: Ready To Shine Again

Dec 17

Here's What's Concerning About Enphase Energy's (NASDAQ:ENPH) Returns On Capital

Nov 25
Here's What's Concerning About Enphase Energy's (NASDAQ:ENPH) Returns On Capital

Enphase Energy: Risks Already Priced In

Nov 20

Enphase Energy, Inc. (NASDAQ:ENPH) May Have Run Too Fast Too Soon With Recent 30% Price Plummet

Nov 07
Enphase Energy, Inc. (NASDAQ:ENPH) May Have Run Too Fast Too Soon With Recent 30% Price Plummet

Enphase Energy: Disappointing, But Not As Bad As It Seems

Nov 01
author-image

Narrative update from Goran Damchevski

Oct 29Enphase is slowly recovering sales from the drop in the last 12-months. I maintain that 2024 will be a down year, and the company will start recovering in 2025.

Enphase Energy: Sell On Weak Near-Term Outlook (Rating Downgrade)

Oct 23

Enphase Q3 Preview: Almost Out Of The Woods

Oct 13

Is Enphase Energy, Inc. (NASDAQ:ENPH) Trading At A 50% Discount?

Oct 01
Is Enphase Energy, Inc. (NASDAQ:ENPH) Trading At A 50% Discount?

Enphase: Stay Calm And Keep On Loading Up

Sep 24

If Interest Rates Drop, Enphase's Global Expansion Could Skyrocket

Sep 09

Enphase Is Rightfully Expensive For Three Great Reasons

Aug 23
author-image

Gallium Nitride Innovations And Global Expansion Set To Skyrocket Revenue And Margins

Aug 21 Introduction of IQ9 microinverters with gallium nitride promises higher output power at lower costs, suggesting potential for increased revenue and improved gross margins.

Enphase: Losing The Battery War

Aug 13

Enphase Energy: A Positive Signal For Better Times Ahead

Aug 05

Earnings Miss: Enphase Energy, Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: Enphase Energy, Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts

Enphase Energy: Another Mediocre Quarter And Outlook - Hold

Jul 24

Is Enphase Energy (NASDAQ:ENPH) A Risky Investment?

Jul 21
Is Enphase Energy (NASDAQ:ENPH) A Risky Investment?

Enphase: Set To Dominate The Industry

Jul 11

Enphase: 3 Reasons Why I Own Shares - Profitability Is One Of Them

Jun 30

Enphase Energy, Inc. (NASDAQ:ENPH) Not Lagging Market On Growth Or Pricing

Jun 27
Enphase Energy, Inc. (NASDAQ:ENPH) Not Lagging Market On Growth Or Pricing

Enphase Energy: Still Time To Double Down

Jun 17

Enphase Energy: Target Price Downgrade Reflects Fundamentals

Jun 10

Enphase Energy: Market Wants An Irrational Rally

May 30

Still No Need To Buy Enphase Energy Stock

May 24

Returns At Enphase Energy (NASDAQ:ENPH) Appear To Be Weighed Down

May 22
Returns At Enphase Energy (NASDAQ:ENPH) Appear To Be Weighed Down
author-image

Narrative update from Goran Damchevski

Apr 30Enphase reported Q1 sales of $263.3M, with a non-GAAP gross margin of 46.2%, down from 50% QoQ. Sales decreased by 13% QoQ, and 64% YoY. The European market seems to be a better opportunity for Enphas

Is There An Opportunity With Enphase Energy, Inc.'s (NASDAQ:ENPH) 25% Undervaluation?

Apr 28
Is There An Opportunity With Enphase Energy, Inc.'s (NASDAQ:ENPH) 25% Undervaluation?

Enphase Energy: Projected Recovery Fails To Impress, Hold

Apr 24

Enphase Energy's Stock Has Plenty More Room To Tank

Apr 07
author-image

Market Leadership Amidst Increasing Competition Won't Hurt Solid Revenue Growth

Mar 28Electricity prices, incentives (tax credits, net metering) and technology advancements will drive sales.

Enphase Energy: Not A Good Investment In Uncertain Times

Mar 13

Enphase Energy: The Perfect Time To Buy

Mar 05

Why Enphase Probably Bottomed Already

Feb 21

Enphase: Still Struggling, But Upgrading On Vastly Improved Market Sentiment

Feb 08

Earnings and Revenue Growth Forecasts

NasdaqGM:ENPH - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20271,87336744561320
12/31/20261,64424744553437
12/31/20251,45011729440732
3/31/20251,423148472513N/A
12/31/20241,330103480514N/A
9/30/20241,25061336382N/A
6/30/20241,420130297358N/A
3/31/20241,828276404500N/A
12/31/20232,291439586697N/A
9/30/20232,713572808915N/A
6/30/20232,796573865957N/A
3/31/20232,616492832889N/A
12/31/20222,331397698745N/A
9/30/20222,019296545588N/A
6/30/20221,736203466514N/A
3/31/20221,522166324379N/A
12/31/20211,382145300352N/A
9/30/20211,234166291339N/A
6/30/20211,061183254293N/A
3/31/202187197226253N/A
12/31/2020774134196216N/A
9/30/2020720178215234N/A
6/30/2020721169152172N/A
3/31/2020730227144161N/A
12/31/2019624161124139N/A
9/30/2019507453039N/A
6/30/2019405113541N/A
3/31/2019346-42630N/A
12/31/2018316-12N/A16N/A
9/30/2018304-15N/A12N/A
6/30/2018303-19N/A3N/A
3/31/2018301-27N/A-1N/A
12/31/2017286-45N/A-28N/A
9/30/2017297-55N/A-31N/A
6/30/2017309-67N/A-49N/A
3/31/2017313-72N/A-42N/A
12/31/2016323-67N/A-33N/A
9/30/2016298-70N/A-20N/A
6/30/2016312-51N/A-6N/A
3/31/2016335-35N/A-25N/A
12/31/2015357-22N/A-21N/A
9/30/2015397-6N/A-20N/A
6/30/2015393-6N/A-3N/A
3/31/2015373-8N/A8N/A
12/31/2014344-8N/A24N/A
9/30/2014306-11N/A23N/A
6/30/2014269-18N/A11N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENPH's forecast earnings growth (27.8% per year) is above the savings rate (2.8%).

Earnings vs Market: ENPH's earnings (27.8% per year) are forecast to grow faster than the US market (14.1% per year).

High Growth Earnings: ENPH's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ENPH's revenue (10.1% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: ENPH's revenue (10.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ENPH's Return on Equity is forecast to be high in 3 years time (25%)

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/27 07:01
End of Day Share Price 2025/04/25 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Enphase Energy, Inc. is covered by 68 analysts. 37 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Christine ChoBarclays
Ameet ThakkarBMO Capital Markets Equity Research