Enphase Energy Management
Management criteria checks 3/4
Enphase Energy's CEO is Badri Kothandaraman, appointed in Sep 2017, has a tenure of 8.17 years. total yearly compensation is $12.63M, comprised of 3.6% salary and 96.4% bonuses, including company stock and options. directly owns 1.25% of the company’s shares, worth $47.20M. The average tenure of the management team and the board of directors is 3.8 years and 8.5 years respectively.
Key information
Badri Kothandaraman
Chief executive officer
US$12.6m
Total compensation
| CEO salary percentage | 3.56% |
| CEO tenure | 8.2yrs |
| CEO ownership | 1.3% |
| Management average tenure | 3.8yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Why Enphase's Collapse Looks Overdone
Nov 03Risks Still Elevated At These Prices As Enphase Energy, Inc. (NASDAQ:ENPH) Shares Dive 29%
Aug 07
Enphase Energy's (NASDAQ:ENPH) Performance Is Even Better Than Its Earnings Suggest
Jul 30Is Enphase Energy, Inc. (NASDAQ:ENPH) Potentially Undervalued?
Jul 16With A 31% Price Drop For Enphase Energy, Inc. (NASDAQ:ENPH) You'll Still Get What You Pay For
Jun 18Are Investors Undervaluing Enphase Energy, Inc. (NASDAQ:ENPH) By 39%?
May 23We Discuss Why Enphase Energy, Inc.'s (NASDAQ:ENPH) CEO Compensation May Be Closely Reviewed
May 07Enphase Energy, Inc. Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next
Apr 24Enphase Energy: Mediocre Quarter, Muted Outlook - Hold
Apr 23Enphase Energy: Dropping My Price Target, But Shares Washed Out
Apr 16Unpleasant Surprises Could Be In Store For Enphase Energy, Inc.'s (NASDAQ:ENPH) Shares
Mar 27Enphase: The Solar King Will Return
Mar 09Enphase Energy, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Feb 06Enphase Energy (NASDAQ:ENPH) Seems To Use Debt Quite Sensibly
Feb 05Enphase: Buy When Others Question If Sunny Days Will Ever Reappear
Feb 03Enphase: Challenges Mount As Solar Industry Could Face More Headwinds In 2025
Jan 20Enphase: Floor Yet To Be Found - More Uncertainties Ahead (Rating Downgrade)
Dec 31Enphase: Ready To Shine Again
Dec 17Here's What's Concerning About Enphase Energy's (NASDAQ:ENPH) Returns On Capital
Nov 25Enphase Energy: Risks Already Priced In
Nov 20Enphase Energy, Inc. (NASDAQ:ENPH) May Have Run Too Fast Too Soon With Recent 30% Price Plummet
Nov 07Enphase Energy: Disappointing, But Not As Bad As It Seems
Nov 01
Narrative update from Goran Damchevski
Enphase 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 23Enphase Q3 Preview: Almost Out Of The Woods
Oct 13Is Enphase Energy, Inc. (NASDAQ:ENPH) Trading At A 50% Discount?
Oct 01Enphase: Stay Calm And Keep On Loading Up
Sep 24If Interest Rates Drop, Enphase's Global Expansion Could Skyrocket
Sep 09Enphase Is Rightfully Expensive For Three Great Reasons
Aug 23
Gallium Nitride Innovations And Global Expansion Set To Skyrocket Revenue And Margins
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 13Enphase Energy: A Positive Signal For Better Times Ahead
Aug 05Earnings Miss: Enphase Energy, Inc. Missed EPS By 24% And Analysts Are Revising Their Forecasts
Jul 26Enphase Energy: Another Mediocre Quarter And Outlook - Hold
Jul 24Is Enphase Energy (NASDAQ:ENPH) A Risky Investment?
Jul 21Enphase: Set To Dominate The Industry
Jul 11Enphase: 3 Reasons Why I Own Shares - Profitability Is One Of Them
Jun 30Enphase Energy, Inc. (NASDAQ:ENPH) Not Lagging Market On Growth Or Pricing
Jun 27Enphase Energy: Still Time To Double Down
Jun 17Enphase Energy: Target Price Downgrade Reflects Fundamentals
Jun 10Enphase Energy: Market Wants An Irrational Rally
May 30Still No Need To Buy Enphase Energy Stock
May 24Returns At Enphase Energy (NASDAQ:ENPH) Appear To Be Weighed Down
May 22Narrative update from Goran Damchevski
Enphase 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 EnphasIs There An Opportunity With Enphase Energy, Inc.'s (NASDAQ:ENPH) 25% Undervaluation?
Apr 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$196m |
| Jun 30 2025 | n/a | n/a | US$175m |
| Mar 31 2025 | n/a | n/a | US$148m |
| Dec 31 2024 | US$13m | US$450k | US$103m |
| Sep 30 2024 | n/a | n/a | US$61m |
| Jun 30 2024 | n/a | n/a | US$130m |
| Mar 31 2024 | n/a | n/a | US$276m |
| Dec 31 2023 | US$20m | US$450k | US$439m |
| Sep 30 2023 | n/a | n/a | US$572m |
| Jun 30 2023 | n/a | n/a | US$573m |
| Mar 31 2023 | n/a | n/a | US$492m |
| Dec 31 2022 | US$17m | US$450k | US$397m |
| Sep 30 2022 | n/a | n/a | US$296m |
| Jun 30 2022 | n/a | n/a | US$203m |
| Mar 31 2022 | n/a | n/a | US$166m |
| Dec 31 2021 | US$19m | US$450k | US$145m |
| Sep 30 2021 | n/a | n/a | US$166m |
| Jun 30 2021 | n/a | n/a | US$183m |
| Mar 31 2021 | n/a | n/a | US$97m |
| Dec 31 2020 | US$5m | US$450k | US$134m |
| Sep 30 2020 | n/a | n/a | US$178m |
| Jun 30 2020 | n/a | n/a | US$169m |
| Mar 31 2020 | n/a | n/a | US$227m |
| Dec 31 2019 | US$4m | US$450k | US$161m |
| Sep 30 2019 | n/a | n/a | US$45m |
| Jun 30 2019 | n/a | n/a | US$11m |
| Mar 31 2019 | n/a | n/a | -US$4m |
| Dec 31 2018 | US$3m | US$450k | -US$12m |
Compensation vs Market: Badri's total compensation ($USD12.63M) is above average for companies of similar size in the US market ($USD6.96M).
Compensation vs Earnings: Badri's compensation has been consistent with company performance over the past year.
CEO
Badri Kothandaraman (52 yo)
Mr. Badrinarayanan Kothandaraman, also known as Badri, is the President, Chief Executive Officer and Director of Enphase Energy, Inc. since September 3, 2017. Mr. Kothandaraman joined Enphase Energy, Inc....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.2yrs | US$12.63m | 1.25% $ 47.2m | |
| EVP & CFO | 3.8yrs | US$6.71m | 0.071% $ 2.7m | |
| Co-Founder | 19.7yrs | US$1.05m | no data | |
| SVP, Co-founder & Chief Products Officer | 19.7yrs | US$758.90k | no data | |
| Senior VP of Operations & VP of Supply Chain | 3.8yrs | no data | no data | |
| VP & Chief Accounting Officer | 1.6yrs | no data | 0.0095% $ 357.9k | |
| SVP & CTO | 3.8yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Senior VP | no data | no data | no data | |
| SVP & Chief Marketing Officer | less than a year | no data | no data | |
| Senior VP & Chief People Officer | 3.8yrs | no data | no data | |
| Senior Vice President of Customer Experience | 1.8yrs | no data | no data |
Experienced Management: ENPH's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.2yrs | US$12.63m | 1.25% $ 47.2m | |
| VP & Chief Accounting Officer | 1.6yrs | no data | 0.0095% $ 357.9k | |
| Independent Director | 8.8yrs | US$334.99k | 1.51% $ 57.0m | |
| Chairman & Lead Independent Director | 14.7yrs | US$374.97k | 0.073% $ 2.8m | |
| Independent Director | 11.8yrs | US$334.99k | 0.0040% $ 152.5k | |
| Independent Director | 5.3yrs | US$314.99k | 0.0075% $ 281.6k | |
| Independent Director | 15.5yrs | US$334.99k | 0.16% $ 6.0m | |
| Independent Director | 5.8yrs | US$309.99k | 0.047% $ 1.8m |
Experienced Board: ENPH's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/29 18:50 |
| End of Day Share Price | 2025/11/28 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 54 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christine Cho | Barclays |
| Ameet Thakkar | BMO Capital Markets Equity Research |
| Moses Sutton | BNP Paribas |