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Enphase Energy, Inc. (ENPH) Report Analysis

Corporate Events

Neutral

Enphase Energy, Inc. Expands IQ8 Microinverter ...

2022-06-27 12:00:00

Enphase Energy, Inc. announced that installers of Enphase products in Washington state have seen growing deployments of Enphase Energy Systems...

Negative

Enphase Energy, Inc.(NasdaqGM:ENPH) dropped fro...

2022-06-24 00:00:00

Enphase Energy, Inc.(NasdaqGM:ENPH) dropped from Russell 2500 Index

Negative

Enphase Energy, Inc.(NasdaqGM:ENPH) dropped fro...

2022-06-24 00:00:00

Enphase Energy, Inc.(NasdaqGM:ENPH) dropped from Russell 2500 Growth Index

Positive

Enphase Energy Expands Battery Storage in New Mexico

2022-06-23 12:00:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in New Mexico have seen growing deployments of Enphase Energy Systems po...

Negative

Enphase Energy, Inc. Announces Executive Changes

2022-06-22 20:28:00

On June 15, 2022, Jeff McNeil, Executive Vice President and Chief Operating Officer of Enphase Energy, Inc. notified the Company of his intent...

Neutral

Enphase Energy, Inc. Presents at J.P. Morgan En...

2022-06-21 23:35:00

Enphase Energy, Inc. Presents at J.P. Morgan Energy, Power and Renewables Conference, Jun-23-2022 12:55 PM. Venue: InterContinental New York B...

Positive

Enphase Energy Expands Iq8 Microinverter Deploy...

2022-06-21 12:02:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in Texas have seen growing deployments of Enphase Energy Systems powered...

Positive

Enphase Energy Expands IQ8 Microinverter Deploy...

2022-06-16 12:00:00

Enphase Energy, Inc. announced that installers of Enphase products in New York have seen growing deployments of Enphase Energy Systems powered...

Positive

Enphase Energy, Inc. Expands Battery Storage in...

2022-06-13 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Puerto Rico have seen growing deployments of Enphase Energy Systems pow...

Positive

Enphase Energy Expands IQ8 Microinverter Deploy...

2022-06-09 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Southern California have seen growing deployments of Enphase Energy Sys...

Positive

Enphase Energy, Inc. Installers in Australia Ex...

2022-06-06 12:02:00

Enphase Energy, Inc. announced that a growing number of Australian solar installers are now exclusively offering Enphase(R) products, as incre...

Positive

Enphase Energy Expands Battery Storage in Florida

2022-06-02 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Florida have seen growing deployments of Enphase Energy Systems powered...

Positive

Enphase Energy, Inc. Expands Battery Storage in Hawaii

2022-05-16 12:06:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in Hawaii have seen growing deployments of Enphase Energy Systems powere...

Positive

Enphase Energy, Inc. Expands Battery Storage in...

2022-05-12 12:00:00

Enphase Energy, Inc. announced that installers of Enphase products in Missouri have seen growing deployments of Enphase Energy Systems powered...

Positive

Enphase Energy, Inc. Announces IQ Battery Compa...

2022-05-09 12:00:00

Enphase Energy, Inc. announced that Enphase IQ™ Batteries now officially support the most common third-party solar energy string inverters in ...

Positive

Enphase Energy, Inc. Expands Battery Storage in Georgia

2022-05-05 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Georgia have seen growing deployments of Enphase® Energy Systems™ power...

Positive

Enphase Energy, Inc. Expands Solar Energy Deplo...

2022-05-02 12:00:00

Enphase Energy, Inc.  announced that installers of Enphase® products in the Netherlands have seen an increase in deployments of residential so...

Positive

Enphase Energy Expands Battery Storage in Michigan

2022-04-28 12:00:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in Michigan have seen growing deployments of Enphase Energy Systems powe...

Neutral

Enphase Energy Provides Earnings Guidance for t...

2022-04-26 20:05:00

Enphase Energy provided earnings guidance for the second quarter 2022. For the quarter, Revenue to be within a range of $490 million to $520 million.

Positive

Enphase Energy Expands Battery Storage in South...

2022-04-21 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in South Carolina have seen growing deployments of Enphase Energy Systems ...

Neutral

Enphase Energy, Inc. Expands Agreement with ADT Solar

2022-04-19 12:00:00

Enphase Energy, Inc. and ADT Solar announced that ADT Solar is now exclusively offering Enphase® IQ8 Microinverters as part of its comprehensi...

Positive

Enphase Energy, Inc. Expands Battery Storage in Iowa

2022-04-14 12:00:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in Iowa have seen growing deployments of the Enphase Energy System power...

Neutral

Enphase Energy, Inc., Q1 2022 Earnings Call, Ap...

2022-04-12 12:00:00

Enphase Energy, Inc., Q1 2022 Earnings Call, Apr 26, 2022

Positive

Enphase Energy, Inc. Launches Enphase Installer...

2022-04-11 12:00:00

Enphase Energy, Inc. announced the launch of the Enphase Installer Network in France. The EIN is a network of highly experienced installers th...

Neutral

Enphase Energy, Inc. Announces Amended and Rest...

2022-04-08 20:33:00

Board of Directors of Enphase Energy, Inc. amended the Company's Amended and Restated Bylaws, effective as of April 6, 2022, in order to imple...

Neutral

Enphase Energy, Inc. - Shareholder/Analyst Call

2022-04-08 20:16:00

AGM

Neutral

Enphase Energy, Inc., Annual General Meeting, M...

2022-04-08 20:16:00

Enphase Energy, Inc., Annual General Meeting, May 18, 2022, at 09:00 Pacific Standard Time. Agenda: To elect two nominees for director to the ...

Positive

Enphase Energy Expands Battery Storage in Nevada

2022-04-07 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Nevada have seen growing deployments of the Enphase Energy System, powe...

Neutral

Enphase Energy, Inc. Presents at 6th annual vir...

2022-04-05 18:30:00

Enphase Energy, Inc. Presents at 6th annual virtual Energy Storage Systems Safety & Reliability Forum, May-05-2022 09:45 AM. Speakers: Blake L...

Neutral

Pacific Northwest National Laboratory, 6th annu...

2022-04-05 12:08:00

Pacific Northwest National Laboratory, 6th annual virtual Energy Storage Systems Safety & Reliability Forum, May 04, 2022 through May 05, 2022.

Positive

Enphase Energy Expands Battery Storage in Oklahoma

2022-03-31 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Oklahoma have seen growing deployments of the Enphase Energy System, po...

Neutral

JPMorgan Chase & Co., J.P. Morgan Energy, Power...

2022-03-01 14:00:00

JPMorgan Chase & Co., J.P. Morgan Energy, Power and Renewables Conference, Jun 22, 2022 through Jun 23, 2022. Venue: InterContinental New York...

Negative

Enphase Energy, Inc. Announces Retirement of Er...

2022-02-09 11:12:00

On February 2, 2022, Eric Branderiz, Executive Vice President and Chief Financial Officer of Enphase Energy, Inc., notified the company of his...

Negative

Enphase Energy, Inc. Announces Retirement of Er...

2022-02-09 11:12:00

On February 2, 2022, Eric Branderiz, Executive Vice President and Chief Financial Officer of Enphase Energy, Inc., notified the company of his...

Neutral

Enphase Energy, Inc. Provides Earnings Guidance...

2022-02-08 21:05:00

Enphase Energy, Inc. provided earnings guidance for the first quarter of 2022. For the quarter, the company expects revenue to be within a ran...

Positive

Enphase Energy Expands Battery Storage in Arizona

2022-02-03 13:00:00

Enphase Energy, Inc. announced that Enphase installers in Arizona have seen growing deployments of the Enphase® Energy System powered by IQ™ M...

Positive

Enphase Energy, Inc. Expands Battery Storage in...

2022-01-31 13:00:00

Enphase Energy, Inc. announced that Enphase installers in Massachusetts have seen an increase in deployments of the Enphase® Energy System, po...

Neutral

Enphase Energy and Semper Solaris Launch Partne...

2022-01-27 13:00:00

Enphase Energy, Inc. and Semper Solaris announced a strategic partnership focused on deploying Enphase® Energy Systems, powered by IQ™ Microin...

Neutral

Enphase Energy, Inc., Q4 2021 Earnings Call, Fe...

2022-01-25 13:00:00

Enphase Energy, Inc., Q4 2021 Earnings Call, Feb 08, 2022

Positive

Enphase Energy, Inc. (NasdaqGM:ENPH) completed ...

2021-12-31 00:00:00

Enphase Energy, Inc. (NasdaqGM:ENPH) agreed to acquire ClipperCreek, Inc. on November 16, 2021. As a part of the transaction, Jason France, fo...

Positive

Enphase Energy, Inc. (NasdaqGM:ENPH) acquired 3...

2021-12-21 00:00:00

Enphase Energy, Inc. (NasdaqGM:ENPH) acquired 365 Pronto LLC on December 21, 2021. Enphase Energy, Inc. (NasdaqGM:ENPH) completed the acquisi...

Positive

Enphase Energy, Inc. Battery Storage Expands in...

2021-12-16 13:00:00

Enphase Energy, Inc. announced that Enphase installers in Southern California have seen increased deployments of Enphase Energy Systems, power...

Positive

Enphase Energy, Inc. Launches Enphase Installer...

2021-12-13 13:00:00

Enphase Energy, Inc. announced the launch of the Enphase Installer Network (EIN) in Mexico. The EIN is a network of trusted installers that de...

Neutral

Enphase Energy Technology Selected by Australia...

2021-11-29 13:00:00

Enphase Energy, Inc. announced that Enphase microinverter-based solar systems are becoming increasingly preferred for commercial installations...

Neutral

Enphase Energy and Power Solar Grow Battery Sys...

2021-11-18 13:00:00

Enphase Energy, Inc. announced that Power Solar has become one of the growing Enphase partners in Puerto Rico as households seek out battery s...

Positive

Enphase Energy, Inc. (NasdaqGM:ENPH) agreed to ...

2021-11-16 00:00:00

Enphase Energy, Inc. (NasdaqGM:ENPH) agreed to acquire ClipperCreek, Inc. on November 16, 2021. As a part of the transaction, Jason France, fo...

Neutral

Enphase Energy, Inc. - Analyst/Investor Day

2021-11-09 13:09:00

Enphase Energy, Inc. - Analyst/Investor Day

Neutral

Enphase Energy, Inc. and Your Energy Solutions ...

2021-11-08 13:00:00

Enphase Energy, Inc. announced that Your Energy Solutions, a Northern California-based residential clean energy systems installer and service ...

Neutral

Enphase Energy and Good Faith Energy Grow Batte...

2021-11-01 12:00:00

Enphase Energy, Inc. announced Good Faith Energy, is seeing significant growth in deployments of Enphase Energy Systems following the Texas wi...

Neutral

Enphase Energy, Inc. Provides Earnings Guidance...

2021-10-26 20:05:00

Enphase Energy, Inc. provided earnings guidance for the fourth quarter of 2021. For the quarter, the company expects revenue to be within a ra...

Neutral

Tranche Update on Enphase Energy, Inc. (NasdaqG...

2021-10-26 16:10:00

From July 1, 2021 to September 30, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has comp...

Positive

Enphase Energy, Inc. Announces the All-In-One E...

2021-10-25 12:00:00

Enphase Energy, Inc. announced the all-new, all-in-one Enphase Energy System with IQ8 solar microinverters for customers in North America. IQ8...

Positive

Enphase Energy, Inc. Systems Offer Integration ...

2021-10-21 12:00:00

Enphase Energy, Inc.  announced its home energy systems will soon integrate with most leading models of home standby AC generators, providing ...

Positive

Enphase Energy Launches Encharge™ Battery Stora...

2021-10-18 12:00:00

Enphase Energy, Inc. announced that it has started shipping its Encharge™ battery storage systems to customers in Belgium, further expanding t...

Neutral

Enphase Energy, Inc., Q3 2021 Earnings Call, Oc...

2021-10-12 12:00:00

Enphase Energy, Inc., Q3 2021 Earnings Call, Oct 26, 2021

Neutral

Enphase Energy IQ 7+ Microinverters Underpin 1....

2021-10-07 12:00:00

Enphase Energy, Inc. announced that The Links, South West Rocks, a retirement village in New South Wales, Australia, has selected Enphase IQ 7...

Positive

Enphase Energy, Inc. Expands into Italy

2021-10-04 12:00:00

Enphase Energy, Inc. announced it has further strengthened its presence in the European residential solar market with its expansion into Italy...

Positive

Enphase Energy, Inc. and Sunpro Solar Expands P...

2021-09-30 12:00:00

Enphase Energy, Inc. announced that Sunpro Solar will now promote and install Enphase Encharge battery storage systems in addition to Enphase ...

Positive

Enphase Energy, Inc. Enters the Brazilian Solar...

2021-09-27 12:00:00

Enphase Energy, Inc. announced the company has entered the Brazilian solar market with the introduction of its IQ 7+™ microinverters. The comp...

Neutral

Enphase Energy, Inc. Provides Revenue Guidance ...

2021-07-27 20:05:00

Enphase Energy, Inc. provided revenue guidance for the third quarter of 2021. For the third quarter of 2021, the company estimates GAAP result...

Neutral

Tranche Update on Enphase Energy, Inc. (NasdaqG...

2021-07-27 16:51:00

From April 1, 2021 to May 31, 2021, the company has repurchased 1,702,578 shares, representing 1.25% for $200 million. With this, the company ...

Neutral

Tranche Update on Enphase Energy, Inc. (NasdaqG...

2021-07-27 16:51:00

From May 13, 2021 to June 30, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed...

Neutral

Enphase Energy, Inc., Q2 2021 Earnings Call, Ju...

2021-07-13 12:00:00

Enphase Energy, Inc., Q2 2021 Earnings Call, Jul 27, 2021

Positive

Enphase Energy, Inc. Launches Encharge® Battery...

2021-06-29 12:00:00

Enphase Energy, Inc. announced the launch of its Encharge battery storage system in Germany, the product’s first expansion into a market outsi...

Neutral

Enphase Energy, Inc. Expands IQ8 Microinverter Deployments in Washington

2022-06-27 12:00:00

Enphase Energy, Inc. announced that installers of Enphase products in Washington state have seen growing deployments of Enphase Energy Systems powered by IQ8™ Microinverters following the product’s launch in North America late last year. IQ8 Microinverters paired with Enphase’s industry leading IQ™ Batteries give homeowners more energy security as power outages from extreme weather and high summertime demand grow increasingly common. According to the most recent U.S. Solar Market Insight report from Wood Mackenzie and the Solar Energy Industries Association, residential solar deployments in Washington state are predicted to reach over 75 MW in 2022, representing an approximately 63% increase from the previous year. Additionally, residential battery capacity in Washington is increasing steadily year-over-year with forecasts estimating deployments will nearly quadruple by the end of 2026, according to the U.S. Energy Storage Monitor 2021 Year in Review report from the Energy Storage Association and Wood Mackenzie. Enphase’s revolutionary IQ8-based systems can provide Sunlight Backup™ during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing an Enphase IQ Batteries with IQ8 Microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase IQ8 solar microinverters come with a 25-year limited warranty. The IQ8 Microinverter system is the first in the world to be certified by UL, a global safety science leader, for the new North American safety and grid interconnection standards for connecting solar inverters, energy storage systems, and distributed energy resources to the grid. Enphase’s IQ8 Microinverters, paired with the IQ™ Combiner 4/4C and IQ™ Gateway, create the first complete residential DER system certified by UL.

Negative

Enphase Energy, Inc.(NasdaqGM:ENPH) dropped from Russell 2500 Index

2022-06-24 00:00:00

Enphase Energy, Inc.(NasdaqGM:ENPH) dropped from Russell 2500 Index

Negative

Enphase Energy, Inc.(NasdaqGM:ENPH) dropped from Russell 2500 Growth Index

2022-06-24 00:00:00

Enphase Energy, Inc.(NasdaqGM:ENPH) dropped from Russell 2500 Growth Index

Positive

Enphase Energy Expands Battery Storage in New Mexico

2022-06-23 12:00:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in New Mexico have seen growing deployments of Enphase Energy Systems powered by IQ(R) Microinverters and IQ(TM) Batteries as the state prepares for extreme heat forecasts this summer that are predicted to threaten grid reliability. Residential battery capacity in New Mexico is increasing year-over-year with forecasts estimating deployments will grow nearly eight-fold by the end of 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie.

Negative

Enphase Energy, Inc. Announces Executive Changes

2022-06-22 20:28:00

On June 15, 2022, Jeff McNeil, Executive Vice President and Chief Operating Officer of Enphase Energy, Inc. notified the Company of his intention to retire next year, effective as of March 31, 2023, from his position at the Company. Mr. McNeil is retiring for personal reasons and there are no disagreements between Mr. McNeil and the Company on any matters relating to the Company’s operations, policies, or practices. In advance of his retirement, Mr. McNeil will transition from his current position to a full-time role as Chief Advisor, effective July 1, 2022. As Chief Advisor, Mr. McNeil will continue to report to Badri Kothandaraman, the Company’s Chief Executive Officer, and help facilitate the transition of his responsibilities as well as support other special projects. There are no changes to Mr. McNeil’s compensation. Consistent with the Company’s succession plan, the Company’s Customer Experience, Quality and Reliability, and Supply Chain functions, which all previously reported to Mr. McNeil, will report to Mr. Kothandaraman starting on July 1, 2022.

Neutral

Enphase Energy, Inc. Presents at J.P. Morgan Energy, Power and Renewables Conference, Jun-23-2022 12:55 PM

2022-06-21 23:35:00

Enphase Energy, Inc. Presents at J.P. Morgan Energy, Power and Renewables Conference, Jun-23-2022 12:55 PM. Venue: InterContinental New York Barclay, 111 East 48th St., New York City, New York, United States. Speakers: Karen Sagot, Head Of Investor Relations.

Positive

Enphase Energy Expands Iq8 Microinverter Deployments in Texas

2022-06-21 12:02:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in Texas have seen growing deployments of Enphase Energy Systems powered by IQ8(TM) Microinverters following the product's launch in North America late last year. IQ8 Microinverters, paired with Enphase's industry leading IQ(TM) Batteries, give homeowners more energy security as utility providers warn that summer heatwaves are expected to threaten grid reliability across the state. According to the most recent U.S. Solar Market Insight report from Wood Mackenzie and the Solar Energy Industries Association, residential solar deployments in Texas are predicted to reach over 440 MW in 2022, representing an approximately 30% increase from the previous year. Additionally, residential battery capacity in Texas is increasing steadily year-over-year with forecasts estimating that deployments will grow nearly five-fold by the end of 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie. Enphase's revolutionary IQ8-based systems can provide Sunlight Backup(TM) functionality during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing Enphase IQ Batteries with IQ8 Microinverters. In addition, with the Sunlight Jump Start(TM) feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase IQ8 solar microinverters come with a 25-year limited warranty. The IQ8 Microinverter-based system is the first in the world to be certified by UL, a global safety science leader, for the new North American safety and grid interconnection standards for connecting solar inverters, energy storage systems, and distributed energy resources to the grid. Enphase's IQ8 Microinverters, paired with the IQ(TM) Combiner 4/4C and IQ(TM) Gateway, create the first complete residential DER system certified by UL.

Positive

Enphase Energy Expands IQ8 Microinverter Deployments in New York

2022-06-16 12:00:00

Enphase Energy, Inc. announced that installers of Enphase products in New York have seen growing deployments of Enphase Energy Systems powered by IQ8™ Microinverters following the product’s launch in North America late last year. IQ8 Microinverters paired with Enphase’s industry leading IQ Batteries give homeowners more energy security as increasingly common heat waves and other natural disasters strain the grid. Enphase’s revolutionary IQ8-based systems can provide Sunlight Backup functionality during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing Enphase IQ Batteries with IQ8 Microinverters. In addition, with the Sunlight Jump Start feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase IQ8 solar microinverters come with a 25-year limited warranty. The IQ8 Microinverter system is the first in the world to be certified by UL, a global safety science leader, for the new North American safety and grid interconnection standards for connecting solar inverters, energy storage systems, and distributed energy resources to the grid. Enphase’s IQ8 Microinverters, paired with the IQ™ Combiner 4/4C and IQ™ Gateway, create the first complete residential DER system certified by UL.

Positive

Enphase Energy, Inc. Expands Battery Storage in Puerto Rico

2022-06-13 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Puerto Rico have seen growing deployments of Enphase Energy Systems powered by IQ® Microinverters and IQ™ Batteries, with the grid experiencing frequent outages and climate experts forecasting above-average hurricane activity this year. Homeowners in Puerto Rico can now also choose to install Enphase’s revolutionary IQ8™ Microinverters. IQ8 Microinverter-based systems can provide Sunlight Backup™ functionality during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing Enphase IQ Batteries with IQ8 Microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase delivers a safer solar-plus-battery solution that does not expose installers or homeowners to high-voltage direct current (DC). Enphase IQ Batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. The Enphase IQ Batteries accommodate over-the-air software upgrades and come with a 10-year limited warranty, while Enphase IQ8 solar microinverters come with a 25-year limited warranty.

Positive

Enphase Energy Expands IQ8 Microinverter Deployments in Southern California

2022-06-09 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Southern California have seen growing deployments of Enphase Energy Systems powered by IQ8™ Microinverters following the product’s launch in North America late last year. IQ8 Microinverters paired with Enphase’s industry leading IQ™ Batteries gives homeowners more energy independence and peace of mind as power supply shortages are predicted to lead to blackouts across the state this summer. Enphase’s revolutionary IQ8-based systems can provide Sunlight Backup™ functionality during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing an Enphase IQ Batteries with IQ8 Microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase IQ8 solar microinverters come with a 25-year limited warranty. Enphase recently announced that the IQ8 Microinverter system is the first in the world to be certified by UL, a global safety science leader, for the new North American safety and grid interconnection standards for connecting solar inverters, energy storage systems, and distributed energy resources (DERs) to the grid. Enphase’s IQ8 Microinverters, paired with the IQ™ Combiner 4/4C and IQ™ Gateway, create the first complete residential DER system certified by UL.

Positive

Enphase Energy, Inc. Installers in Australia Expand Adoption of IQ Microinverters Due to Their Safe AC Architecture

2022-06-06 12:02:00

Enphase Energy, Inc. announced that a growing number of Australian solar installers are now exclusively offering Enphase(R) products, as increased solar safety regulations and compliance standards come into effect across the country. In May 2022, AS/NZS5033:2021, an update to installation and safety requirements for photovoltaic (PV) arrays, came into effect nationwide in Australia. The revised regulations aim to support solar installers in meeting compliance requirements and promoting consumer and electrical contractor safety. The standard details new compliance measures for direct current (DC) central ("string") inverter-based solar systems, including restrictive cable runs, IEC 62930 compliant DC cable, and high visibility DC voltage and warning signs. In contrast, alternating current (AC) decentralized inverter-based solar systems operating at extra-low voltage, such as installations with Enphase microinverters, are exempt from most new regulations. As a result, some Australian solar installers are exclusively leveraging Enphase technology to help insulate their businesses and customers from electrical risk and future regulatory changes.

Positive

Enphase Energy Expands Battery Storage in Florida

2022-06-02 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Florida have seen growing deployments of Enphase Energy Systems powered by IQ® Microinverters and IQ™ Batteries, as Florida homeowners prepare for power outages this hurricane season. Residential battery capacity in Florida is increasing steadily year-over-year with forecasts estimating deployments will grow nearly seven-fold by the end of 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie. Homeowners in Florida can now also choose to install Enphase’s revolutionary IQ8™ Microinverters. IQ8-based systems can provide Sunlight Backup™ during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing an Enphase IQ Battery with IQ8 Microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience.

Positive

Enphase Energy, Inc. Expands Battery Storage in Hawaii

2022-05-16 12:06:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in Hawaii have seen growing deployments of Enphase Energy Systems powered by IQ(R) Microinverters and IQ(TM) Batteries, as local incentives make solar and battery energy systems more attractive than ever. Residential battery capacity in Hawaii, a key growth market for battery solutions, is increasing steadily year-over-year with forecasts estimating deployments will triple by the end of 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie. Last year, Enphase announced its participation in Hawaiian Electric's (HECO) Battery Bonus grid services program, which offers financial incentives to HECO customers who add a battery to their residential solar systems and make it available to the utility during a fixed two-hour period each day. Enphase delivers a safer solar-plus-battery solution that does not expose installers or homeowners to high-voltage direct current (DC). Enphase IQ Batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start(TM) technology, which helps seamlessly power-up air conditioners and well-pumps. The Enphase IQ Batteries accommodate over-the-air software upgrades and come with a 10-year limited warranty, while Enphase IQ8 solar microinverters come with a 25-year limited warranty.

Positive

Enphase Energy, Inc. Expands Battery Storage in Missouri

2022-05-12 12:00:00

Enphase Energy, Inc. announced that installers of Enphase products in Missouri have seen growing deployments of Enphase Energy Systems powered by IQ® Microinverters and IQ™ Batteries, as severe weather such as winter ice storms, tornadoes, and summer flooding continues to impact homeowners in the Midwest. Residential battery capacity in Missouri is increasing steadily year-over-year with forecasts estimating deployments will grow nearly 14-fold by the end of 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie. Homeowners in Missouri can now also choose to install Enphase’s revolutionary IQ8™ Microinverters. IQ8-based systems can provide Sunlight Backup™ during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing an Enphase IQ Battery with IQ8 Microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase delivers a safer solar-plus-battery solution that does not expose installers or homeowners to high-voltage direct current (DC). Enphase IQ Batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. The Enphase IQ Batteries accommodate over-the-air software upgrades and come with a 10-year limited warranty, while Enphase IQ8 solar microinverters come with a 25-year limited warranty.

Positive

Enphase Energy, Inc. Announces IQ Battery Compatibility with Third-Party Inverters in Europe

2022-05-09 12:00:00

Enphase Energy, Inc. announced that Enphase IQ™ Batteries now officially support the most common third-party solar energy string inverters in Belgium and Germany, helping meet the increasing demand for energy independence in the region. Since the 2021 launch of the IQ Battery in Belgium and Germany, installers of Enphase® products have seen increasing deployments of Enphase Energy Systems™ powered by IQ® Microinverters and IQ Batteries, as well as residential solar-only energy systems powered by IQ7™, IQ7+™, and IQ7A™ Microinverters. The Enphase Energy System provides an all-in-one solution with its IQ Microinverters and IQ Batteries that allows homeowners to store their energy for later use and avoid relying on expensive energy from the grid. Now, IQ Batteries can also be installed with both single-phase and three-phase third-party solar energy inverters, enabling homeowners in Belgium and Germany to upgrade their existing home solar systems with a reliable residential battery storage solution that reduces costs while providing increased self-reliance. Enphase delivers a safer solar-plus-battery solution that does not expose installers or homeowners to high-voltage DC. Enphase IQ Batteries feature Lithium Iron Phosphate battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The Enphase IQ Batteries accommodate over-the-air software upgrades and come with a 10-year limited warranty. When used with third-party solar inverters, the Enphase App will display essential data featuring the solar production for the system.

Positive

Enphase Energy, Inc. Expands Battery Storage in Georgia

2022-05-05 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Georgia have seen growing deployments of Enphase® Energy Systems™ powered by IQ® Microinverters and IQ™ Batteries, as homeowners in the coastal state prepare for another hurricane season of increased storm activity. Homeowners in Georgia can also now choose to install Enphase’s revolutionary IQ8™ Microinverters. IQ8 solar systems can provide Sunlight Backup™ functionality during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing Enphase IQ Batteries with IQ8 Microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system only using sunlight after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. Enphase delivers a safe solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. Enphase IQ Batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. The Enphase IQ Batteries accommodate over-the-air software upgrades and come with a 10-year limited warranty, while Enphase IQ8 Microinverters come with a 25-year limited warranty.

Positive

Enphase Energy, Inc. Expands Solar Energy Deployments in Netherlands

2022-05-02 12:00:00

Enphase Energy, Inc.  announced that installers of Enphase® products in the Netherlands have seen an increase in deployments of residential solar energy systems powered by IQ7™, IQ7+™, and IQ7A™ Microinverters. IQ7 series microinverters leverage Enphase’s unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. Enphase microinverters are subjected to a rigorous reliability and quality testing regimen with more than one million hours of power-on testing to ensure exceptional performance under heat, high humidity, salty air, extreme cold, and harsh climate conditions. The company’s microinverters are backed by a 25-year warranty in the Netherlands. The Enphase microinverter systems are outfitted with the IQ™ Gateway, which connects an Enphase-based solar system to the Enphase® App monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy.

Positive

Enphase Energy Expands Battery Storage in Michigan

2022-04-28 12:00:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in Michigan have seen growing deployments of Enphase Energy Systems powered by IQ(TM) Microinverters and IQ(TM) Batteries. Homeowners in Michigan can now also choose to install Enphase's revolutionary IQ8(TM) Microinverters. IQ8-based systems can provide Sunlight Backup(TM) during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing an Enphase IQ Battery with IQ8 Microinverters. In addition, with the Sunlight Jump Start(TM) feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience.

Neutral

Enphase Energy Provides Earnings Guidance for the Second Quarter 2022

2022-04-26 20:05:00

Enphase Energy provided earnings guidance for the second quarter 2022. For the quarter, Revenue to be within a range of $490 million to $520 million.

Positive

Enphase Energy Expands Battery Storage in South Carolina

2022-04-21 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in South Carolina have seen growing deployments of Enphase Energy Systems powered by IQ™ Microinverters and IQ™ Batteries, as rising electricity prices and power outages continue to motivate homeowners to seek resilient clean energy solutions. Residential battery installations in South Carolina are increasing steadily year-over-year with forecasts estimating deployments will grow nearly seven-fold by the end of 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie. South Carolina homeowners can now also choose to install Enphase’s revolutionary IQ8™ Microinverters. IQ8-based systems can provide Sunlight Backup™ during an outage, even without a battery. For homeowners who want battery backup, there are no sizing restrictions on pairing an Enphase IQ Battery with IQ8 microinverters. In addition, with the Sunlight Jump Start™ feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that may result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience.

Neutral

Enphase Energy, Inc. Expands Agreement with ADT Solar

2022-04-19 12:00:00

Enphase Energy, Inc. and ADT Solar announced that ADT Solar is now exclusively offering Enphase® IQ8 Microinverters as part of its comprehensive home energy solution. This announcement follows ADT Solar™ and Enphase Energy’s recent expansion agreement to include Enphase IQ™ Batteries. The Enphase Energy System, powered by IQ8 Microinverters and IQ Batteries, offers homeowners even greater resilience and energy independence. ADT Solar™ will use IQ8 Microinverters across all sales configurations, including grid-tied solar, sunlight-only backup, and solar plus battery storage. Unlike competing products, IQ8 can form a microgrid during a power outage, using only sunlight to provide backup power without requiring a battery. For homeowners who want a battery, there are no sizing restrictions on pairing Enphase IQ Batteries with the IQ8 solar system. IQ8 Microinverters also include the Sunlight Jump Start™ feature, which can restart a home energy system using sunlight only after prolonged grid outages that result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience.

Positive

Enphase Energy, Inc. Expands Battery Storage in Iowa

2022-04-14 12:00:00

Enphase Energy, Inc. announced that installers of Enphase(R) products in Iowa have seen growing deployments of the Enphase Energy System powered by IQ(TM) Microinverters and IQ(TM) Batteries. Residential battery capacity in Iowa is growing year-over-year with forecasts estimating deployments will multiply ten-fold by 2026. Enphase's IQ Microinverters and IQ Batteries are designed to perform and last, making them the easy choice to satisfy each customer's unique needs, whether it's solar only or with a battery for ultimate control and independence. Iowa homeowners can now also choose to install Enphase's revolutionary IQ8(TM) Microinverters. IQ8-based systems can provide Sunlight Backup during an outage, even without a battery. For homeowners who want a battery backup, there are no sizing restrictions on pairing an Enphase IQ Battery with IQ8 microinverters. In addition, with the Sunlight Jump Start(TM) feature, IQ8 Microinverters can restart a home energy system using sunlight only after prolonged grid outages that result in a fully depleted battery. This eliminates the need for a manual restart of the system and gives homeowners even greater resilience. The microinverters offer a long lifespan, flexibility in system design, and no single point of system failure to name a few. The Enphase Energy System with IQ Batteries does not deviate from these positive attributes. The system allows for an energy storage system to be designed very incrementally to meet the customer's needs. The IQ System Controller works with the system seamlessly, gathering energy inputs into one place and distributing them to loads as see fit. The IQ Battery utilizes multiple microinverters to access its stored energy, giving customers peace of mind knowing they can depend on this system to give them energy when they need it most. Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. Enphase IQ Batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start(TM) technology, which helps seamlessly power-up air conditioners and well-pumps. The Enphase IQ Batteries accommodate over-the-air software upgrades and come with a 10-year limited warranty, while Enphase IQ8 solar microinverters come with a 25-year limited warranty.

Neutral

Enphase Energy, Inc., Q1 2022 Earnings Call, Apr 26, 2022

2022-04-12 12:00:00

Enphase Energy, Inc., Q1 2022 Earnings Call, Apr 26, 2022

Positive

Enphase Energy, Inc. Launches Enphase Installer Network in France

2022-04-11 12:00:00

Enphase Energy, Inc. announced the launch of the Enphase Installer Network in France. The EIN is a network of highly experienced installers that have a proven track-record of delivering exceptional homeowner experiences using Enphase® products. The program is designed to help installers grow their business with a range of innovative digital tools and exclusive benefits. EIN members can access an installer platform that delivers sales leads and self-service tools, as well as metrics and analytics that can be leveraged to improve business efficiency. Solar installers can qualify for EIN membership in one of three tiers, as Platinum, Gold, or Silver Installers, based on meeting a range of performance qualifications including but not limited to homeowner satisfaction and the duration of their relationship with Enphase. The EIN launch comes as installers of Enphase® products in France are seeing an increase in deployments of residential solar energy systems powered by IQ 7™ and IQ 7+™ Microinverters. These microinverters leverage Enphase’s unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. Enphase® microinverters are subjected to a rigorous reliability and quality testing regimen with more than one million hours of power-on testing to ensure exceptional performance under heat, high humidity, salty air, extreme cold, and harsh climate conditions. The company’s microinverters are backed by a 25-year warranty in France. The Enphase microinverter systems will be outfitted with IQ™ Gateway, which connects an Enphase-based solar system to the Enphase® App monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy.

Neutral

Enphase Energy, Inc. Announces Amended and Restated Bylaws, Effective as of April 6, 2022

2022-04-08 20:33:00

Board of Directors of Enphase Energy, Inc. amended the Company's Amended and Restated Bylaws, effective as of April 6, 2022, in order to implement proxy access provisions allowing stockholders to nominate candidate(s) to serve on the Board and be included in the Company’s proxy statement, subject to certain rules and requirements. Pursuant to the proxy access provision, inserted at subsection 5(h) of Article III in the Bylaws, a stockholder or a group of no more than 20 stockholders owning 3% or more of the voting power of the Company's outstanding capital stock continuously for at least 3 years may nominate and include director nominees constituting up to the greater of 2 individuals or 20% of the number of directors in office in the Company's proxy statement for an annual meeting, provided that the stockholders satisfy the requirements specified in the Bylaws. The Bylaws also include certain conforming modifications to the advance notice provisions.

Neutral

Enphase Energy, Inc. - Shareholder/Analyst Call

2022-04-08 20:16:00

AGM

Neutral

Enphase Energy, Inc., Annual General Meeting, May 18, 2022

2022-04-08 20:16:00

Enphase Energy, Inc., Annual General Meeting, May 18, 2022, at 09:00 Pacific Standard Time. Agenda: To elect two nominees for director to the Board of Directors named in the accompanying Proxy Statement, to hold office until the 2025 Annual Meeting of Stockholders; to approve, on advisory basis, the compensation of the named executive officers, as disclosed in this proxy statement; to ratify the selection by the Audit Committee of Board of Directors of Deloitte & Touche LLP as an independent registered public accounting firm for the fiscal year ending December 31, 2022; and to conduct any other business properly brought before the meeting.

Positive

Enphase Energy Expands Battery Storage in Nevada

2022-04-07 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Nevada have seen growing deployments of the Enphase Energy System, powered by IQ™ Microinverters and IQ™ Batteries. In addition, Nevada homeowners can now choose to install Enphase’s revolutionary IQ8™ Microinverters. IQ8-based systems can provide Sunlight Backup during an outage, even without a battery. For homeowners who want a battery, there are no sizing restrictions on pairing an Enphase IQ Battery with IQ8 microinverters. Homeowners seeking even more energy independence can now seamlessly integrate an AC home standby generator into the Enphase® Energy System solution for extra power during an extended grid outage. The Enphase® App offers complete control, including the ability to monitor real time power flow, start and stop the generator remotely, and set quiet hours to prevent the generator from operating until batteries fall below a designated threshold.

Neutral

Enphase Energy, Inc. Presents at 6th annual virtual Energy Storage Systems Safety & Reliability Forum, May-05-2022 09:45 AM

2022-04-05 18:30:00

Enphase Energy, Inc. Presents at 6th annual virtual Energy Storage Systems Safety & Reliability Forum, May-05-2022 09:45 AM. Speakers: Blake Lundstrom.

Neutral

Pacific Northwest National Laboratory, 6th annual virtual Energy Storage Systems Safety & Reliability Forum, May 04, 2022 through May 05, 2022

2022-04-05 12:08:00

Pacific Northwest National Laboratory, 6th annual virtual Energy Storage Systems Safety & Reliability Forum, May 04, 2022 through May 05, 2022.

Positive

Enphase Energy Expands Battery Storage in Oklahoma

2022-03-31 12:00:00

Enphase Energy, Inc. announced that installers of Enphase® products in Oklahoma have seen growing deployments of the Enphase Energy System, powered by IQ™ Microinverters and IQ™ Batteries, as extreme weather events continue to impact the state’s constrained power grid. In addition, Oklahoma homeowners can now choose to install Enphase’s revolutionary IQ8™ Microinverters. IQ8 can provide Sunlight Backup during an outage, even without a battery. For homeowners who want a battery, there are no sizing restrictions on pairing an Enphase IQ Battery with IQ8 microinverters. Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. Enphase IQ Batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. The Enphase IQ Batteries accommodate over-the-air software upgrades and come with a 10-year limited warranty, while Enphase IQ8 solar microinverters come with a 25-year limited warranty.

Neutral

JPMorgan Chase & Co., J.P. Morgan Energy, Power and Renewables Conference, Jun 22, 2022 through Jun 23, 2022

2022-03-01 14:00:00

JPMorgan Chase & Co., J.P. Morgan Energy, Power and Renewables Conference, Jun 22, 2022 through Jun 23, 2022. Venue: InterContinental New York Barclay, 111 East 48th St., New York City, New York, United States.

Negative

Enphase Energy, Inc. Announces Retirement of Eric Branderiz as Executive Vice President, Effective February 14, 2022

2022-02-09 11:12:00

On February 2, 2022, Eric Branderiz, Executive Vice President and Chief Financial Officer of Enphase Energy, Inc., notified the company of his intention to retire from his position at the company, effective February 14, 2022. Mr. Branderiz is retiring for personal reasons and there are no disagreements between Mr. Branderiz and the Company on any matters relating to the Company’s operations, policies, or practices, including accounting principles and practices. Mr. Branderiz will remain in an advisory capacity to the Company through June 30, 2022 to assist with the transition of his successor.

Negative

Enphase Energy, Inc. Announces Retirement of Eric Branderiz as Chief Financial Officer, Effective February 14, 2022

2022-02-09 11:12:00

On February 2, 2022, Eric Branderiz, Executive Vice President and Chief Financial Officer of Enphase Energy, Inc., notified the company of his intention to retire from his position at the company, effective February 14, 2022. Mr. Branderiz is retiring for personal reasons and there are no disagreements between Mr. Branderiz and the Company on any matters relating to the Company’s operations, policies, or practices, including accounting principles and practices. Mr. Branderiz will remain in an advisory capacity to the Company through June 30, 2022 to assist with the transition of his successor.

Neutral

Enphase Energy, Inc. Provides Earnings Guidance for the First Quarter of 2022

2022-02-08 21:05:00

Enphase Energy, Inc. provided earnings guidance for the first quarter of 2022. For the quarter, the company expects revenue to be within a range of $420 million to $440 million, which includes shipments of 110 to 120 megawatt hours of Enphase IQ Batteries.

Positive

Enphase Energy Expands Battery Storage in Arizona

2022-02-03 13:00:00

Enphase Energy, Inc. announced that Enphase installers in Arizona have seen growing deployments of the Enphase® Energy System powered by IQ™ Microinverters and IQ™ Batteries. Arizona is steadily growing its residential storage capacity year over year, with forecast estimating deployments will more than double in the next year and grow more than 8-fold by 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie. This growth follows efforts by the state’s large utility, Arizona Public Service (APS), to pilot a residential battery incentive program aimed at learning more how home batteries can create value for homeowners and reduce stress on the electric grid. Enphase recently announced participation in the APS Residential Battery Pilot grid services program, which will offer households with new IQ Batteries the opportunity to receive up to $3,750 in one-time, upfront incentives.

Positive

Enphase Energy, Inc. Expands Battery Storage in Massachusetts

2022-01-31 13:00:00

Enphase Energy, Inc. announced that Enphase installers in Massachusetts have seen an increase in deployments of the Enphase® Energy System, powered by IQ™ Microinverters and IQ™ Batteries, as extreme weather and power outages continue to impact the state. Residential storage capacity is rapidly expanding in Massachusetts, with deployments expected to grow eight-fold by 2026, according to the most recent U.S. Energy Storage Monitor report from the Energy Storage Association and Wood Mackenzie. The expected growth is due primarily to customers looking for reliable backup options, as well as forward looking policy like the Solar Massachusetts Renewable Target (SMART) program, which continues to offer incentives for residents to make the switch to solar and battery storage systems. On top of the incentives offered by the SMART program, Massachusetts homeowners in National Grid, Eversource, and Cape Light Compact territories can also earn up to $1,056 a year by enrolling their Enphase IQ Batteries in the ConnectedSolutions program. Through the ConnectedSolutions program, homeowners are compensated for allowing their batteries to discharge during peak demand events to help stabilize the grid. Enphase’s complete home energy system is one of the best solutions on the market,” said Matthew Devlin, co-founder and master electrician at Devlin Solar, an Enphase Gold installer. “Together, we’re able to offer customers the utmost control over their own clean energy so they can live sustainably and improve their energy independence. Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. The Enphase IQ Battery features Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. Homeowners have insight into their systems through the Enphase® App, as well as the ability to go off-grid through the app. The Enphase IQ Battery accommodates over-the-air software upgrades and comes with a 10-year limited warranty with a 5-year limited warranty extension available for purchase.

Neutral

Enphase Energy and Semper Solaris Launch Partnership in California to Sell Solar and Battery Storage Systems

2022-01-27 13:00:00

Enphase Energy, Inc. and Semper Solaris announced a strategic partnership focused on deploying Enphase® Energy Systems, powered by IQ™ Microinverters and IQ™ Batteries, across the state. Enphase and Semper Solaris’ partnership comes as policymakers increasingly look to curb peak electricity demand through energy tariffs like time-of-use rates and grid services programs. Enphase Energy Systems and the Enphase® App give households enhanced control and flexibility, enabling them to optimize their home energy system around various rate structures through self-consumption, seamless participation in grid services programs, and the ability to go off-grid. Enphase delivers a safe solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. The Enphase IQ Battery features Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. The Enphase IQ Battery accommodates over-the-air software upgrades and comes with a 10-year limited warranty, while Enphase IQ8 solar microinverters come with a 25-year limited warranty. Semper plans to utilize Enphase’s proposal and permitting services. Enphase expects to build on this partnership and create a fully integrated digital platform, with higher automation and additional services such as operations and maintenance. The goal of the Enphase digital platform is to help installers streamline and simplify the homeowners buying experience.

Neutral

Enphase Energy, Inc., Q4 2021 Earnings Call, Feb 08, 2022

2022-01-25 13:00:00

Enphase Energy, Inc., Q4 2021 Earnings Call, Feb 08, 2022

Positive

Enphase Energy, Inc. (NasdaqGM:ENPH) completed the acquisition of ClipperCreek, Inc.

2021-12-31 00:00:00

Enphase Energy, Inc. (NasdaqGM:ENPH) agreed to acquire ClipperCreek, Inc. on November 16, 2021. As a part of the transaction, Jason France, founder and Chief Executive Officer of ClipperCreek will join Enphase Energy, Inc. ClipperCreek offers electric vehicle (EV) charging solutions for residential and commercial customers in the U.S. ClipperCreek has been a pioneer in the EV charging market since 2006 and has sold more than 110,000 Level 2 AC charging stations since its inception. This acquisition extends Enphase leadership into home electrification by leveraging its power conversion and software platform to manage loads and resources within the home. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close by December 31, 2021. Enphase Energy, Inc. (NasdaqGM:ENPH) completed the acquisition of ClipperCreek, Inc. in the fourth quarter of 2021.

Positive

Enphase Energy, Inc. (NasdaqGM:ENPH) acquired 365 Pronto LLC.

2021-12-21 00:00:00

Enphase Energy, Inc. (NasdaqGM:ENPH) acquired 365 Pronto LLC on December 21, 2021. Enphase Energy, Inc. (NasdaqGM:ENPH) completed the acquisition of 365 Pronto LLC on December 21, 2021.

Positive

Enphase Energy, Inc. Battery Storage Expands in Southern California

2021-12-16 13:00:00

Enphase Energy, Inc. announced that Enphase installers in Southern California have seen increased deployments of Enphase Energy Systems, powered by IQ™ Microinverters and IQ Batteries, as utility power shutoffs continue to threaten the state. Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. The Enphase IQ Battery features Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. Homeowners have insight into their systems through the Enphase App™, as well as the ability to go off-grid through the app. The Enphase IQ Battery accommodates over-the-air software upgrades and comes with a 10-year limited warranty with a 5-year limited warranty extension available for purchase.

Positive

Enphase Energy, Inc. Launches Enphase Installer Network in Mexico

2021-12-13 13:00:00

Enphase Energy, Inc. announced the launch of the Enphase Installer Network (EIN) in Mexico. The EIN is a network of trusted installers that deliver exceptional homeowner experiences using Enphase products and is designed to help installers grow their business with a range of innovative digital tools and exclusive benefits. EIN members can take advantage of access to an advanced digital platform that delivers sales leads and self-service tools, as well as metrics and analytics that can be leveraged to improve business efficiency and profits. Solar installers can qualify for EIN membership in one of three tiers, as Platinum, Gold, or Silver Installers, based on meeting a range of performance qualifications including but not limited to homeowner satisfaction and the duration of their relationship with Enphase. As part of the ongoing digital transformation at Enphase, the EIN is backed by significant enhancements to the installer-facing functionality of the Enphase App™. The digital components available to EIN members combine the power of sophisticated analytics with business growth tools, customer support enhancements, and services that can help installers deliver an outstanding customer experience over the long lifespan of Enphase solar systems. Homeowners in Mexico can easily locate an EIN installer in their area using the Find an Installer tool available on the Enphase website.

Neutral

Enphase Energy Technology Selected by Australian Government and Community Organizations

2021-11-29 13:00:00

Enphase Energy, Inc. announced that Enphase microinverter-based solar systems are becoming increasingly preferred for commercial installations by government and community organizations in Australia seeking to offset daytime electricity costs and make progress towards net zero goals. Enphase IQ microinverters leverage Enphase's unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. Enphase microinverters are subjected to a rigorous reliability and quality testing regimen with more than one million cumulative hours of power-on testing to provide exceptional performance under heat, high humidity, salty air, extreme cold, and harsh climate conditions. The Company's microinverters are designed to be long-lived energy assets and are backed by a 10-year limited warranty in the Australian solar market, which can be extended for a fee for up to 15, 20, or 25 years. In another example from New South Wales, the Milton Ulladulla ExServos Club deployed a 215 kW, 581 solar panel system fitted with Enphase IQ™7+ microinverters. With 85 employees and 13,500 members, the Club has deep roots in its community, supporting many local sports and other community organizations, making system reliability and solar fire safety critical to the project. The ability to monitor each panel's performance is essential to improving diagnostics, fault identification, and reducing long-term maintenance costs for commercial systems. The Wollongong Council and Milton Ulladulla ExServos Club sites are both outfitted with the Enphase IQ Gateway™, which connects the solar systems to the Enphase App™ and helps make per-panel energy monitoring and insights for operations and maintenance easy.

Neutral

Enphase Energy and Power Solar Grow Battery Systems Partnership in Puerto Rico

2021-11-18 13:00:00

Enphase Energy, Inc. announced that Power Solar has become one of the growing Enphase partners in Puerto Rico as households seek out battery systems to protect them from an unstable utility grid and extreme weather conditions like hurricanes. Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. The Enphase IQ Battery features Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safe operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. Homeowners have insight into their systems through the Enphase App, as well as the ability to go off-grid through the app. The Enphase IQ Battery offers over-the-air software upgrades and comes with a 10-year limited warranty with an optional 5-year limited warranty extension available for purchase. Enphase Installer Network Platinum members have the longest track record of exclusively installing Enphase products, while delivering exceptional quality and earning the higher customer satisfaction scores.

Positive

Enphase Energy, Inc. (NasdaqGM:ENPH) agreed to acquire ClipperCreek, Inc.

2021-11-16 00:00:00

Enphase Energy, Inc. (NasdaqGM:ENPH) agreed to acquire ClipperCreek, Inc. on November 16, 2021. As a part of the transaction, Jason France, founder and Chief Executive Officer of ClipperCreek will join Enphase Energy, Inc. ClipperCreek offers electric vehicle (EV) charging solutions for residential and commercial customers in the U.S. ClipperCreek has been a pioneer in the EV charging market since 2006 and has sold more than 110,000 Level 2 AC charging stations since its inception. This acquisition extends Enphase leadership into home electrification by leveraging its power conversion and software platform to manage loads and resources within the home. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close by December 31, 2021.

Neutral

Enphase Energy, Inc. - Analyst/Investor Day

2021-11-09 13:09:00

Enphase Energy, Inc. - Analyst/Investor Day

Neutral

Enphase Energy, Inc. and Your Energy Solutions Expand Partnership with Battery Storage Systems

2021-11-08 13:00:00

Enphase Energy, Inc. announced that Your Energy Solutions, a Northern California-based residential clean energy systems installer and service provider, and an Enphase Installer Network Platinum member, is seeing growing interest in Enphase solar and battery storage systems as energy consumers prepare for increasingly common power shutoffs. Northern California homeowners are seeking out the services of Your Energy Solutions to help protect them from utility power shutoffs and extreme weather events. Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. The Enphase IQ™ Battery features Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safe operation through excellent thermal stability. The batteries are equipped with Enphase Power Start™ technology, which helps seamlessly power-up air conditioners and well-pumps. Homeowners have insight into their systems through the Enphase App, as well as the ability to go off-grid through the app. The Enphase IQ Battery offers over-the-air software upgrades and comes with a 10-year limited warranty with an optional 5-year limited warranty extension available for purchase. Enphase Installer Network Platinum members have the longest track record of exclusively installing Enphase products, while delivering exceptional quality and earning the highest customer satisfaction scores.

Neutral

Enphase Energy and Good Faith Energy Grow Battery Partnership in Texas

2021-11-01 12:00:00

Enphase Energy, Inc. announced Good Faith Energy, is seeing significant growth in deployments of Enphase Energy Systems following the Texas winter storms in February 2021.

Neutral

Enphase Energy, Inc. Provides Earnings Guidance for the Fourth Quarter of 2021

2021-10-26 20:05:00

Enphase Energy, Inc. provided earnings guidance for the fourth quarter of 2021. For the quarter, the company expects revenue to be within a range of $390 million to $410 million, which includes shipments of 90 to 100 megawatt hours of Enphase Storage systems.

Neutral

Tranche Update on Enphase Energy, Inc. (NasdaqGM:ENPH)'s Equity Buyback Plan announced on May 17, 2021.

2021-10-26 16:10:00

From July 1, 2021 to September 30, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for $0 million under the buyback announced on May 17, 2021.

Positive

Enphase Energy, Inc. Announces the All-In-One Enphase Energy System with Iq8 Solar Microinverters for Customers in North America

2021-10-25 12:00:00

Enphase Energy, Inc. announced the all-new, all-in-one Enphase Energy System with IQ8 solar microinverters for customers in North America. IQ8 is Enphase’s smartest microinverter yet. Unlike competing devices, IQ8 is capable of forming a microgrid during a power outage using only sunlight, providing backup power even without a battery. The Enphase Energy System with IQ8 comes in four different configurations: the first is “Solar Only”; the second is “Sunlight Backup” with no battery; the third is “Home Essentials Backup” with a small battery; and the fourth is “Full Energy Independence” with a large battery. While the first configuration is a standard grid-tied system, the remaining configurations are grid-agnostic systems which need an Enphase System Controller (formerly called Enpower smart switch) to island the home during an outage. For homeowners who want a battery, there are no sizing restrictions on pairing an Enphase battery with the solar system. And all configurations can be customized for homeowners with the help of Enphase installer partners. The IQ8 family includes five types of software-defined microinverters, IQ8, IQ8+, IQ8M, IQ8A and IQ8H, with peak output AC power of 245VA, 300VA, 330VA, 366VA and 384VA, respectively. The IQ8H microinverter is Enphase’s most powerful microinverter to date and has a California Energy Commission (CEC) efficiency of 97%. The multiple types of IQ8 enable seamless pairing with a full range of solar modules, even up to 540W DC.

Positive

Enphase Energy, Inc. Systems Offer Integration with Existing AC Home Standby Generators Further Enhancing Customer Experience

2021-10-21 12:00:00

Enphase Energy, Inc.  announced its home energy systems will soon integrate with most leading models of home standby AC generators, providing enhanced performance and a glitch-free transition for homeowners during power outages. Homeowners can also monitor real-time power flow, start and stop their generator remotely, set quiet hours to prevent their generator from operating until their batteries fall below a designated threshold, and control it all with the Enphase app. The new feature functions without a generator automatic transfer switch and eliminates the power glitches that reset home electronic appliances when switching to generator power. Enphase’s distributed AC architecture minimizes single points of failure inherent in the DC architecture of competitive solutions. These DC solutions generally rely on string inverters, which tend to limit available AC power. Enphase’s AC-coupled solution forms a microgrid which combines the AC power from solar, battery storage, and the generator seamlessly. And the Enphase solution is generally compatible with the existing installed base of millions of AC home standby generators.

Positive

Enphase Energy Launches Encharge™ Battery Storage Systems in Belgium

2021-10-18 12:00:00

Enphase Energy, Inc. announced that it has started shipping its Encharge™ battery storage systems to customers in Belgium, further expanding the product’s availability in the European market. Encharge battery storage systems are also currently available to customers in Germany and North America. The Encharge battery storage system offers storage configurations ranging from 3.5kWh to an aggregate 42kWh, along with the ability to upgrade through the lifetime of the system. Enphase delivers a safe solar-plus-storage solution designed to not expose installers or homeowners to high-voltage DC. The batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life and safe operation through excellent thermal stability. Homeowners have insight into their systems through the Enphase Envoy™ communications gateway, which connects Enphase systems to the Enphase Enlighten™ mobile app. Encharge batteries offer over-the-air software upgrades and come with a 10-year limited warranty.

Neutral

Enphase Energy, Inc., Q3 2021 Earnings Call, Oct 26, 2021

2021-10-12 12:00:00

Enphase Energy, Inc., Q3 2021 Earnings Call, Oct 26, 2021

Neutral

Enphase Energy IQ 7+ Microinverters Underpin 1.2 Mw Private Grid Network in Australia

2021-10-07 12:00:00

Enphase Energy, Inc. announced that The Links, South West Rocks, a retirement village in New South Wales, Australia, has selected Enphase IQ 7+™ microinverters to underpin a 1.2 MW private grid network. The village operator, Sea Spirit Lifestyle Communities, chose Enphase microinverter-based systems for the project because of their ease of installation, design flexibility, smart network connectivity, fire safety, and proven reliability. The initiative by Sea Spirit means it can offer lower energy costs to residents and expect to recover the AUD 1.3 million cost of deploying the Enphase-based renewable energy microgrid within approximately five years. Located on Australia’s New South Wales coast, South West Rocks is a popular gated land lease village for retirees seeking a sustainable and comfortable beachside lifestyle community. A key attraction for this carbon-neutral community, which will eventually feature 199 dwellings, is an embedded electricity network in which most residences are fitted with 16 x 370-watt solar panels. Each solar panel is equipped with an Enphase IQ 7+ microinverter to harvest and share solar energy throughout the village, including common use facilities such as swimming pools, the bowling club and streetlights. Enphase microinverters also enable standardized solar system installation kits for each home and negate the need to find a location on each building for a large string inverter box. IQ 7+ microinverters leverage Enphase's unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. Enphase microinverters are subjected to a rigorous reliability and quality testing regimen with more than one million cumulative hours of power-on testing to provide exceptional performance under heat, high humidity, salty air, extreme cold, and harsh climate conditions. The Company's microinverters are designed to be long-lived energy assets and are backed by a 10-year limited warranty in the Australian solar market, which can be extended for a fee to 15, 20, or 25 years. The Enphase microinverter systems will be outfitted with Enphase Envoy™ communications gateways, which connect an Enphase-based solar system to the Enphase Enlighten™ monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy.

Positive

Enphase Energy, Inc. Expands into Italy

2021-10-04 12:00:00

Enphase Energy, Inc. announced it has further strengthened its presence in the European residential solar market with its expansion into Italy. Enphase will provide the IQ 7 family of microinverters to residential installers across Italy. The Enphase microinverter systems for Italy include the IQ 7 family of microinverters, the Q-Relay safety devices, and the Enphase Envoy communications gateways, which connect Enphase systems to the Enphase Enlighten monitoring platform and make per-panel energy monitoring and insights for operations and maintenance easy. The Enphase microinverter systems meet Italy’s stringent regulatory requirement (CEI 0-21). The IQ 7 family of microinverters, which includes IQ 7, IQ 7+, IQ 7A, and IQ 7X, leverage Enphase’s unique software-defined architecture and semiconductor integration for excellent reliability and economies of scale. Enphase microinverters are subjected to a rigorous reliability and quality testing regimen with more than an aggregated one million hours of cumulative power-on testing to ensure exceptional performance under heat, high humidity, salty air, and cold. The company’s microinverters are designed to be long-lived energy assets and are backed by a 25-year limited warranty.

Positive

Enphase Energy, Inc. and Sunpro Solar Expands Partnership to Include Battery Storage

2021-09-30 12:00:00

Enphase Energy, Inc. announced that Sunpro Solar will now promote and install Enphase Encharge battery storage systems in addition to Enphase solar systems as its all-in-one home energy management solution. Sunpro currently serves homeowners in 21 states across the U.S. with plans to expand nationwide. Enphase delivers a safe solar-plus-storage solution which does not expose installers or homeowners to high-voltage DC. Enphase Encharge batteries feature Lithium Iron Phosphate (LFP) battery chemistry, which provides a long cycle life, safe operation through excellent thermal stability, and a UL9540A fire safety certification. Enphase batteries are equipped with Enphase Power Start technology, which helps seamlessly power-up air conditioners and well-pumps. Homeowners have insight into their systems through the Enphase Enlighten mobile app, including the ability to go off-grid from the app. Encharge batteries offer over-the-air software upgrades and come with a 10-year limited warranty with an optional 5-year limited warranty extension.

Positive

Enphase Energy, Inc. Enters the Brazilian Solar Market with Introduction of its IQ 7+™ Microinverters

2021-09-27 12:00:00

Enphase Energy, Inc. announced the company has entered the Brazilian solar market with the introduction of its IQ 7+™ microinverters. The company will start shipping its IQ 7+ microinverters for residential and small commercial installers across Brazil starting in October 2021. The company’s microinverter systems will be outfitted with Enphase Envoy™ communications gateways, which connect an Enphase-based solar system to the Enphase Enlighten™ monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy. IQ 7+ microinverters leverage the company’s software-defined architecture and semiconductor integration for excellent reliability and economies of scale. The company’s microinverters are subjected to a rigorous reliability and quality testing regimen with more than one million cumulative hours of power-on testing to provide exceptional performance under heat, high humidity, salty air, extreme cold, and harsh climate conditions. The company's microinverters are designed to be long-lived energy assets and are backed by a 20-year limited warranty in the Brazilian solar market.

Neutral

Enphase Energy, Inc. Provides Revenue Guidance for the Third Quarter of 2021

2021-07-27 20:05:00

Enphase Energy, Inc. provided revenue guidance for the third quarter of 2021. For the third quarter of 2021, the company estimates GAAP results as follows: Revenue to be within a range of $335.0 million to $355.0 million, which includes shipments of 60 to 70 megawatt hours of Enphase Storage systems.

Neutral

Tranche Update on Enphase Energy, Inc. (NasdaqGM:ENPH)'s Equity Buyback Plan announced on May 5, 2020.

2021-07-27 16:51:00

From April 1, 2021 to May 31, 2021, the company has repurchased 1,702,578 shares, representing 1.25% for $200 million. With this, the company has completed the repurchase of 1,702,578 shares, representing 1.25% for $200 million under the buyback announced on May 5, 2020.

Neutral

Tranche Update on Enphase Energy, Inc. (NasdaqGM:ENPH)'s Equity Buyback Plan announced on May 17, 2021.

2021-07-27 16:51:00

From May 13, 2021 to June 30, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for $0 million under the buyback announced on May 17, 2021.

Neutral

Enphase Energy, Inc., Q2 2021 Earnings Call, Jul 27, 2021

2021-07-13 12:00:00

Enphase Energy, Inc., Q2 2021 Earnings Call, Jul 27, 2021

Positive

Enphase Energy, Inc. Launches Encharge® Battery Storage System in Germany

2021-06-29 12:00:00

Enphase Energy, Inc. announced the launch of its Encharge battery storage system in Germany, the product’s first expansion into a market outside of the United States. The Encharge battery storage system offers configurations ranging from 3.5kWh to 42kWh, along with the option to upgrade and expand through the lifetime of the system. The introduction of battery storage to Enphase’s existing microinverter business in Germany will help meet installer and homeowner needs for a safe and reliable all-in-one solution. Homeowners can also use the Enphase Enlighten® mobile app to intelligently manage their solar energy in Self-Consumption Mode to minimize the use of electricity from the grid, which saves on energy bills. Installers in Germany can buy Encharge battery storage from IBC SOLAR AG, with more distributors coming online in the coming weeks. The Encharge battery's lithium iron phosphate (LSP) chemistry is safer by design, and Enphase microinverters provide better reliability without high-power DC voltage — putting product safety first where it matters most, at home. A passive cooling system provides better performance with fewer moving parts. And of course, if anything ever goes wrong, Enphase offers 24/7 support.

Fundamental Summary

Enphase's financial reports for Q1 showed some underwhelming results. Their growth, value, and income factors performance indicate that company management are not executing well their business plan. These troubling results make a strong case for underperformance and for anticipating a significant downside. Correspondingly, Enphase received a ranking of 52 and a UNDERPERFORM recommendation.

Enphase reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 441.29 million compared to USD 301.75 million a year ago. Net income was USD 51.82 million compared to USD 31.7 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.22 a year ago.

Business Description

Enphase, 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, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. 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 was incorporated in 2006 and is headquartered in Fremont, California.

Sector Overview

Enphase is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Enphase's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 2,263.3 8.9% 60
Liabilities 1,932.3 17.2% 89
Price to Book 83.5 46.6% 56
Cash & Equivalents 251.8 111.1% 97
Equity 331.0 -23.1% 39
EBITDA 266.6 3.9% 74
Total Revenues 1,521.6 10.1% 45
Parameter Value Change Score
Return on Equity 31.1 -2.2% 55
Net Cashflow -1,237.2 -120.9% 89
Capital Expenditure -54.7 -4.7% 64
Asset Turnover 0.7 -19.0% 41
Free Cashflow 2.4 7.5% 77

* All values are TTM

The below chart reflects Enphase's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Enphase's peer average final assessment score stands on 69.0, Enphase's score is 52.

  •  ENPH
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
SiTime Corporation 3.6B 59 64 62
Underperform
59
59 0 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 1 1
ACM Research, Inc. 917.6M 52 67 50
Underperform
50
50 2 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 3 1
Navitas Semiconductor Corporation 533.1M 67 53 90
Hold
72
72 4 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 5 1
CyberOptics Corporation 272.8M 75 71 72
Hold
78
78 6 1
NVIDIA Corporation 400.2B 71 63 82
Hold
76
76 7 1
Intel Corporation 154.5B 77 76 58
Hold
75
75 8 1
QUALCOMM Incorporated 147.4B 82 66 77
Buy
82
82 9 1
Texas Instruments Incorporated 142.2B 76 74 70
Buy
80
80 10 1
Advanced Micro Devices, Inc. 130.9B 88 59 57
Hold
68
68 11 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 12 1
Applied Materials, Inc. 82.7B 60 72 69
Hold
69
69 13 1
Analog Devices, Inc. 77.2B 69 65 84
Hold
78
78 14 1
Micron Technology, Inc. 64.6B 81 74 80
Strong Buy
89
89 15 1
Lam Research Corporation 60.8B 60 74 69
Hold
70
70 16 1
KLA Corporation 49.3B 66 67 74
Hold
72
72 17 1
NXP Semiconductors N.V. 40.5B 64 71 73
Hold
73
73 18 1
Marvell Technology, Inc. 38.5B 60 64 65
Hold
62
62 19 1
Microchip Technology Incorporated 33.0B 79 71 79
Buy
85
85 20 1
GLOBALFOUNDRIES Inc. 23.9B 78 70 63
Hold
75
75 21 1
ON Semiconductor Corporation 22.9B 81 73 70
Buy
82
82 22 1
Monolithic Power Systems, Inc. 18.5B 84 66 77
Buy
83
83 23 1
Skyworks Solutions, Inc. 15.5B 62 70 71
Hold
70
70 24 1
SolarEdge Technologies, Inc. 15.5B 81 53 43
Underperform
53
53 25 1
Teradyne, Inc. 15.3B 52 75 68
Hold
66
66 26 1
Entegris, Inc. 14.1B 70 69 65
Hold
70
70 27 1
Qorvo, Inc. 10.2B 67 72 73
Hold
75
75 28 1
Wolfspeed, Inc. 8.2B 74 69 55
Hold
66
66 29 1
First Solar, Inc. 7.2B 59 73 53
Underperform
60
60 30 1
Lattice Semiconductor Corporation 6.8B 68 71 77
Hold
78
78 31 1
MKS Instruments, Inc. 5.8B 70 74 59
Hold
70
70 32 1
Silicon Laboratories Inc. 5.3B 72 70 86
Buy
84
84 33 1
Universal Display Corporation 5.2B 75 68 71
Hold
76
76 34 1
CMC Materials, Inc. 5.1B 81 76 74
Strong Buy
87
87 35 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 36 1
Daqo New Energy Corp. 5.0B 93 65 89
Strong Buy
95
95 37 1
Synaptics Incorporated 4.9B 81 68 66
Hold
76
76 38 1
Power Integrations, Inc. 4.4B 61 80 82
Buy
82
82 39 1
Amkor Technology, Inc. 4.2B 75 70 60
Hold
71
71 40 1
Cirrus Logic, Inc. 4.1B 86 67 90
Strong Buy
92
92 41 1
Allegro MicroSystems, Inc. 4.0B 74 61 56
Hold
62
62 42 1
Onto Innovation Inc. 3.6B 78 67 85
Buy
85
85 43 1
Semtech Corporation 3.5B 67 75 77
Buy
80
80 44 1
MACOM Technology Solutions Holdings, Inc. 3.3B 70 76 68
Hold
77
77 45 1
JinkoSolar Holding Co., Ltd. 3.2B 89 62 74
Buy
81
81 46 1
FormFactor, Inc. 3.1B 84 80 67
Strong Buy
87
87 47 1
Diodes Incorporated 3.0B 62 76 72
Hold
75
75 48 1
SunPower Corporation 3.0B 61 49 74
Underperform
56
56 49 1
Silicon Motion Technology Corporation 2.8B 54 72 61
Hold
65
65 50 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 51 1
Nova Ltd. 2.7B 61 69 54
Hold
64
64 52 1
Ambarella, Inc. 2.6B 64 72 79
Hold
77
77 53 1
Kulicke and Soffa Industries, Inc. 2.6B 58 79 82
Buy
80
80 54 1
Rambus Inc. 2.4B 48 64 89
Hold
69
69 55 1
Canadian Solar Inc. 2.0B 59 72 71
Hold
71
71 56 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 57 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 58 1
Himax Technologies, Inc. 1.6B 77 70 66
Buy
79
79 59 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 60 1
Ultra Clean Holdings, Inc. 1.4B 63 63 61
Hold
60
60 61 1
Cohu, Inc. 1.3B 58 75 59
Hold
64
64 62 1
Photronics, Inc. 1.2B 69 71 82
Buy
81
81 63 1
SMART Global Holdings, Inc. 1.0B 86 65 62
Hold
75
75 64 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 65 1
Alpha and Omega Semiconductor Limited 929.5M 77 69 54
Hold
68
68 66 1
NeoPhotonics Corporation 838.5M 66 69 71
Hold
72
72 67 1
PDF Solutions, Inc. 808.6M 63 71 89
Buy
82
82 68 1
CEVA, Inc. 778.5M 73 71 71
Hold
77
77 69 1
Ichor Holdings, Ltd. 754.1M 60 67 58
Underperform
59
59 70 1
indie Semiconductor, Inc. 720.1M 44 43 85
Underperform
49
49 71 1
Magnachip Semiconductor Corporation 667.1M 74 90 57
Buy
82
82 72 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 73 1
Maxeon Solar Technologies, Ltd. 575.9M 53 49 84
Hold
60
60 74 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 75 1
Rigetti Computing, Inc. 413.5M 98 72 58
Buy
84
84 76 1
Meta Materials Inc. 396.9M 42 43 84
Underperform
47
47 77 1
Valens Semiconductor Ltd. 357.2M 75 65 66
Hold
75
75 78 1
Rockley Photonics Holdings Limited 305.7M 42 79 60
Underperform
59
59 79 1
Transphorm, Inc. 255.8M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Enphase's stock is now priced above its 50-day and 200-day, but below its 5-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the medium and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Enphase's stock appears overbought. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.

Neutral 62
Close Price 190.65
52W Low 119.97
52W High 267.74
5D MA 197.86
50D MA 176.62
200D MA 180.47
MACD 5.11
RSI 89.05
STOCH 57.57

Balance Sheet Analysis

Enphase's most recent balance sheet report was not encouraging. Enphase management produced disappointing equity metrics this period, which stood at 331.0, representing a -23.1% change. This parameter often affects companies in the same industry and market capitalization by up to 4.5%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Consequently, their equity movement received a grade of 39. Also, Enphase publishes discouraging results related to book value factors in this report. As of the current filing, price to book ratio (P/B) was reported as 83.5, representing a 46.6% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 8.4%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Consequently, their book value factors movement received a grade of 56. That said, one metric, Cash & Equivalents, stood out as strongly positive. Enphase reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 251.8, representing 111.1% change from the last report. This performance is significantly more impressive than its peers and competitors. It suggests that their stock price has room to grow to reflect its actual intrinsic value. The company's cash and cash equivalents movement, therefore, received a grade of 97. Because of these weaknesses, their balance sheet received an overall score of 58.

Parameter Value Change Score
Assets 2,263.3 8.9% 60
Liabilities 1,932.3 17.2% 89
Price to Book 83.5 46.6% 56
Cash & Equivalents 251.8 111.1% 97
Equity 331.0 -23.1% 39
* All values are TTM

The below chart describes Enphase's performance as reflected on its balance sheet with respect to its peers. While Enphase received a balance sheet score of 58, the average of its peers stands on 69.0.

  •  ENPH
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
SiTime Corporation 3.6B 57 67 66 73 64 59 0 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 1 1
ACM Research, Inc. 917.6M 87 57 51 43 50 52 2 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 3 1
Navitas Semiconductor Corporation 533.1M 37 80 80 62 79 67 4 1
Helix Technology Corporation 364.9M 65 78 79 85 52 65 5 1
CyberOptics Corporation 272.8M 71 66 72 64 86 75 6 1
NVIDIA Corporation 400.2B 78 70 65 97 54 71 7 1
Intel Corporation 154.5B 65 69 76 90 81 77 8 1
QUALCOMM Incorporated 147.4B 57 71 96 80 80 82 9 1
Texas Instruments Incorporated 142.2B 63 69 87 46 84 76 10 1
Advanced Micro Devices, Inc. 130.9B 93 61 78 96 80 88 11 1
Broadcom Inc. 102.5B 67 79 58 56 55 62 12 1
Applied Materials, Inc. 82.7B 71 72 63 41 55 60 13 1
Analog Devices, Inc. 77.2B 62 80 66 66 66 69 14 1
Micron Technology, Inc. 64.6B 73 69 85 76 74 81 15 1
Lam Research Corporation 60.8B 72 77 58 51 45 60 16 1
KLA Corporation 49.3B 75 62 73 53 66 66 17 1
NXP Semiconductors N.V. 40.5B 71 68 56 62 76 64 18 1
Marvell Technology, Inc. 38.5B 71 84 50 46 51 60 19 1
Microchip Technology Incorporated 33.0B 65 84 76 72 66 79 20 1
GLOBALFOUNDRIES Inc. 23.9B 81 65 74 82 74 78 21 1
ON Semiconductor Corporation 22.9B 74 68 77 89 82 81 22 1
Monolithic Power Systems, Inc. 18.5B 85 64 76 92 80 84 23 1
Skyworks Solutions, Inc. 15.5B 69 77 63 46 52 62 24 1
SolarEdge Technologies, Inc. 15.5B 77 62 78 96 85 81 25 1
Teradyne, Inc. 15.3B 49 81 62 45 47 52 26 1
Entegris, Inc. 14.1B 62 70 75 55 78 70 27 1
Qorvo, Inc. 10.2B 64 83 64 67 55 67 28 1
Wolfspeed, Inc. 8.2B 96 63 59 97 55 74 29 1
First Solar, Inc. 7.2B 76 70 50 58 58 59 30 1
Lattice Semiconductor Corporation 6.8B 53 79 78 60 64 68 31 1
MKS Instruments, Inc. 5.8B 60 73 73 76 72 70 32 1
Silicon Laboratories Inc. 5.3B 89 81 59 45 48 72 33 1
Universal Display Corporation 5.2B 57 76 83 85 69 75 34 1
CMC Materials, Inc. 5.1B 65 78 73 87 82 81 35 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 58 65 36 1
Daqo New Energy Corp. 5.0B 91 62 81 95 93 93 37 1
Synaptics Incorporated 4.9B 71 71 79 92 76 81 38 1
Power Integrations, Inc. 4.4B 56 82 58 79 53 61 39 1
Amkor Technology, Inc. 4.2B 70 68 75 74 77 75 40 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 73 86 41 1
Allegro MicroSystems, Inc. 4.0B 68 69 74 81 76 74 42 1
Onto Innovation Inc. 3.6B 83 70 67 72 73 78 43 1
Semtech Corporation 3.5B 58 79 68 67 64 67 44 1
MACOM Technology Solutions Holdings, Inc. 3.3B 65 75 74 38 74 70 45 1
JinkoSolar Holding Co., Ltd. 3.2B 86 62 77 94 94 89 46 1
FormFactor, Inc. 3.1B 72 70 84 82 80 84 47 1
Diodes Incorporated 3.0B 47 78 71 51 71 62 48 1
SunPower Corporation 3.0B 72 81 42 83 54 61 49 1
Silicon Motion Technology Corporation 2.8B 40 85 60 40 48 54 50 1
MaxLinear, Inc. 2.7B 68 71 75 85 74 76 51 1
Nova Ltd. 2.7B 86 45 75 48 82 61 52 1
Ambarella, Inc. 2.6B 46 75 74 86 65 64 53 1
Kulicke and Soffa Industries, Inc. 2.6B 46 83 60 76 56 58 54 1
Rambus Inc. 2.4B 43 83 41 95 54 48 55 1
Canadian Solar Inc. 2.0B 91 54 59 62 62 59 56 1
Axcelis Technologies, Inc. 1.9B 76 68 84 71 73 81 57 1
Credo Technology Group Holding Ltd 1.7B 94 61 78 79 86 88 58 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 59 1
Impinj, Inc. 1.4B 63 68 79 39 92 72 60 1
Ultra Clean Holdings, Inc. 1.4B 56 78 69 48 67 63 61 1
Cohu, Inc. 1.3B 53 82 57 59 58 58 62 1
Photronics, Inc. 1.2B 53 85 66 76 66 69 63 1
SMART Global Holdings, Inc. 1.0B 89 63 75 95 82 86 64 1
Veeco Instruments Inc. 1.0B 84 71 41 78 47 58 65 1
Alpha and Omega Semiconductor Limited 929.5M 89 63 68 87 67 77 66 1
NeoPhotonics Corporation 838.5M 89 66 49 72 64 66 67 1
PDF Solutions, Inc. 808.6M 54 81 63 90 51 63 68 1
CEVA, Inc. 778.5M 81 74 60 87 60 73 69 1
Ichor Holdings, Ltd. 754.1M 59 76 66 38 63 60 70 1
indie Semiconductor, Inc. 720.1M 48 54 72 56 55 44 71 1
Magnachip Semiconductor Corporation 667.1M 56 78 79 72 72 74 72 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 73 1
Maxeon Solar Technologies, Ltd. 575.9M 87 68 40 78 38 53 74 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 75 1
Rigetti Computing, Inc. 413.5M 93 62 85 99 98 98 76 1
Meta Materials Inc. 396.9M 51 78 42 41 51 42 77 1
Valens Semiconductor Ltd. 357.2M 92 70 66 45 72 75 78 1
Rockley Photonics Holdings Limited 305.7M 49 82 40 37 52 42 79 1
Transphorm, Inc. 255.8M 41 86 39 47 54 45 80 1

Income Statement Analysis

Enphase's recently published income statement conveys disappointing growth, particularly with respect to Revenue Efficiency and Return Factors metrics. Enphase reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 1521.6 and represented 10.1% change from the previous period. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. Consequently, their revenue efficiency received a grade of 45. Also, Return factors metrics and ratios were disappointing in this report. Enphase reported a return on equity (ROE) ratio of 31.1, representing a change of -2.2% from the last report.change of -2.2% from the previous period. This metric might have a 3.1 percent impact on companies in the same industry and with the same market capitalization. The company's return factor metrics return on equity and return on assets are even more concerning when compared to their peers. Therefore, their return factors component earned a score of 55. That said, one metric, EBITDA, stood out as strongly positive. Enphase's management was effective in improving its EBIDTA, which now sits at 266.6 and represents a 3.9% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its EBITDA component earned a score of 74. Its income statement, therefore, earned a score of 57.

Parameter Value Change Score
EBITDA 266.6 3.9% 74
Total Revenues 1,521.6 10.1% 45
Return on Equity 31.1 -2.2% 55
* All values are TTM

The below chart describes Enphase's performance as reflected on its income statement with respect to its peers. While Enphase received a income statement score of 57 , the average of its peers stands on 67.0.

  •  ENPH
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
SiTime Corporation 3.6B 40 93 78 64 0 1
Camtek Ltd. 1.1B 50 81 71 68 1 1
ACM Research, Inc. 917.6M 88 43 42 67 2 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 3 1
Navitas Semiconductor Corporation 533.1M 56 44 74 53 4 1
Helix Technology Corporation 364.9M 89 47 50 74 5 1
CyberOptics Corporation 272.8M 54 86 87 71 6 1
NVIDIA Corporation 400.2B 46 83 67 63 7 1
Intel Corporation 154.5B 90 55 74 76 8 1
QUALCOMM Incorporated 147.4B 48 87 78 66 9 1
Texas Instruments Incorporated 142.2B 69 78 70 74 10 1
Advanced Micro Devices, Inc. 130.9B 40 89 38 59 11 1
Broadcom Inc. 102.5B 59 80 90 71 12 1
Applied Materials, Inc. 82.7B 72 68 73 72 13 1
Analog Devices, Inc. 77.2B 40 91 92 65 14 1
Micron Technology, Inc. 64.6B 59 87 90 74 15 1
Lam Research Corporation 60.8B 80 64 75 74 16 1
KLA Corporation 49.3B 56 77 76 67 17 1
NXP Semiconductors N.V. 40.5B 59 79 90 71 18 1
Marvell Technology, Inc. 38.5B 41 89 87 64 19 1
Microchip Technology Incorporated 33.0B 57 83 92 71 20 1
GLOBALFOUNDRIES Inc. 23.9B 50 92 86 70 21 1
ON Semiconductor Corporation 22.9B 53 92 94 73 22 1
Monolithic Power Systems, Inc. 18.5B 45 90 83 66 23 1
Skyworks Solutions, Inc. 15.5B 69 71 63 70 24 1
SolarEdge Technologies, Inc. 15.5B 41 70 48 53 25 1
Teradyne, Inc. 15.3B 88 57 62 75 26 1
Entegris, Inc. 14.1B 56 80 80 69 27 1
Qorvo, Inc. 10.2B 76 65 63 72 28 1
Wolfspeed, Inc. 8.2B 49 90 86 69 29 1
First Solar, Inc. 7.2B 98 43 40 73 30 1
Lattice Semiconductor Corporation 6.8B 54 88 89 71 31 1
MKS Instruments, Inc. 5.8B 78 67 65 74 32 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 33 1
Universal Display Corporation 5.2B 71 64 61 68 34 1
CMC Materials, Inc. 5.1B 72 75 93 76 35 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 36 1
Daqo New Energy Corp. 5.0B 37 95 94 65 37 1
Synaptics Incorporated 4.9B 45 91 90 68 38 1
Power Integrations, Inc. 4.4B 80 76 82 80 39 1
Amkor Technology, Inc. 4.2B 63 76 77 70 40 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 41 1
Allegro MicroSystems, Inc. 4.0B 68 48 69 61 42 1
Onto Innovation Inc. 3.6B 47 87 89 67 43 1
Semtech Corporation 3.5B 64 84 87 75 44 1
MACOM Technology Solutions Holdings, Inc. 3.3B 74 77 72 76 45 1
JinkoSolar Holding Co., Ltd. 3.2B 38 89 82 62 46 1
FormFactor, Inc. 3.1B 79 76 83 80 47 1
Diodes Incorporated 3.0B 66 83 86 76 48 1
SunPower Corporation 3.0B 49 43 74 49 49 1
Silicon Motion Technology Corporation 2.8B 54 83 78 72 50 1
MaxLinear, Inc. 2.7B 56 92 96 75 51 1
Nova Ltd. 2.7B 41 89 78 69 52 1
Ambarella, Inc. 2.6B 56 89 79 72 53 1
Kulicke and Soffa Industries, Inc. 2.6B 73 82 85 79 54 1
Rambus Inc. 2.4B 48 86 60 64 55 1
Canadian Solar Inc. 2.0B 73 76 53 72 56 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 57 1
Credo Technology Group Holding Ltd 1.7B 38 88 61 60 58 1
Himax Technologies, Inc. 1.6B 53 84 66 70 59 1
Impinj, Inc. 1.4B 64 53 51 59 60 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 61 1
Cohu, Inc. 1.3B 92 53 49 75 62 1
Photronics, Inc. 1.2B 55 86 92 71 63 1
SMART Global Holdings, Inc. 1.0B 48 87 66 65 64 1
Veeco Instruments Inc. 1.0B 66 84 91 76 65 1
Alpha and Omega Semiconductor Limited 929.5M 62 75 76 69 66 1
NeoPhotonics Corporation 838.5M 45 95 90 69 67 1
PDF Solutions, Inc. 808.6M 49 95 88 71 68 1
CEVA, Inc. 778.5M 51 90 97 71 69 1
Ichor Holdings, Ltd. 754.1M 72 60 54 67 70 1
indie Semiconductor, Inc. 720.1M 37 46 71 43 71 1
Magnachip Semiconductor Corporation 667.1M 94 80 88 90 72 1
Mykrolis Corp. 657.1M 68 68 58 67 73 1
Maxeon Solar Technologies, Ltd. 575.9M 50 49 60 49 74 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 75 1
Rigetti Computing, Inc. 413.5M 92 43 69 72 76 1
Meta Materials Inc. 396.9M 37 45 72 43 77 1
Valens Semiconductor Ltd. 357.2M 41 86 65 65 78 1
Rockley Photonics Holdings Limited 305.7M 97 50 85 79 79 1
Transphorm, Inc. 255.8M 37 81 97 68 80 1

Cash Flow Analysis

Net Cash Flow and Free Cash flow stand out as the most significant drivers of Enphase's cash flow's strength. Enphase presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of -1237.2, which is a change of -120.9% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Hence, its net cash flow earned a score of 89. Also, Enphase's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Enphase recorded free cash flow of 2.4, which represents a 7.5% change from the previous report. This parameter coud affect companies in the same industry and market capitalization by up to 7.4%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Therefore, its free cash flow movement earned a score of 77. On the other hand, Asset Turnover, jumped out as looking rather underwhelming. Asset turnover metrics during this period were surprisingly weak. Their reported asset turnover metrics of 0.7, which represents a -19.0% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. The company's asset turnover metrics seem especially problematic relative to their peers. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 41. Because the company's management is doing an excellent job managing these critical metrics, the cash flow was given a score of 60.

Parameter Value Change Score
Net Cashflow -1,237.2 -120.9% 89
Capital Expenditure -54.7 -4.7% 64
Asset Turnover 0.7 -19.0% 41
Free Cashflow 2.4 7.5% 77
* All values are TTM

The below chart describes Enphase's performance as reflected on its cash flow with respect to its peers. While Enphase received a cash flow score of 60, the average of its peers stands on 67.0.

  •  ENPH
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
SiTime Corporation 3.6B 83 87 56 44 62 0 1
Camtek Ltd. 1.1B 69 70 74 72 71 1 1
ACM Research, Inc. 917.6M 61 43 50 54 50 2 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 3 1
Navitas Semiconductor Corporation 533.1M 70 87 94 93 90 4 1
Helix Technology Corporation 364.9M 75 62 63 56 61 5 1
CyberOptics Corporation 272.8M 49 74 89 77 72 6 1
NVIDIA Corporation 400.2B 93 65 61 86 82 7 1
Intel Corporation 154.5B 58 72 68 53 58 8 1
QUALCOMM Incorporated 147.4B 65 65 70 87 77 9 1
Texas Instruments Incorporated 142.2B 74 74 63 69 70 10 1
Advanced Micro Devices, Inc. 130.9B 93 66 69 37 57 11 1
Broadcom Inc. 102.5B 75 76 87 89 85 12 1
Applied Materials, Inc. 82.7B 75 59 69 72 69 13 1
Analog Devices, Inc. 77.2B 78 76 51 94 84 14 1
Micron Technology, Inc. 64.6B 81 85 81 74 80 15 1
Lam Research Corporation 60.8B 72 60 56 75 69 16 1
KLA Corporation 49.3B 70 76 52 79 74 17 1
NXP Semiconductors N.V. 40.5B 59 72 51 85 73 18 1
Marvell Technology, Inc. 38.5B 94 84 58 46 65 19 1
Microchip Technology Incorporated 33.0B 80 79 48 84 79 20 1
GLOBALFOUNDRIES Inc. 23.9B 54 86 45 64 63 21 1
ON Semiconductor Corporation 22.9B 60 79 55 74 70 22 1
Monolithic Power Systems, Inc. 18.5B 84 78 59 74 77 23 1
Skyworks Solutions, Inc. 15.5B 78 57 79 73 71 24 1
SolarEdge Technologies, Inc. 15.5B 46 38 55 52 43 25 1
Teradyne, Inc. 15.3B 75 65 66 68 68 26 1
Entegris, Inc. 14.1B 61 57 50 76 65 27 1
Qorvo, Inc. 10.2B 78 65 87 71 73 28 1
Wolfspeed, Inc. 8.2B 57 74 76 46 55 29 1
First Solar, Inc. 7.2B 47 85 56 46 53 30 1
Lattice Semiconductor Corporation 6.8B 79 77 43 82 77 31 1
MKS Instruments, Inc. 5.8B 58 58 92 56 59 32 1
Silicon Laboratories Inc. 5.3B 71 89 81 87 86 33 1
Universal Display Corporation 5.2B 75 81 68 65 71 34 1
CMC Materials, Inc. 5.1B 72 66 68 80 74 35 1
Tower Semiconductor Ltd. 5.1B 76 57 55 59 68 36 1
Daqo New Energy Corp. 5.0B 78 86 63 96 89 37 1
Synaptics Incorporated 4.9B 85 62 98 55 66 38 1
Power Integrations, Inc. 4.4B 88 77 64 82 82 39 1
Amkor Technology, Inc. 4.2B 46 57 62 71 60 40 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 90 41 1
Allegro MicroSystems, Inc. 4.0B 56 56 77 56 56 42 1
Onto Innovation Inc. 3.6B 94 65 88 85 85 43 1
Semtech Corporation 3.5B 79 78 58 79 77 44 1
MACOM Technology Solutions Holdings, Inc. 3.3B 46 78 54 78 68 45 1
JinkoSolar Holding Co., Ltd. 3.2B 68 69 73 78 74 46 1
FormFactor, Inc. 3.1B 78 81 66 58 67 47 1
Diodes Incorporated 3.0B 77 61 52 80 72 48 1
SunPower Corporation 3.0B 84 41 39 93 74 49 1
Silicon Motion Technology Corporation 2.8B 63 53 46 85 61 50 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 51 1
Nova Ltd. 2.7B 58 53 39 58 54 52 1
Ambarella, Inc. 2.6B 84 95 45 75 79 53 1
Kulicke and Soffa Industries, Inc. 2.6B 93 81 83 74 82 54 1
Rambus Inc. 2.4B 96 73 89 88 89 55 1
Canadian Solar Inc. 2.0B 69 70 74 66 71 56 1
Axcelis Technologies, Inc. 1.9B 81 77 68 84 82 57 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 58 1
Himax Technologies, Inc. 1.6B 66 77 48 77 66 59 1
Impinj, Inc. 1.4B 70 38 85 73 65 60 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 61 61 1
Cohu, Inc. 1.3B 92 62 71 44 59 62 1
Photronics, Inc. 1.2B 65 92 96 79 82 63 1
SMART Global Holdings, Inc. 1.0B 48 85 95 53 62 64 1
Veeco Instruments Inc. 1.0B 74 82 48 69 71 65 1
Alpha and Omega Semiconductor Limited 929.5M 49 64 45 60 54 66 1
NeoPhotonics Corporation 838.5M 50 63 67 87 71 67 1
PDF Solutions, Inc. 808.6M 81 98 45 92 89 68 1
CEVA, Inc. 778.5M 57 54 84 83 71 69 1
Ichor Holdings, Ltd. 754.1M 51 37 87 70 58 70 1
indie Semiconductor, Inc. 720.1M 69 80 52 98 85 71 1
Magnachip Semiconductor Corporation 667.1M 65 56 76 54 57 72 1
Mykrolis Corp. 657.1M 65 69 68 82 75 73 1
Maxeon Solar Technologies, Ltd. 575.9M 87 90 59 88 84 74 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 75 1
Rigetti Computing, Inc. 413.5M 48 76 51 60 58 76 1
Meta Materials Inc. 396.9M 85 56 68 97 84 77 1
Valens Semiconductor Ltd. 357.2M 53 89 90 47 66 78 1
Rockley Photonics Holdings Limited 305.7M 79 72 66 47 60 79 1
Transphorm, Inc. 255.8M 81 88 96 95 88 80 1

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