ENPH

Enphase Energy, Inc.

Energy · $4.3B market cap

Verdict

Share price

$33.47

close of Oct 3, 2026

Fair value

$11.21

Sticker Price

Payback Price

$4.48

buy price

Overpriced

ENPH is Overpriced: at $33.47 it trades 199% above its fair value of $11.21. Its buy price (Payback Price) is $4.48, 87% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew -14% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth5.5% a year✗
Equity per share growth22.3% a year✓
Sales growth19.4% a year✓
Free cash flow growth47.2% a year✓
Return on invested capital6.9%✗

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Superinvestors

1 of the investors we track holds ENPH. In Q1 2026, 1 added. Who we track

Moves in Q1 2026

Added: Howard Marks

Insider activity

Since Jun 11, 2026: 1 open-market purchase worth $54K, 2 sales worth $134K and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Purchases

Sales

Other filings

About Enphase Energy, Inc.

Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy…

Solar

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works