Enphase Energy, Inc.
At today's price, Enphase Energy, Inc. (ENPH) is priced for today's economics sustained for ~14.8 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- Enphase is classified mature but trades like a growth stock that has hit a wall, near $52.29 (as of June 27, 2026) at roughly 62 times operating income, implying a margin step-up to about 11.2 percent from the current 6.9 percent held for nearly eighteen years. No standard valuation family reaches that price. - The near-term reality is demand destruction from policy: U.S. residential revenue fell about 23 percent sequentially after the Section 25D residential tax credit expired, channel invent
Is ENPH overvalued? See what's priced in →
477 institutional managers reported holding ENPH in 13F filings for the quarter ended 2026-03-31. 81 opened new positions that quarter. Held by BlackRock, Vanguard Group, Alyeska Investment Group, among others. On the short side, 24.2M shares were sold short as of the 2026-06-15 count, about 18% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ENPH has cut its share count 2.8% over the past five years, spending $1.23B on repurchases. It pays no dividend. Cash returned over the past three years: $731.32M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ENPH over the trailing three years: 2023: 4 buys totaling $4.10M; 2024: 7 buys totaling $1.51M; 2025: 4 buys totaling $802k; 2026: 4 buys totaling $651k. 9 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ENPH's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2022-07-27 | +16.6% | +14.7% |
| 2022-10-26 | +15.2% | -8.4% |
| 2023-02-14 | -1.9% | +9.4% |
| 2024-04-24 | -3.0% | -3.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ENPH's latest 8-K filings: 2026-06-18 (items 8.01); 2026-06-15 (items 5.02); 2026-05-15 (items 5.02, 5.07, 9.01); 2026-04-28 (items 2.02, 9.01); 2026-04-06 (items 2.02, 8.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.