Q3 EPS Estimate for Enphase Energy Decreased by Analyst

Enphase Energy, Inc. (NASDAQ:ENPH) – Analysts at Northland Securities reduced their Q3 2026 EPS estimates for shares of Enphase Energy in a research note issued to investors on Wednesday, July 29th. Northland Securities analyst G. Richard now expects that the semiconductor company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.28. The consensus estimate for Enphase Energy’s current full-year earnings is $0.84 per share. Northland Securities also issued estimates for Enphase Energy’s Q4 2026 earnings at $0.27 EPS, FY2026 earnings at $0.74 EPS and FY2027 earnings at $1.40 EPS.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $291.85 million for the quarter, compared to the consensus estimate of $289.76 million. Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%. The firm’s revenue was down 19.6% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share.

Several other analysts also recently weighed in on ENPH. Glj Research increased their target price on Enphase Energy from $21.70 to $24.47 and gave the company a “sell” rating in a research note on Tuesday, July 28th. Barclays raised Enphase Energy from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $30.00 to $51.00 in a research report on Thursday, June 18th. Mizuho lowered their price objective on shares of Enphase Energy from $54.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. UBS Group set a $56.00 target price on shares of Enphase Energy in a research report on Wednesday, July 29th. Finally, Roth Capital reissued a “buy” rating on shares of Enphase Energy in a report on Friday, May 22nd. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and an average price target of $45.61.

Enphase Energy Trading Down 6.8%

Enphase Energy stock opened at $38.95 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.95 and a current ratio of 3.45. The business’s 50-day simple moving average is $47.99 and its 200-day simple moving average is $43.91. The firm has a market capitalization of $5.15 billion, a PE ratio of 38.95 and a beta of 1.64. Enphase Energy has a 52 week low of $25.77 and a 52 week high of $73.74.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $67.50 per share, for a total transaction of $337,500.00. Following the completion of the purchase, the chief executive officer directly owned 1,645,632 shares in the company, valued at approximately $111,080,160. This trade represents a 0.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shanker Trivedi acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were bought at an average cost of $53.91 per share, for a total transaction of $53,910.00. Following the completion of the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at approximately $53,910. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 3,400 shares of company stock valued at $150,933. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ENPH. PFG Investments LLC raised its stake in shares of Enphase Energy by 2.2% in the fourth quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock valued at $391,000 after acquiring an additional 260 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its position in Enphase Energy by 77.8% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 350 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in Enphase Energy by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 26,375 shares of the semiconductor company’s stock valued at $845,000 after purchasing an additional 404 shares in the last quarter. Rakuten Securities Inc. increased its holdings in Enphase Energy by 33.6% during the 2nd quarter. Rakuten Securities Inc. now owns 1,629 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 410 shares in the last quarter. Finally, Saturna Capital Corp raised its position in Enphase Energy by 4.2% in the 1st quarter. Saturna Capital Corp now owns 10,957 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 442 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Key Enphase Energy News

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Enphase reiterated its commitment to U.S. manufacturing across residential and commercial solar, battery storage, and emerging AI data-center infrastructure. The company highlighted its IQ Microinverters, IQ Batteries, and planned IQ Solid-State Transformer platform, which could support long-term domestic growth and energy-infrastructure opportunities. Enphase Energy Reinforces U.S. Manufacturing Across Residential, Commercial, and AI Infrastructure
• Positive Sentiment: Broader pro-solar policy expectations recently lifted shares across the solar sector, including Enphase. However, the potential benefit is tempered by elevated interest rates and uncertain residential demand. SolarEdge Surges 8%, Enphase Climbs 5%, First Solar Rises 4% on Pro-Solar Policy Hopes
• Neutral Sentiment: Insider activity was mixed: several executives and directors sold shares, while Enphase President and CEO Badri Kothandaraman and another insider made purchases. Institutional activity was also divided, with some large funds adding shares and others reducing positions.
• Negative Sentiment: Northland Securities cut its Enphase EPS forecasts across multiple periods, including Q3 2026 to $0.18 from $0.28, Q4 2026 to $0.27 from $0.32, FY2026 to $0.74 from $0.95, and FY2027 to $1.40 from $1.49. Further reductions were made to 2027 quarterly estimates, signaling expectations for slower earnings growth.
• Negative Sentiment: Investors remain concerned that the expiration of the U.S. residential clean-energy tax credit could reduce homeowner demand. Enphase’s roughly $290 million–$320 million third-quarter revenue outlook implies only modest near-term improvement after second-quarter revenue of approximately $291.9 million. Enphase Energy Slides as Investors Weigh Soft Residential Solar Demand

About Enphase Energy

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.