
Enphase Energy (ENPH) Stock Forecast & Price Target
Enphase Energy (ENPH) Analyst Ratings
Bulls say
Enphase Energy has demonstrated robust financial performance, with Q4 revenue reaching $343 million, exceeding consensus expectations primarily due to a 21% increase in US sell-through, reflecting strong demand ahead of regulatory changes. The company anticipates continued revenue growth in Q2, bolstered by expectations of healthy safe harbor volumes and commercial sales increasing from $5-10 million in 1Q26. Furthermore, Enphase’s strategic advantages in energy storage solutions and potential market share gains in California position it as a leading player with significant growth prospects across its core and expanded market segments.
Bears say
Enphase Energy's revenue in the United States has declined due to a significant drop in safe harbor revenue, totaling around $51 million, which has negatively impacted overall sales performance. The company’s gross margins are under pressure, with GAAP gross margins guided to approximately 41.5%, reflecting a decrease potentially exacerbated by reciprocal tariff impacts. Additionally, declining demand indicators in both the U.S. and EU markets, coupled with issues in inventory management and TPO conversions, could lead to increased volatility in revenue and margins, further contributing to a negative outlook.
This aggregate rating is based on analysts' research of Enphase Energy and is not a guaranteed prediction by Public.com or investment advice.
Enphase Energy (ENPH) Analyst Forecast & Price Prediction
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