Brokers Issue Forecasts for Enphase Energy FY2026 Earnings

Key Points

• Northland Securities cut its FY2026 EPS forecast for Enphase Energy to $0.42 from $0.74, though that remains above the current consensus estimate of $0.34. The firm also projects FY2027 EPS of $0.18.
• Enphase’s latest quarter missed expectations, with EPS of $0.41 versus $0.51 expected and revenue of $293.3 million versus $304.6 million expected. Revenue fell 28.5% year over year, reflecting continued weakness in solar demand.
• Analyst sentiment remains cautious: the stock has an average “Hold” rating and a consensus price target of $35.11, while Enphase trades near $25.65 after declining substantially from its 52-week high of $73.74.

Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) - Equities researchers at Northland Securities dropped their FY2026 earnings estimates for Enphase Energy in a note issued to investors on Wednesday, October 28th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will post earnings of $0.42 per share for the year, down from their previous forecast of $0.74. The consensus estimate for Enphase Energy's current full-year earnings is $0.34 per share. Northland Securities also issued estimates for Enphase Energy's Q4 2026 earnings at $0.02 EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at $0.05 EPS, Q3 2027 earnings at $0.11 EPS, Q4 2027 earnings at $0.06 EPS and FY2027 earnings at $0.18 EPS.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). Enphase Energy had a net margin of 7.49% and a return on equity of 9.16%. The business had revenue of $293.33 million during the quarter, compared to analysts' expectations of $304.59 million. During the same period last year, the company posted $0.90 EPS. Enphase Energy's revenue for the quarter was down 28.5% on a year-over-year basis.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group set a $30.00 price objective on Enphase Energy in a research note on Thursday. Craig Hallum set a $38.00 price target on Enphase Energy in a research report on Wednesday. Weiss Ratings cut shares of Enphase Energy from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday. Citigroup decreased their price objective on shares of Enphase Energy from $37.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Mizuho set a $34.00 price objective on Enphase Energy in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $35.11.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $25.65 on Monday. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 38.28 and a beta of 1.44. The firm has a fifty day moving average price of $33.63 and a 200-day moving average price of $40.96. Enphase Energy has a 1 year low of $23.83 and a 1 year high of $73.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.09 and a quick ratio of 3.56.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 1,500 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $40.36, for a total transaction of $60,540.00. Following the transaction, the director directly owned 10,422 shares in the company, valued at $420,631.92. This represents a 12.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.90% of the company's stock.

Hedge Funds Weigh In On Enphase Energy

Large investors have recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its holdings in Enphase Energy by 154.9% during the second quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company's stock valued at $103,953,000 after acquiring an additional 1,283,052 shares during the period. First Trust Advisors LP grew its position in shares of Enphase Energy by 42.4% in the 1st quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company's stock valued at $69,359,000 after purchasing an additional 546,460 shares during the period. Dimensional Fund Advisors LP lifted its stake in Enphase Energy by 37.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,361,157 shares of the semiconductor company's stock valued at $51,459,000 after acquiring an additional 373,212 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Enphase Energy in the 2nd quarter valued at about $43,921,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Enphase Energy by 79.2% during the first quarter. Principal Financial Group Inc. now owns 1,112,067 shares of the semiconductor company's stock worth $42,047,000 after acquiring an additional 491,488 shares during the period. Institutional investors and hedge funds own 72.12% of the company's stock.

Key Stories Impacting Enphase Energy

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

• Positive Sentiment: Enphase entered into an agreement to sell up to $100 million of U.S. advanced manufacturing tax credits. The transaction should provide cash and monetize tax benefits, potentially supporting liquidity during the solar downturn. Enphase Energy enters into tax credit transfer agreement
• Neutral Sentiment: Management is pursuing longer-term opportunities in AI data-center power technology and EV charging while working through excess channel inventory. These initiatives could diversify Enphase beyond residential solar, but investors remain uncertain about their timing and ability to offset near-term weakness. Enphase Energy solar slump and AI data-center ambitions
• Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.51 consensus estimate, while revenue of approximately $293.3 million missed expectations of $304.6 million and fell 28.5% year over year. Fourth-quarter guidance was also described as disappointing, reinforcing concerns about weak solar demand. Why Enphase shares are sliding
• Negative Sentiment: Oppenheimer, BMO Capital Markets, Sanford C. Bernstein and Roth Capital each issued more cautious views or reduced their price targets. The broadening analyst pessimism adds pressure to ENPH after the earnings miss and signals limited confidence in a near-term recovery. Enphase sinks on Q3 miss and analyst downgrades

About Enphase Energy

Enphase Energy, Inc develops and manufactures technology for residential and commercial solar energy systems. Its products include solar microinverters, which convert electricity generated by individual solar panels into usable power, along with integrated energy management technologies designed to improve system performance, monitoring and reliability.

The company also offers battery storage systems, electric vehicle chargers and software that enables customers, installers and utilities to monitor and manage distributed energy resources.

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