ENPHASE ENERGY INC (ENPH) Forecast, Price Target & Analyst Ratings

NASDAQ:ENPH • US29355A1079

Current stock price

31.765 USD
-0.8 (-2.44%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for ENPHASE ENERGY INC (ENPH).

Forecast Snapshot

Consensus Price Target

Price Target
$44.10
+ 38.85% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 28, 2026
Period
Q1 / 2026
EPS Estimate
$0.45
Revenue Estimate
289.17M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
65.85%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$44.10
Upside
+ 38.85%
From current price of $31.77 to mean target of $44.10, Based on 41 analyst forecasts
Low
$21.92
Median
$41.82
High
$71.40

Price Target Revisions

1 Month
1.87%
3 Months
12.82%

Price Target Summary

41 Wall Street analysts provided a forecast for the next 12 months for ENPH. The average price target is 44.1 USD. This implies a price increase of 38.85% is expected in the next year compared to the current price of 31.765.
The average price target has been revised upward by 12.82% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

ENPH Current Analyst RatingENPH Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

ENPH Historical Analyst RatingsENPH Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30 40

Analyst Ratings Consensus

ChartMill Buy Consensus
65.85%
ENPH was analyzed by 41 analysts. The buy percentage consensus is at 66. So analysts seem to be have mildly positive about ENPH.
In the previous month the buy percentage consensus was at a similar level.
ENPH was analyzed by 41 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-09SusquehannaMaintains Neutral -> Neutral
2026-04-08BarclaysMaintains Underweight -> Underweight
2026-03-26JefferiesMaintains Buy -> Buy
2026-02-25JefferiesUpgrade Hold -> Buy
2026-02-04BMO CapitalUpgrade Underperform -> Market Perform
2026-02-04OppenheimerMaintains Outperform -> Outperform
2026-02-04Wells FargoMaintains Overweight -> Overweight
2026-02-04Roth CapitalReiterate Buy -> Buy
2026-02-04JP MorganMaintains Neutral -> Neutral
2026-02-04Goldman SachsMaintains Buy -> Buy
2026-02-04CitigroupMaintains Neutral -> Neutral
2026-01-22CitigroupUpgrade Sell -> Neutral
2026-01-20Goldman SachsUpgrade Neutral -> Buy
2026-01-15BarclaysMaintains Underweight -> Underweight
2026-01-05KeybancUpgrade Underweight -> Sector Weight
2025-12-29Northland Capital MarketsMaintains Outperform -> Outperform
2025-12-18Goldman SachsUpgrade Sell -> Neutral
2025-12-08JP MorganMaintains Neutral -> Neutral
2025-10-30Morgan StanleyMaintains Underweight -> Underweight
2025-10-29RBC CapitalMaintains Sector Perform -> Sector Perform
2025-10-29JP MorganMaintains Neutral -> Neutral
2025-10-29CitigroupMaintains Sell -> Sell
2025-10-23MizuhoDowngrade Outperform -> Neutral
2025-10-21CitigroupMaintains Sell -> Sell
2025-10-16JP MorganMaintains Neutral -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 28, 2026
Period
Q1 / 2026
EPS Estimate
$0.45
Revenue Estimate
289.17M
Revenue Q2Q
-18.79%
EPS Q2Q
-34.40%
Number of Analysts
29

Next Earnings Revisions

Revenue (1 Month)
-0.14%
Revenue (3 Months)
11.98%
EPS (1 Month)
0.32%
EPS (3 Months)
17.02%

Next Earnings Summary

ENPH is expected to report earnings on 4/28/2026. The consensus EPS estimate for the next earnings is 0.45 USD and the consensus revenue estimate is 289.17M USD.
The next earnings revenue estimate has been revised upward by 11.98% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
ENPH revenue by date.ENPH revenue by date.
2.291B
-1.72%		1.33B
-41.92%		1.473B
10.72%		1.275B
-13.44%		1.402B
9.96%		1.538B
9.70%		1.556B
1.17%		1.683B
8.16%		1.841B
9.39%		2.012B
9.29%		2.204B
9.54%
EBITDA
YoY % growth
ENPH ebitda by date.ENPH ebitda by date.
536.133M
4.69%		171.835M
-67.95%		259.002M
50.73%		349.92M
35.10%		423.32M
20.98%		462.47M
9.25%		622.43M
34.59%		633.2M
1.73%		622.82M
-1.64%		716.81M
15.09%		740.29M
3.28%
EBIT
YoY % growth
ENPH ebit by date.ENPH ebit by date.
461.425M
1.79%		90.446M
-80.40%		178.357M
97.20%		260.11M
45.84%		307.97M
18.40%		379.92M
23.36%		224.4M
-40.93%		209.1M
-6.82%		214.2M
2.44%		237.66M
10.95%		195.84M
-17.60%
Operating Margin
ENPH operating margin by date.ENPH operating margin by date.
20.14%6.80%12.11%20.40%21.97%24.70%14.42%12.42%11.63%11.81%8.89%
EPS
YoY % growth
ENPH eps by date.ENPH eps by date.
4.40
-4.76%		2.37
-46.14%		2.98
25.74%		2.23
-25.04%		2.78
24.51%		3.25
16.78%		3.88
19.34%		3.95
1.93%		3.93
-0.47%		4.24
7.91%		4.37
2.88%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		0.45
-34.40%		0.49
-29.54%		0.61
-32.32%		0.60
-15.01%		0.58
30.09%		0.64
30.88%		0.74
20.69%		0.75
24.40%		0.67
14.65%		0.77
20.70%		0.86
17.65%		0.90
19.26%
Revenue
Q2Q % growth		289.17M
-18.79%		304.51M
-16.15%		332.99M
-18.87%		331.38M
-3.48%		304.39M
5.26%		329.38M
8.17%		360.93M
8.39%		368.73M
11.27%		339.13M
11.41%		364.89M
10.78%		395.7M
9.63%		407.38M
10.48%
EBITDA
Q2Q % growth		69.445M
26.27%		77.768M
-5.31%		93.961M
-30.54%		89.745M
-11.01%		95.133M
36.99%		106.24M
36.61%		121.21M
29.00%		120.74M
34.54%		105.93M
11.35%		127.76M
20.26%		145.25M
19.83%		144.84M
19.96%
EBIT
Q2Q % growth		46.584M
32.78%		59.995M
42.41%		81.439M
8.52%		75.191M
272.27%		59.942M
28.68%		73.644M
22.75%		85.238M
4.66%		89.454M
18.97%		N/AN/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

ENPH Yearly Revenue VS EstimatesENPH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
ENPH Yearly EPS VS EstimatesENPH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 1 -1 2 3 4

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
2.91%
EPS Next 5 Year
5.80%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
0.93%
Revenue Next 5 Year
2.38%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
6.62%
EBIT Next 5 Year
10.66%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

ENPHASE ENERGY INC / ENPH Forecast FAQ

What is the price target for ENPH stock?

41 analysts have analysed ENPH and the average price target is 44.1 USD. This implies a price increase of 38.85% is expected in the next year compared to the current price of 31.765.

When does ENPHASE ENERGY INC (ENPH) report earnings?

ENPHASE ENERGY INC (ENPH) will report earnings on 2026-04-28, after the market close.

What are the consensus estimates for ENPHASE ENERGY INC (ENPH) next earnings?

The consensus EPS estimate for the next earnings of ENPHASE ENERGY INC (ENPH) is 0.45 USD and the consensus revenue estimate is 289.17M USD.

What is the expected long term growth rate for ENPHASE ENERGY INC (ENPH)?

The expected long term growth rate for ENPHASE ENERGY INC (ENPH) is 0.93%.