ENPH Enphase Energy, Inc.

bearish · high conviction track record → $32.00 +0.63 (+2.0%)
Mkt Cap $4B P/E 24.2 fwd 11.5 52wk $25.78 - $55.41 Earnings 2026-04-28 1d ago
Insider selling: $64,560,664 sold by 10 insiders (30d)
Est. revisions: -0.1%
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model & Position History (net -1.2)

Factor Model

net -1.2 3.0 / 10
Est. Revisions
-0.0
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
-1.0
Narrative Gap
+0.0

Barclays Cuts Enphase Target to $31

Watch: Q1 earnings release and margin performance will be key to validating Barclays' cautious outlook and assessing demand amid tariff headwinds.

Full analysis

Barclays cut Enphase Energy's price target from $35 to $31 and maintained an Underweight rating ahead of Q1 2026 earnings. The company guided Q1 revenue between $270M and $300M with about 90% booked to midpoint. It expects GAAP gross margins of 40%-43%, including a 5-point tariff impact. Despite Middle East tensions, European solar demand remains mild. Insider selling dominates, with $41M sold versus some buying totaling just over $2M.

The lowered target and cautious rating reflect concerns over margin pressure from tariffs and muted demand, signaling potential near-term headwinds despite some booked revenue visibility.

Evidence

1d ago Insider buy by KOTHANDARAMAN BADRINARAYANAN (ENPH): $259,884
1d ago Insider buy by KOTHANDARAMAN BADRINARAYANAN (ENPH): $153,438
1d ago Insider buy by KOTHANDARAMAN BADRINARAYANAN (ENPH): $309,317
1d ago Insider buy by KOTHANDARAMAN BADRINARAYANAN (ENPH): $154,120
1d ago Insider buy by KOTHANDARAMAN BADRINARAYANAN (ENPH): $185,390
1d ago Insider buy by KOTHANDARAMAN BADRINARAYANAN (ENPH): $308,728
1d ago Insider buy by KOTHANDARAMAN BADRINARAYANAN (ENPH): $301,902
1d ago Insider sell by RODGERS THURMAN JOHN (ENPH): $41,103,456
7 older signals
1d ago Insider buy by YANG MANDY (ENPH): $416,972
2d ago Expand Energy (EXE) Price Target Cut by $5, ‘Outperform’ Rating Maintained
25d ago Enphase Energy, Inc. (ENPH) and Ensol Collaborate to Expand Home Battery Adoption in France
34d ago How Enphase’s (ENPH) Expanded Capital Good Fund Partnership Extends Its U.S. Microinverter Push
37d ago Vistra (VST) Expands Virtual Power Plant in Texas With Enphase Energy (ENPH)
41d ago First Solar, Enphase In Focus As 93% Of New US Power Goes Renewable
41d ago Alphabet, Nvidia upgraded: Wall Street's top analyst calls
Fundamentals & Data ▾
Enphase Energy, Inc. Technology · Solar
Mkt Cap
$4B
P/E
24.2 fwd 11.5
Beta
1.38
52w Range
$25.78 - $55.41
Short Interest
20.9M 21.86%
Days to Cover
4.1 -4%
Technicals downtrend
from 52w Hi
-8.4%
1w return
-0.1%
Insiders
mixed 4B / 4S
EPS Estimate
$0.45 -0.1% 30d 0up / 1dn
Est. Dispersion
53% 20 analysts
Analyst Target
$45 $27 - $85
Options P/C
0.63
Insider Cluster
strong buy 2B / 5S (officer)
Fund Convergence
strong Citadel, Two Sigma, Renaissance, D.E. Shaw, Soros
Financials
Revenue
$343M -10% YoY
FCF
$38M
Gross Margin
44%
Op Margin
6%
Momentum: decelerating
Top Holders
Citadel $181M
Two Sigma $84M
Renaissance $29M
D.E. Shaw $20M
Soros $14M
Recent Filings & Data
insider trade 39
net selling · $64,560,664 sold · $2,089,751 bought
10 insiders · 39 transactions (30d)
Recent transactions
RODGERS THURMAN JOHN · sell · $5,985,925
MORA RICHARD · sell · $57,254
KOTHANDARAMAN BADRINARAYANAN · buy · $259,884
KOTHANDARAMAN BADRINARAYANAN · award
YANG MANDY · award
ERGINSOY MARY · award
KOTHANDARAMAN BADRINARAYANAN · award
YANG MANDY · sell · $198,060
RODGERS THURMAN JOHN · sell · $4,369,140
KOTHANDARAMAN BADRINARAYANAN · buy · $153,438
KOTHANDARAMAN BADRINARAYANAN · buy · $309,317
KOTHANDARAMAN BADRINARAYANAN · buy · $154,120
KORTLANG BENJAMIN JOHN · award
MORA RICHARD · award
MALCHOW JOSEPH IAN · award
RODGERS THURMAN JOHN · award
GOMO STEVEN J · award
HAENGGI JAMIE ELIZABETH · award
KOTHANDARAMAN BADRINARAYANAN · buy · $185,390
YANG MANDY · sell · $83,519
RODGERS THURMAN JOHN · sell · $6,125,700
KOTHANDARAMAN BADRINARAYANAN · award
YANG MANDY · award
ERGINSOY MARY · award
KOTHANDARAMAN BADRINARAYANAN · buy · $308,728
KOTHANDARAMAN BADRINARAYANAN · buy · $301,902
RANHOFF DAVID A · sell · $616,348
RODGERS THURMAN JOHN · sell · $41,103,456
MORA RICHARD · award
MALCHOW JOSEPH IAN · award
RANHOFF DAVID A · sell · $594,120
RODGERS THURMAN JOHN · award
GOMO STEVEN J · award
GOMO STEVEN J · other
HAENGGI JAMIE ELIZABETH · award
KORTLANG BENJAMIN JOHN · award
YANG MANDY · buy · $416,972
GOMO STEVEN J · sell · $4,845,668
RANHOFF DAVID A · sell · $581,474
ⓘ Filing analysis pending — next scan runs every 12 hours
ⓘ Transcript analysis coming soon
15 signals · latest 1d ago

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