Enphase Energy, Inc. (ENPH)
NASDAQ: ENPH · Real-Time Price · USD
66.23
+2.49 (3.91%)
Jun 2, 2026, 12:57 PM EDT - Market open

Enphase Energy Stock Forecast

Stock Price Forecast

According to 31 analysts polled by S&P Global, Enphase Energy stock has a consensus rating of "Hold" and an average price target of $43.01. The average 1-year stock price forecast is 35.06% lower than the current stock price, while the lowest is $27 (-59.23%) and the highest is $85 (+28.34%).

Price Target: $43.01 (-35.06%)
Analyst Consensus: Hold
TargetLowAverageMedianHigh
Price$27$43.01$38$85
Change-59.23%-35.06%-42.62%+28.34%

Analyst Ratings

The average analyst rating for Enphase Energy stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

RatingDec '25Jan '26Feb '26Mar '26Apr '26May '26
Strong Buy779888
Buy213333
Hold171917171615
Sell333323
Strong Sell421222
Total333233333131

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Roth MKM
Roth MKM
Buy
Reiterates
$85
BuyReiterates$85+28.34%May 21, 2026
Goldman Sachs
Goldman Sachs
Buy
Maintains
$51$57
BuyMaintains$51$57-13.94%May 20, 2026
Morgan Stanley
Morgan Stanley
Sell
Maintains
$28$27
SellMaintains$28$27-59.23%May 8, 2026
Barclays
Barclays
Sell
Reiterates
$31$30
SellReiterates$31$30-54.70%May 4, 2026
Bobby Zolper
Raymond James
No rating
Raymond James
Hold
Maintains
n/a
HoldMaintainsn/an/aMay 4, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
1.20B
from 1.47B
Decreased by -18.73%
Revenue Next Year
1.29B
from 1.20B
Increased by 8.05%
EPS This Year
0.29
from 1.29
Decreased by -77.62%
EPS Next Year
0.98
from 0.29
Increased by 239.45%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.38B2.33B2.29B1.33B1.47B1.20B
Revenue Growth
78.46%68.65%-1.72%-41.93%10.72%-18.73%
Gross Profit
554.42M974.60M1.06B471.64M448.30M523.64M
Gross Margin
40.12%41.81%46.20%35.45%30.44%43.74%
Operating Income
220.73M452.85M461.43M90.45M164.66M-7.01M
Net Income
145.45M397.36M438.94M102.66M172.13M41.02M
EPS
1.022.773.080.751.290.29
EPS Growth
7.81%171.79%11.23%-75.63%71.87%-77.62%
Forward PE
66.6652.3539.2420.0715.57229.30
Free Cash Flow
201.00M500.85M356.63M388.50M37.60M444.38M
FFO
-----270.10M
No. Analysts
-----27

Revenue Forecast

Revenue202620272028
High1.4B
Avg1.2B
Low1.1B

Revenue Growth

Revenue Growth202620272028
High
-6.4%
Avg
-18.7%
Low
-25.1%

EPS Forecast

EPS202620272028
High0.53
Avg0.29
Low0.11

EPS Growth

EPS Growth202620272028
High
-58.9%
Avg
-77.6%
Low
-91.5%
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by S&P Global Market Intelligence. The data is sourced from Wall Street analysts. Data sources.