Stocktoria
Enphase Energy, Inc. ENPH
Enphase Energy, Inc. (ENPH) earns a Piotroski F-score of 6/9 (mixed financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2025 revenue was $1.5B at a 11.7% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.41 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-06-18 | Barclays | Equal-Weight (up) |
| 2026-06-17 | Bernstein | Market Perform (init) |
| 2026-06-11 | GLJ Research | Sell (reit) |
| 2026-05-20 | Goldman Sachs | Buy (main) |
| 2026-05-05 | Barclays | Underweight (main) |
| 2026-05-04 | Evercore ISI Group | In-Line (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 6/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.383 |
| Retained earnings / assets | -0.058 |
| EBIT / assets | 0.045 |
| Equity / liabilities | 0.449 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| ENPH | Enphase Energy, Inc. | 6/9 | 3.1 | 36.4 | +10.7% |
| DIOD | DIODES INC /DEL/ | 6/9 | — | 72.3 | +13% |
| TSEM | TOWER SEMICONDUCTOR LTD | 6/9 | 11.47 | 126.7 | +9.1% |
| PENG | Penguin Solutions, Inc. | 6/9 | 3.15 | 124.5 | +16.9% |
| CRDO | Credo Technology Group Holding Ltd | 6/9 | 16.35 | 94 | +205.7% |
| OSIS | OSI SYSTEMS INC | 5/9 | 4.92 | 24 | +11.3% |
| SYNA | SYNAPTICS Inc | 5/9 | 3.71 | — | +11.4% |
About Enphase Energy, Inc.
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories; IQ Battery and related accessories; IQ PowerPack 1500 and related accessories; IQ Combiner, IQ Gateway, and IQ Energy Router; cloud-based monitoring service; and electric vehicle charging solutions, as well as design, proposal, permitting, installation and solar appointment generation services, and Enphase Care services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.
FAQ
Is ENPH financially healthy?
Enphase Energy, Inc.'s Piotroski F-score is 6/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does ENPH pay a dividend?
No, Enphase Energy, Inc. does not currently pay a dividend.
How profitable is ENPH?
In FY2025, Enphase Energy, Inc. had a net margin of 11.7% and a return on equity of 15.8%.
Is ENPH overvalued or undervalued?
Enphase Energy, Inc. trades at about 31.6× trailing earnings — below its 10-year norm (10-year range 28.7×–83.0×, median 79.9×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for ENPH?
The average Wall-Street price target for Enphase Energy, Inc. is $48.51, about 19.0% above the recent price, from 26 analysts (consensus: hold).
Is ENPH a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Enphase Energy, Inc.: a Piotroski F-score of 6/9, an Altman Z″ in the safe zone, a P/E of about 36.4×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.