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ENPH

Enphase EnergyB
Nasdaq / Semiconductors & Semiconductor Equipment
Last Price
Quote time unavailable
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Current thesis
A recovery in battery shipments, sustained non-GAAP margins and conversion of new commercial products could improve core growth. Enphase reported $937.7 million of cash, equivalents and marketable securities at Q2 end, while IQ SST offers longer-dated optionality rather than current revenue.
Posture
Constructive
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-27 · AMC.
What can break
IQ SST remains at the development and customer-inquiry stage; no booked data-center order is established by the cited release. [#SEC-8K-2026-07-28] Company earnings exhibit
Momentum
18
Value
68
Sentiment
53
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $29.00 · Bull $45.00 · Bear $20.00Analysis 2026-10-08; returns require an exact persisted reference.
Earnings
2026-10-27 · AMC
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-08 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $43.04
Why
Momentum18 · Δ7d +7.6
Value68 · Δ7d -0.5
Sentiment53 · Δ7d -3.1
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Next scheduled catalyst: earnings 2026-10-27 · AMC.
  • • Value remains the lead driver in the composite, 7D delta -0.5.

Contradictions & invalidation

  • • IQ SST remains at the development and customer-inquiry stage; no booked data-center order is established by the cited release. [#SEC-8K-2026-07-28] Company earnings exhibit
  • • Q2 revenue declined 20% year over year; battery MWh shipments fell 40% and product prices weakened. [#10-Q-2026-07-28] SEC filing
  • • Q2 revenue fell 20% year over year despite $84.3 million of safe-harbor revenue.

Catalyst clock

2026-10-27 · AMC

Core-growth estimate pressure

Lead driver: Value · See fundamentals
Momentum
18
8% active weight
Current posture
7d trendSoftening
Δ7d
+7.6
Δ21d
+10.6
Value
68
47% active weight
Current posture
7d trendFlat
Δ7d
-0.5
Δ21d
-0.6
Sentiment
53
45% active weight
Current posture
7d trendSoftening
Δ7d
-3.1
Δ21d
-40.6
Why this grade

Composite grade B. Momentum 17.6 / Value 67.7 / Sentiment 53.4

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-08. Scenario method

B+
Bull case
0%
Probability
Target price
$45.00
Analysis reference price unavailable
Analysis 2026-10-08 · RankAlpha Sentiment Codex
Most likely
B
Base case
0%
Probability
Target price
$29.00
Analysis reference price unavailable
Analysis 2026-10-08 · RankAlpha Sentiment Codex
B-
Bear case
0%
Probability
Target price
$20.00
Analysis reference price unavailable
Analysis 2026-10-08 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$4.18B
Beta
1.36
Shares Out
132.15M
P/E (TTM)
24.2
P/S (TTM)
2.94
P/FCF (TTM)
20.48
Rev YoY
-19.6%
EPS YoY
-2.6%
Gross Margin
+62.8%
Op Margin
+25.6%
Net Debt
-$269.07M
Current Ratio
3.45
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data