Enphase Energy Inc

ENPH: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Enphase Earnings: Demand Bottom Is (Finally) Here; Raising Fair Value Estimate to $42

Brett Castelli

Feb 4, 2026

Enphase reported fourth-quarter revenue of $343 million and gross margin of 46%. First-quarter revenue guidance of $285 million was consistent with our expectations, but management's confidence in a continued revenue recovery throughout 2026 sent shares sharply higher.

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Enphase Energy Inc

Enphase Earnings: Demand Bottom Is (Finally) Here; Raising Fair Value Estimate to $42

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