Street View: Analysts see Enphase demand turning, but stay divided

Enphase Energy

04/02/2026 12:49

Updates

** Enphase Energy ENPH.O beat revenue estimates on Tuesday; Q4 rev $343.30 million v/s est.of $340.59 million

** Expects Q1 2026 rev between $270 mln and $300 million vs analysts' estimates of $264.55 million, according to data compiled by LSEG

** Shares of ENPH up 23.5% at $46.03 premarket

SIGNS OF AN UPWARD INFLECTION

** RBC Capital Markets ("Outperform"; PT: $54) believes demand has bottomed and ENPH has a strong opportunity to drive a market share recovery in resi and capture share in commercial as it continues to roll out new products

** J.P. Morgan ("Neutral"; PT: $39 ) says that since ENPH held its initial 1Q26 outlook after 18 months of cuts, it believes it may be an "early indicator that ENPH's visibility is beginning to improve."

** Morgan Stanley ("Underweight"; PT: $30) says, "We look towards key execution milestones in the coming quarters before turning more positive on the company."

 (Reporting by Joel Jose and Dharna Bafna in Bengaluru)

 ((mail to: Joeljose@thomsonreuters.com))