Enphase Energy · Tech
ENPH
$41.57
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.恩菲斯能源公司（EnphaseEnergy,Inc.）是一家总部位于加利福尼亚州弗里蒙特的美国能源技术公司，主要开发和制造面向住宅客户的太阳能微型逆变器、电池储能系统和电动汽车充电站。
High-beta momentum高贝塔动量
Mid cap中盘
$5B
Engine stance引擎立场2026-07-20
Neutral — no clear edge中性 — 无明显优势
Daily low forming, but the bigger trend is still bearish. Small size only; stop below 41.08.日线低点正在形成，但大趋势仍偏空。只适合小仓位；止损设于 41.08 下方。
Key Statistics关键统计
Price价格
$41.57
42.5% below 52-week high低于52周高点 42.5%
Market Cap市值
$5B
Normal volume正常成交量
P/E Ratio市盈率
31.7x
40.2x sector median
Beta贝塔
2.36
Moves about 2.4x the market波动幅度约为市场的 2.4 倍
RSI (14)RSI（14）
39
Depressed偏低
Next Earnings下次财报
2026-07-28 (9d)
Volatility Rank波动率分位
67th pctile
hist. vol. percentile历史波动率分位数
Short Interest空头兴趣
17.9% of float
Performance价格表现
| Period周期 | ENPH | S&P 500 | vs Index对比指数 |
|---|---|---|---|
| 1 Week近1周 | -7.3% | -1.5% | Lagged the index by 5.8 points落后指数 5.8 个百分点 |
| 1 Month近1月 | -13.0% | +0.6% | Lagged the index by 13.6 points落后指数 13.6 个百分点 |
| 3 Months近3月 | +28.0% | +4.7% | Beat the index by 23.3 points跑赢指数 23.3 个百分点 |
| 6 Months近6月 | +18.8% | +7.8% | Beat the index by 11.0 points跑赢指数 11.0 个百分点 |
| Year to date年初至今 | +23.2% | +9.1% | Beat the index by 14.1 points跑赢指数 14.1 个百分点 |
| 1 Year近1年 | +7.3% | +19.4% | Lagged the index by 12.1 points落后指数 12.1 个百分点 |
| 3 Years近3年 | -77.4% | +69.4% | Lagged the index by 146.8 points落后指数 146.8 个百分点 |
Technicals技术面
RSI (14)RSI（14）
39
Depressed偏低
vs 50-day相对50日均线
-18.3% vs 50-day avg
vs 200-day相对200日均线
+4.1% vs 200-day avg
Volatility rank波动率分位
67th percentile 分位
Engine reference levels — not advice引擎参考水平 — 非投资建议
Buy zone买入区间
$39.50
Don't chase above不追高于
$41.57
Stop止损
$41.08
Bounce — turn not confirmed; wait反弹 — 转向未确认，先观望
Earnings财务业绩
9
days until next report天后公布财报
2026-07-28
Estimates being cut预期下调
Post-earnings drift: +120.1% (20d)财报后漂移：+120.1%（20日）
Earnings call transcripts — coming soon财报电话会议记录 — 即将上线
Valuation估值
| Multiple指标 | ENPH | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 31.66x | 40.17 | 60% |
| P/B市净率 | 5.01x | 5.85 | 54% |
| P/S市销率 | 3.70x | 4.85 | 58% |
| Earnings yield盈利收益率 | 3.16% | 2.19 | 66% |
| FCF yield自由现金流收益率 | 1.76% | 3.05 | 30% |
| Shareholder yield股东收益率 | 2.38% | 2.16 | 55% |
| EV/EBITDA企业价值/EBITDA | 25.94x | 29.30 | 54% |
| P/FCF市值/自由现金流 | 56.82x | 30.46 | 23% |
Analyst price targets — coming soon分析师目标价 — 即将上线
Financials财务数据
Revenue营业收入
5yr CAGR5年复合增速: 13.7%
Earnings Per Share每股收益
Free Cash Flow自由现金流
Margins利润率
15.8%Return on Equity股本回报率
4.9%Return on Assets资产回报率
Leverage杠杆
| Net debt / EBITDA净债务/EBITDA | 3.07 |
| Current ratio流动比率 | 2.07 |
Capital Allocation资本配置
| Buybacks (TTM)回购（TTM） | $130.0M |
| Stock-based comp股权薪酬 | $214.1M |
| Share count change (1y)股数变化（1年） | -1.0% |
Piotroski皮奥特罗斯基 6/9
Altman Z阿尔特曼Z: grey (2.3)
Watch关注
Snapshot Gauges综合指标
Valuation vs Sector估值相对行业
Roughly fair vs sector相对行业估值合理
Cheaper than 51% of its sector on blended multiples综合估值倍数低于行业内 51% 的公司
Beta市场敏感度
2.36×
0.21×3×
Moves about 2.4× the market波动幅度约为市场的 2.4 倍
Financial Health财务健康
6/9
Altman阿尔特曼: grey
Adequate financial health财务健康状况一般
Dividend分红
—
Does not pay a dividend不派发股息
Why Is It Moving为何波动
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
ENPH weekly MACD crossed downENPH 周线MACD下穿
Ownership & Smart Money持仓与聪明钱
Insider activity内部人员活动: -$9.9M net (1 buyers, 3 sellers)-$9.9M 净值（1 买家，3 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Activity动作 | % of portfolio组合占比 | As of截至 |
|---|---|---|---|---|
| Coatue Management | A | New position新建仓 | 0.2% | 2026-03-31 |
| Soros Fund Management | B | exitexit | 0.0% | 2026-03-31 |
Signal History信号历史
COUNTERTREND BOUNCE
UNCONFIRMED TURN
Jul 10, 2026
ENPH weekly MACD crossed downENPH 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Jul 9, 2026
ENPH StochRSI turned up from oversoldENPH StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $44.89.StochRSI重回20上方 — 下行动量趋缓的最早预警。$44.89。
Jul 8, 2026
NEARING A LOW → UNCONFIRMED TURN接近低点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 7, 2026
UNCONFIRMED TURN → NEARING A LOW未确认转向 → 接近低点
GET READY准备
Jul 6, 2026
NEARING A LOW → UNCONFIRMED TURN接近低点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 1, 2026
UNCONFIRMED TURN → NEARING A LOW未确认转向 → 接近低点
GET READY准备
Jun 30, 2026
ENPH StochRSI turned up from oversoldENPH StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $49.24.StochRSI重回20上方 — 下行动量趋缓的最早预警。$49.24。
Showing last 15 of显示最近15条，共 242 signals条信号
Factor Profile因子特征
Composite factor score综合因子得分: -0.80
Value价值
-0.6
Profitability盈利能力
-0.7
Quality质量
-0.2
Investment资本投入
+0.0
Shareholder payout股东回报
-0.4
Low volatility低波动
-3.0
Low market beta低市场敏感度
-2.0
Earnings quality盈利质量
-1.0
Short interest空头兴趣
-0.8
Company Profile公司档案
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.恩菲斯能源公司（EnphaseEnergy,Inc.）是一家总部位于加利福尼亚州弗里蒙特的美国能源技术公司，主要开发和制造面向住宅客户的太阳能微型逆变器、电池储能系统和电动汽车充电站。
Demand chain:需求链： Contracted bookings (RPO) contracting (-10% YoY to ~$0B, 0.4× revenue) — signed demand locked in ahead of recognition已签约订单（RPO）收缩（同比-10%，约 $0B，覆盖营收 0.4 倍）——已锁定、尚未确认的需求
Watch items — what could change the thesis关注项 — 可能改变论点的因素
- Margin compression despite revenue growth
- Inventory build
Get the full picture获取完整视图
Nightly signals, options flow, and factor analysis across all S&P 500 names.每日更新的信号、期权资金流向和因子分析，覆盖所有标普500成分股。