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No insider purchase over the last 90 days. The latest was filed 15 Jun 2026.
Enphase Energy, Inc.: what insiders have been doing
This page follows insider dealings at Enphase Energy, Inc. as filed with SEC (Form 4), a company from the Energy sector based in Petaluma, United States. The group dates from 2006. From 18 October 2025 to 18 October 2026, the disclosure feed for Enphase Energy, Inc. logged 31 filings by 11 insiders.
The record shows 4 purchases on the open market worth €433k, made by 2 insiders, against 7 sales worth €9.2M by 2 insiders. The totals do not cover 1 filing with an undisclosed amount. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. At €5.2M, the sale published on 17 March 2026 by Rodgers Thurman J is the largest of the period. Among those who bought: 1 senior executive and 1 chief executive.
The last purchase on record was published on 15 June 2026, which is 125 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. US insiders must file a Form 4 within two business days of a trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
For context, the typical company on the same exchange (median of 5,810 companies) published 19 filings over the same period, against 31 filings here. Our records for Enphase Energy, Inc. go back to 2016, with 17 purchases and 47 sales on the open market in total. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 1.47 bn USD and net income at 172.1 m USD.
In the same sector, recent insider purchases at RGC Resources Inc and Terawulf Inc. also feature in our signals. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
205
Thresholds
n/a
Buy Volume
€11M
17 ops. · all time
Sell Volume
€102M
47 ops. · all time
Who traded when
BuySaleBadrinarayanan Kothandaraman7 buys
Richard Mora5 sales
Thurman J. Rodgers3 sales
Mandy Yang1 sale
Shanker Trivedi1 buy
Since the insiders bought
- -38.7%Entry US$50.26 · Close 15 Oct 2026 US$30.82
- -28.8%Entry US$49.80 · Close at T+90 US$35.47
- -61.1%Entry US$114.20 · Close at T+365 US$44.42
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Enphase Energy, Inc. Buy (bullish), based on 26 analysts. Average price target: US$51.01.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 11,472 of 24,158 companies
52.9
score / 100
Value46
Quality60
FCF yld2.4%
Earn yld4.2%
EV/EBITDA18.2x
ROE13%
Gross mgn47%
Net mgn12%
Debt/EBITDA4.2x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$32.03
Analyst consensus
26 analystsBuy
US$27.00Target US$51.01(+59%)US$212.00
Income statement
RevenueUS$1.5B
Gross profitUS$687M47% margin
EBITDAUS$290M20% margin
Net incomeUS$172.1M10.1% margin
Valuation
PER (trailing)32.0x
PER (forward)14.7x
P/Book3.6x
Beta1.63
Balance sheet & cash
Market capUS$4.2B
Total debtUS$1.2B
Free Cash FlowUS$95.9M
Debt / Equity52%
Profitability & ownership
ROE13.0%
ROA2.4%
% insiders3.0%
% institutions96.7%
Last declaration on 14 August 2026
Declarations205 total
1,500 shares@ US$40.36480.0014% mcap45.0% of flowCommonSEC144:0001950047-26-008183
1,500 shares@ US$40.36480.0014% mcap4.5% of flowCommon StockSEC:0001599770-26-000007:0
2,000 shares@ US$36.76010.0017% mcap5.5% of flowCommon StockSEC:0001599770-26-000006:0
2,000 shares@ US$36.76010.0017% mcap55.0% of flowCommonSEC144:0001950047-26-007426
4,551 sharesCommon StockSEC:0001337887-26-000004:0
1,000 sharesCommon StockSEC:0001337887-26-000004:1
Canonical exit: 10 Sept 2026 (T+90)
700 shares@ US$64.200.0009% mcap3.3% of flowCommon StockSEC:0001599770-26-000005:0
700 shares@ US$46.390.0007% mcap2.4% of flowCommon StockSEC:0001599770-26-000004:0
5,952 shares0Common StockSEC:0001183967-26-000002:0
5,952 shares0Common StockSEC:0001807142-26-000001:0
5,952 shares0Common StockSEC:0001399678-26-000001:0
5,952 shares0Common StockSEC:0001543816-26-000001:0
6,428 shares0Common StockSEC:0001224095-26-000002:0
5,952 shares0Common StockSEC:0001599770-26-000003:0
137,250 shares@ US$43.613313.7% of flowCommon StockSEC:0001183967-26-000001:0
1,322 shares@ US$43.590.6% of flowCommon StockSEC:0001645551-26-000004:0
4,883 shares@ US$42.270.6% of flowCommon StockSEC:0001543777-26-000004:0
464 shares@ US$42.2739.4% of flowCommon StockSEC:0002022111-26-000003:0
1,664 shares@ US$42.270.7% of flowCommon StockSEC:0001645551-26-000003:0
1,100 shares@ US$52.04884.1% of flowCommon StockSEC:0001599770-26-000002:0
750 shares@ US$51.0640.1% of flowCommon StockSEC:0001543777-26-000003:0
Canonical exit: 6 May 2026 (T+90)
10,560 shares0Common StockSEC:0002022111-26-000002:0
21,120 shares0Common StockSEC:0001645551-26-000002:0
33,000 shares0Common StockSEC:0001543777-26-000002:0
21,120 shares0Common StockSEC:0001645551-26-000001:0
25 of 205 declarations
About Enphase Energy, Inc.
Enphase Energy, Inc. is a U.S.-based energy technology company listed on the NASDAQ under ticker ENPH, with headquarters in Fremont, California, United States. Founded in 2006 by Raghu Belur and Martin Fornage, Enphase built its identity around microinverter technology and has evolved into a provider of integrated energy systems rather than a pure component supplier.
The company’s core business centers on microinverters, which convert electricity at the individual solar-panel level. Compared with traditional string inverter architectures, this design can improve system-level performance, simplify module-level monitoring, and increase resilience and flexibility. Enphase has expanded this foundation into a broader home and commercial energy platform that includes IQ Battery storage systems, energy-management hardware and software, IQ EV Chargers, and virtual power plant (VPP) capabilities. In practice, the company aims to help customers generate, use, store, and in some cases sell their own electricity through a connected ecosystem.
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From a competitive standpoint, Enphase is positioned as one of the best-known premium brands in residential solar electronics, with a strong reputation tied to reliability, software integration, and a tightly controlled ecosystem. Its route to market relies heavily on a large installer network, which is important because adoption depends on installers specifying and deploying the company’s systems. Enphase also has a meaningful international footprint, with products and deployments across North America, Europe, and other solar markets. This geographic diversification gives it exposure to multiple regulatory and demand environments, while still leaving it sensitive to solar-installation cycles and policy incentives.
Recent company developments point to continued product expansion and commercialization beyond the traditional residential use case. In 2026, Enphase announced U.S. pre-orders for its IQ9S commercial microinverters, development work on an IQ solid-state transformer targeted at AI data centers, and expanded shipments from U.S. manufacturing facilities. The company also highlighted new safe-harbor agreements and broader commercial microinverter deployment efforts. These updates suggest a strategy focused on technology leadership, higher-value commercial applications, and deeper U.S. manufacturing localization.
For investors, Enphase remains a technology-driven clean-energy name with strong structural relevance, but also meaningful exposure to solar market cyclicality, competitive pricing pressure, and policy-dependent demand trends. Its listing on the NASDAQ in the United States makes it a closely watched U.S. growth and energy-transition stock.
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