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Enphase shares tumble ahead of Q2 earnings after sharp pullback
Enphase closed at $36.70 on July 24, down 23.3% over the prior month and 50.2% below its 52-week high of $73.74, with the company set to report Q2 results on July 28.
Enphase Energy is heading into its Q2 earnings report on July 28 after its stock pulled back sharply, trading at about 19 times forward earnings. The company also reported it ended 2025 with $474.3 million in cash.
According to Yahoo Finance, Enphase closed at $36.70 on July 24, down 23.3% from a month earlier and 50.2% below its 52-week high of $73.74. The article also cites a Wall Street mean price target of $48.47 and fair value frameworks that place the stock below intrinsic value.
The piece highlights that Enphase’s IQ Meter Collar has cleared 52 U.S. utilities serving roughly 30 million customer accounts. It adds that certified battery installer counts rose from 19,500 to more than 22,000, and that a new safe harbor agreement is expected to add about $68 million over 12 to 24 months.
On operating performance and capital actions, Yahoo Finance says Enphase generated $172 million in net income and $96 million in free cash flow in 2025. It also notes buyback activity, including about $130 million repurchased in the first half of 2025, plus $268.7 million of remaining buyback authorization.