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Enphase Energy

OverviewSuggest Edit

Enphase Energy is an energy technology company that designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. The Company provides solar micro inverters, primarily into the residential and commercial markets. Microinverters convert the direct current power from the solar panel directly into the grid-compatible alternating current for use or export.

TypePublic
Founded2006
HQFremont, CA, USMap
Websiteenphase.com
Employee Ratings3.2More
View Jobs (122)

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Latest Updates

Employees (est.) (Dec 2019)577(+36%)
Job Openings122
Revenue (FY, 2020)$774.4 M(+25%)
Share Price (Mar 2021)$150.6(+6%)
Cybersecurity ratingDMore

Key People/Management at Enphase Energy

Martin Fornage

Martin Fornage

Co-Founder - Chief Technology Officer
Mandy Yang

Mandy Yang

Chief Accounting Officer and Corporate Treasurer
Ciaran Fox

Ciaran Fox

Vice President of Quality and Reliability
Raghu Belur

Raghu Belur

Co-founder, Chief Products Officer
Badri Kothandaraman

Badri Kothandaraman

Chief Executive Officer
Eric Branderiz

Eric Branderiz

Chief Financial Officer
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Enphase Energy Office Locations

Enphase Energy has offices in Fremont, Austin, Meridian, Petaluma and in 8 other locations
Fremont, CA, US (HQ)
47281 Bayside Pkwy
Austin, TX, US
9229 Waterford Centre Blvd #200
Meridian, ID, US
1819 S Cobalt Point Way
Petaluma, CA, US
1420 N McDowell Blvd
Beaconsfield, AU
2/26 Collins St
South Melbourne, AU
Level 6/60 Albert Rd
Show all (13)

Enphase Energy Financials and Metrics

Enphase Energy Revenue

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Enphase Energy's revenue was reported to be $774.43 m in FY, 2020
USD

Revenue (FY, 2020)

774.4m

Gross profit (FY, 2020)

346.0m

Gross profit margin (FY, 2020), %

44.7%

Net income (FY, 2020)

134.0m

EBIT (FY, 2020)

186.4m

Market capitalization (30-Mar-2021)

20.4b

Closing stock price (30-Mar-2021)

150.6

Cash (31-Dec-2020)

679.4m

EV

20.1b
Enphase Energy's current market capitalization is $20.4 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019FY, 2020

Revenue

216.7m232.8m343.9m357.2m322.6m286.2m624.3m774.4m

Revenue growth, %

48%4%(10%)

Cost of goods sold

161.4m165.4m230.9m249.0m264.6m230.1m403.1m428.4m

Gross profit

55.3m67.4m113.0m108.2m58.0m56.0m221.2m346.0m
Quarterly
USDQ1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

42.6m60.8m45.6m58.2m62.0m57.6m82.0m99.1m86.7m102.1m102.9m64.1m79.2m88.7m54.8m74.7m77.0m70.0m75.9m78.0m316.2m100.2m134.1m180.1m205.5m125.5m178.5m

Cost of goods sold

33.3m44.5m33.4m41.9m44.6m38.9m55.2m66.6m58.6m69.1m71.4m52.4m65.0m72.8m47.7m61.2m60.6m51.7m53.2m52.7m221.7m66.8m88.8m115.4m124.9m77.2m83.5m

Gross profit

9.3m16.3m12.2m16.3m17.4m18.7m26.8m32.5m28.0m33.0m31.5m11.8m14.1m15.9m7.0m13.5m16.5m18.3m22.7m25.3m94.4m33.3m45.3m64.7m80.7m48.4m95.0m

Gross profit Margin, %

22%27%27%28%28%32%33%33%32%32%31%18%18%18%13%18%21%26%30%32%30%33%34%36%39%39%53%
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019FY, 2020

Cash

45.3m38.2m42.0m28.5m17.8m29.1m251.4m679.4m

Accounts Receivable

27.7m32.1m45.1m46.1m65.3m145.4m182.2m

Prepaid Expenses

2.1m3.7m6.2m6.4m10.0m26.1m29.8m

Inventories

19.8m16.6m21.6m40.8m32.0m26.0m32.1m41.8m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

31.9m67.0m41.7m36.4m34.0m31.8m39.9m37.6m44.5m27.1m31.9m22.5m13.0m8.2m24.1m30.0m31.0m28.9m53.3m58.5m116.2m106.2m78.1m206.0m203.0m549.1m607.3m661.8m

Accounts Receivable

13.4m10.0m32.7m24.9m32.1m34.7m28.5m46.5m49.3m45.9m67.3m75.3m47.1m49.0m59.5m48.9m56.4m68.9m55.6m58.7m54.1m78.9m81.7m97.5m133.7m95.5m89.5m122.4m

Prepaid Expenses

2.3m2.6m2.0m2.5m2.7m3.2m4.3m5.6m5.2m7.1m8.1m7.1m7.2m7.9m7.2m10.1m13.3m13.3m20.4m20.7m21.6m20.9m22.7m26.3m24.6m27.8m29.3m28.5m

Inventories

25.7m31.0m16.7m22.3m17.9m24.4m14.1m15.7m15.5m34.7m34.1m36.7m45.6m39.3m39.1m33.8m20.8m25.3m18.5m17.5m17.9m16.3m13.0m20.1m30.2m34.6m31.2m37.5m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019FY, 2020

Net Income

(38.2m)(25.9m)(8.1m)(22.1m)(67.5m)(45.2m)161.1m134.0m

Depreciation and Amortization

5.6m7.0m8.3m10.5m11.3m9.0m14.1m18.1m

Inventories

(8.6m)3.3m(5.0m)(19.2m)8.8m6.0m(15.8m)(9.7m)

Accounts Payable

16.8m7.6m25.3m(2.6m)8.9m(5.1m)22.2m35.7m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(10.2m)(21.6m)(30.5m)(10.4m)(16.8m)(23.1m)(6.2m)(9.3m)(8.5m)(6.3m)(6.9m)(6.3m)(18.8m)(35.5m)(54.3m)(23.3m)(35.4m)(42.3m)(5.1m)(8.9m)(12.3m)(11.6m)2.8m13.4m44.5m68.9m21.6m61.0m

Depreciation and Amortization

1.1m2.5m3.9m1.7m3.4m5.1m1.9m3.9m6.0m2.5m5.1m7.7m2.7m5.4m8.0m2.3m4.6m6.8m2.3m4.5m7.0m9.7m3.6m7.7m11.6m3.8m8.0m12.8m

Inventories

(14.4m)(19.7m)(5.4m)(2.5m)1.9m(4.5m)2.5m856.0k1.1m(13.2m)(12.5m)(15.1m)(4.8m)1.5m1.7m(1.8m)11.1m6.6m7.5m8.5m8.1m9.7m3.3m(3.8m)(14.0m)(2.6m)870.0k(5.5m)

Accounts Payable

11.2m16.7m13.5m(759.0k)3.2m11.9m1.2m16.6m22.6m2.3m6.7m5.0m2.2m15.3m14.9m(17.5m)(14.1m)3.1m(11.7m)(3.8m)4.7m23.1m4.9m16.8m18.7m(22.1m)(35.4m)(9.2m)
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USDQ1, 2012

Financial Leverage

22.7 x
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Enphase Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

D

64/100

Learn more about our premium products
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Enphase Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
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Enphase Energy Online and Social Media Presence

Enphase Energy's Trends

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Enphase Energy News and Updates

March 29, 2021

Enphase Energy Joins Forces with Rubicon Energy to Provide Solar Solutions in South Africa

FREMONT, Calif., March 29, 2021 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, today announced the Company has entered into an agreement with Rubicon Energy t…
March 11, 2021

Enphase Energy Stock: Buy The Dip?

Solar microinverter manufacturer Enphase Energy stock has dropped by about -13% over the last five days and remains down by -23% over the last month, driven by the broader sell-off in growth stocks on account of fears of higher inflation and rising bond yields. Enphase stock, which has been a...
March 08, 2021

Enphase Energy and Urban Solar Partner on 719 kW Multifamily Solar Site in Florida

FREMONT, Calif., March 08, 2021 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, today announced that Urban Solar has deployed a large-scale commercial solar sy…
February 26, 2021

Powur and Enphase Energy Jointly Launch Solar-plus-Storage at Scale Up Event

FREMONT, Calif., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, officially launched Enphase Solar and Storage products on the Powur platform at …
February 24, 2021

Enphase Energy Announces Proposed $1.0 Billion Green Convertible Senior Notes Offering

FREMONT, Calif., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (Nasdaq: ENPH) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of green Convertible Senior Notes due 2026 (the “2026 notes”) and $500 million ag…
February 08, 2021

Enphase Energy to Acquire the Solar Design Services Business of DIN Engineering Services

Offers Installers Services to Streamline the Design, Proposal, and Permitting Process Offers Installers Services to Streamline the Design, Proposal, and Permitting Process
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Enphase Energy Blogs

April 19, 2021

Enphase Energy and REA Global Power the First Electric Bus in Australia

Enphase Energy and REA Global Power the First Electric Bus in Australia Filomeno.Lacap… Mon, 04/19/2021 - 08:02 Enphase Energy and REA Global Power the First Electric Bus in Australia April 19, 2021 at 8:00 AM EDT This release is a backfill from a News Wire …
April 14, 2021

Enphase Grid services - Register (EN-US)

Grey Left <h2 style="font-family:Roboto; font-weight: 500; font-size:30px;"><span style="max-width: 600px;display:block;margin: 0 auto;text-align: left;text-align:center">Register your interest now</span></h2>
April 14, 2021

Enphase Grid services managment(EN-US)

Advanced software is necessary to successfully orchestrate the ever-growing number of distributed energy resources on the grid. The Enphase management platform is a fully customizable cloud interface that enables full visibility and control of your virtual power plants. White Center …
April 14, 2021

Enphase Grid services Participant benefits(EN-US)

Increasegrid resiliencyand stability. Managesupplyshortages. Decreasecongestion andother T&D issues. Tap into theunderutilizedvalue of DERs. Avoid buildingcostly newinfrastructure. White Left …
April 14, 2021

Enphase Grid services - icons (EN-US)

Earn cash with your Enphase Storage system. Quickand painlessdigital enrollment. Manageparticipationfrom your app. Keep backup functionality for when you need it. Support cost-effectiveand reliable energy inyour community. …
April 14, 2021

Enphase Grid services - vpp (EN-US)

White Center
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 Enphase Energy Frequently Asked Questions

  • When was Enphase Energy founded?

    Enphase Energy was founded in 2006.

  • Who are Enphase Energy key executives?

    Enphase Energy's key executives are Martin Fornage, Mandy Yang and Ciaran Fox.

  • How many employees does Enphase Energy have?

    Enphase Energy has 577 employees.

  • What is Enphase Energy revenue?

    Latest Enphase Energy annual revenue is $774.4 m.

  • What is Enphase Energy revenue per employee?

    Latest Enphase Energy revenue per employee is $1.3 m.

  • Who are Enphase Energy competitors?

    Competitors of Enphase Energy include Sensus Metering Systems, SolarEdge and Maxwell Technologies.

  • Where is Enphase Energy headquarters?

    Enphase Energy headquarters is located at 47281 Bayside Pkwy, Fremont.

  • Where are Enphase Energy offices?

    Enphase Energy has offices in Fremont, Austin, Meridian, Petaluma and in 8 other locations.

  • How many offices does Enphase Energy have?

    Enphase Energy has 13 offices.