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Enphase Energy

  • Revenue$441.3 MFY, 2022
  • Market Capitalization$38.3 B2022-07-29

OverviewSuggest Edit

Enphase Energy is a company that manufactures and supplies micro inverter-based solar and battery systems. It offers microinverters, solar panels, AC modules, solar batteries, and other products.
TypePublic
Founded2006
HQFremont, CA, USMap
Websiteenphase.com
Employee Ratings3.7
View Jobs (343)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)2,260(+166%)
Job Openings343
Revenue (FY, 2022)$441.3 M(-68%)
Share Price (Jul 2022)$284.2(+4%)
Cybersecurity ratingCMore
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Key People/Management at Enphase Energy

Mandy Yang

Mandy Yang

Chief Financial Officer
Raghu Belur

Raghu Belur

Co-founder, Chief Products Officer
Badri Kothandaraman

Badri Kothandaraman

President and Chief Executive Officer
Hans Van Antwerpen

Hans Van Antwerpen

Chief Technology Officer
Aaron Gordon

Aaron Gordon

Vice President, Microinverter Business Unit
Jeff McNeil

Jeff McNeil

Chief Operating Officer
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Enphase Energy Office Locations

Enphase Energy has offices in Fremont, Austin, Meridian, Petaluma and in 7 other locations
Fremont, CA, US (HQ)
47281 Bayside Pkwy
Austin, TX, US
1835 Kramer Ln b 125
Austin, TX, US
9229 Waterford Centre Blvd #200
Meridian, ID, US
1819 S Cobalt Point Way
Petaluma, CA, US
1420 N McDowell Blvd
South Melbourne, AU
88 Market St
Show all (14)

Enphase Energy Financials and Metrics

Enphase Energy Revenue

Enphase Energy's revenue was reported to be $441.29 m in FY, 2022
USD

Revenue (Q2, 2022)

530.2m

Gross profit (Q2, 2022)

219.0m

Gross profit margin (Q2, 2022), %

41.3%

Net income (Q2, 2022)

77.0m

EBIT (Q2, 2022)

94.0m

Market capitalization (29-Jul-2022)

38.3b

Closing stock price (29-Jul-2022)

284.2

Cash (30-Jun-2022)

495.5m

EV

39.1b
Enphase Energy's current market capitalization is $38.3 b.
Annual
USDFY, 2019FY, 2020FY, 2021FY, 2022

Revenue

624.3m774.4m1.4b441.3m

Revenue growth, %

97%24%78%

Cost of goods sold

403.1m428.4m827.6m264.3m

Gross profit

221.2m346.0m554.4m177.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

205.5m125.5m178.5m301.8m316.1m351.5m441.3m530.2m

Cost of goods sold

124.9m77.2m83.5m178.8m188.3m211.2m264.3m311.2m

Gross profit

80.7m48.4m95.0m122.9m127.8m140.4m177.0m219.0m

Gross profit Margin, %

39%39%53%41%40%40%40%41%
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Annual
USDFY, 2019FY, 2020FY, 2021FY, 2022

Cash

251.4m679.4m119.3m251.9m

Accounts Receivable

145.4m182.2m333.6m358.3m

Prepaid Expenses

26.1m29.8m37.8m40.6m

Inventories

32.1m41.8m74.4m96.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

549.1m607.3m661.8m1.5b1.3b885.5m251.9m495.5m

Accounts Receivable

95.5m89.5m122.4m236.1m281.2m273.0m358.3m312.5m

Prepaid Expenses

27.8m29.3m28.5m31.4m34.7m35.5m40.6m45.5m

Inventories

34.6m31.2m37.5m34.9m37.8m65.4m96.4m130.3m
show all
Annual
USDFY, 2019FY, 2020FY, 2021FY, 2022

Net Income

161.1m134.0m145.4m51.8m

Depreciation and Amortization

14.1m18.1m32.4m15.6m

Inventories

(15.8m)(9.7m)(29.3m)(22.0m)

Accounts Payable

22.2m35.7m117.2m(1.8m)
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

68.9m21.6m61.0m31.7m71.0m92.9m51.8m128.8m

Depreciation and Amortization

3.8m8.0m12.8m5.6m13.2m21.5m15.6m30.8m

Inventories

(2.6m)870.0k(5.5m)6.9m4.0m(23.6m)(22.0m)(55.9m)

Accounts Payable

(22.1m)(35.4m)(9.2m)36.4m46.9m71.8m(1.8m)10.2m
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USDFY, 2019

EV/EBIT

29.7 x

EV/CFO

21.9 x

Revenue/Employee

1.1m

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

2.6 x

P/E Ratio

21.2
Show all financial metrics

Enphase Energy Operating Metrics

FY, 2019FY, 2020FY, 2021

Countries

130130130

Patents (Foreign)

778079

Patents (US)

233234250

Patents Pending (Foreign)

283360

Enphase Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
SolarLeadFactory LLCMarch 14, 2022
ClipperCreek IncDecember 31, 2021$113.1 m
365 Pronto, Inc.December 13, 2021$69.91 m
Sofdesk Inc.January 25, 2021$35.49 m
365 Pronto, Inc.
ClipperCreek, Inc.
Enphase Brasil Energia Solar LTDA
Enphase Energy Australia Pty. Ltd.
Enphase Energy Canada Holdings, Inc.
Enphase Energy Canada, Inc.
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Enphase Energy Revenue Breakdown

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Enphase Energy revenue breakdown by geographic segment: 19.8% from International and 80.2% from United States

Human Capital Metrics

Source: www.sec.gov, www.sec.gov, www.sec.gov
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Enphase Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

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Enphase Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Enphase Energy Online and Social Media Presence

Enphase Energy's Trends

Embed Graph

Enphase Energy News and Updates

August 01, 2022

Enphase Energy Announces Shipment Milestone with Salcomp

FREMONT, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that Salcomp, a global high-precision manufacturer, has shipped more than fi…
July 26, 2022

Enphase Energy Reports Financial Results for the Second Quarter of 2022

FREMONT, Calif., July 26, 2022 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the second quarter of 2022, which included the summary…
July 13, 2022

Enphase Energy Announces Conference Call to Review Second Quarter 2022 Financial Results

Tuesday, July 26, 2022 at 4:30 p.m. Eastern Time Tuesday, July 26, 2022 at 4:30 p.m. Eastern Time
July 11, 2022

Enphase Energy Expands Battery Storage in Rhode Island

FREMONT, Calif., July 11, 2022 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that installers of Enphase® products in Rhode Island have seen growing deplo…
July 06, 2022

Enphase Energy Expands IQ8 Microinverter Deployments in Massachusetts

FREMONT, Calif., July 06, 2022 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that installers of Enphase® products in Massachusetts have seen growing depl…
June 27, 2022

Enphase Energy Expands IQ8 Microinverter Deployments in Washington

FREMONT, Calif., June 27, 2022 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that installers of Enphase® products in Washington state have seen growing d…
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Enphase Energy Blogs

June 29, 2022

Installer Spotlight: ADT Solar

Installer Spotlight: ADT Solar What do you get when you combine leading smart home and business security with top-quality solar service? The answer is ADT Solar. At the end of 2021, ADT, a trusted provider of smart home solutions, acquired SunPro So…
June 21, 2022

Enphase Energy Expands IQ8 Microinverter Deployments in Texas

Enphase Energy Expands IQ8 Microinverter Deployments in Texas Content Import Tue, 06/21/2022 - 08:00 Enphase Energy Expands IQ8 Microinverter Deployments in Texas June 21, 2022 at 8:00 AM EDT General Releases General FRE…
June 16, 2022

Enphase Energy Expands IQ8 Microinverter Deployments in New York

Enphase Energy Expands IQ8 Microinverter Deployments in New York junard.deleon@… Thu, 06/16/2022 - 08:00 Enphase Energy Expands IQ8 Microinverter Deployments in New York June 16, 2022 at 8:00 AM EDT General Releases General …
June 14, 2022

Installer Spotlight: Solar Optimum

Installer Spotlight: Solar Optimum Solar Optimum was founded in 2008 by President and CEO Arno Aghamalian and quickly distinguished itself as a premiere installer of solar, battery storage, and roofing for residential and commercial customers in Calif…
June 13, 2022

Enphase Energy Expands Battery Storage in Puerto Rico

Enphase Energy Expands Battery Storage in Puerto Rico Content Import Mon, 06/13/2022 - 08:01 Enphase Energy Expands Battery Storage in Puerto Rico June 13, 2022 at 8:00 AM EDT General Releases General FREMONT, Calif., Ju…
June 09, 2022

Enphase Energy Expands IQ8 Microinverter Deployments in Southern California

Enphase Energy Expands IQ8 Microinverter Deployments in Southern California Content Import Thu, 06/09/2022 - 08:00 Enphase Energy Expands IQ8 Microinverter Deployments in Southern California June 9, 2022 at 8:00 AM EDT General Releases …
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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 Mandy Yang, Raghu Belur and Badri Kothandaraman.

  • How many employees does Enphase Energy have?

    Enphase Energy has 2,260 employees.

  • What is Enphase Energy revenue?

    Latest Enphase Energy annual revenue is $441.3 m.

  • What is Enphase Energy revenue per employee?

    Latest Enphase Energy revenue per employee is $195.3 k.

  • Who are Enphase Energy competitors?

    Competitors of Enphase Energy include Hanwha Techwin, Sensus Metering Systems and SolarEdge.

  • 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 7 other locations.

  • How many offices does Enphase Energy have?

    Enphase Energy has 14 offices.