Enphase Energy (ENPH) closed at $31.35, down 2% and underperforming the S&P 500's 1.21% loss. The solar technology company faces headwinds with a Zacks Rank #4 (Sell) rating.
Upcoming Q3 earnings on October 27, 2026 are expected to show significant declines: EPS projected at $0.47 (down 47.78% YoY) and revenue at $303.72 million (down 26% YoY). Full-year estimates also reflect weakness with earnings down 35.81% and revenue down 19.66%. The stock trades at a Forward P/E of 16.87, above its industry average of 13.4, while the Solar industry ranks in the bottom 12% of all industries.