Street View: Analysts see Enphase demand turning, but stay divided

Enphase Energy ENPH.O beat revenue estimates on Tuesday; Q4 rev $343.30 million v/s est.of $340.59 million

Expects Q1 2026 rev between $270 mln and $300 million vs analysts' estimates of $264.55 million, according to data compiled by LSEG

Shares of ENPH up 34.6% at $50.18, hitting its highest level since May 2025

SIGNS OF AN UPWARD INFLECTION

RBC Capital Markets ("Outperform"; PT: $54) believes demand has bottomed and ENPH has a strong opportunity to drive a market share recovery in resi and capture share in commercial as it continues to roll out new products

J.P. Morgan ("Neutral"; PT: $39 ) says that since ENPH held its initial Q1 2026 outlook after 18 months of cuts, it believes it may be an "early indicator that ENPH's visibility is beginning to improve."

Morgan Stanley ("Underweight"; PT: $30) says, "We look towards key execution milestones in the coming quarters before turning more positive on the company."