Enphase shares slide as solar sector sells off after Sunrun outlook disappoints

Enphase Energy (ENPH) is down 7.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears primarily sector-driven, with residential-solar names broadly selling off after a major peer’s cautious 2026 outlook shook sentiment. With no clearly identifiable Enphase-specific headline driving the move, investors also may be extending a recent pullback following the stock’s early-February surge after earnings.

Details:

A large U.S. residential-solar company posted a sharp stock decline despite an earnings beat, after issuing a more conservative 2026 cash-generation outlook and outlining channel changes—pressuring sentiment across the group.

Solar stocks broadly weakened in the same session, and Enphase traded down in sympathy as investors reassessed near-term demand and installation activity for residential solar.

Enphase had already been sliding into the end of the prior session (February 26, 2026), extending a multi-day losing streak and signaling fragile momentum.

This could also reflect profit-taking and volatility after Enphase’s outsized post-earnings jump earlier in February, making the stock more sensitive to negative sector read-throughs.

Sources:

Barron’s, MarketWatch, Investor’s Business Daily

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ENPH Insider Trading Activity

$ENPH insiders have traded $ENPH stock on the open market 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $ENPH stock by insiders over the last 6 months:

THURMAN J RODGERS sold 150,000 shares for an estimated $4,369,140
BADRINARAYANAN KOTHANDARAMAN (President & CEO) has made 2 purchases buying 15,000 shares for an estimated $462,755 and 0 sales.
MANDY YANG (EVP, Chief Financial Officer) sold 6,000 shares for an estimated $198,060
RICHARD MORA sold 1,100 shares for an estimated $57,253

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ENPH Hedge Fund Activity

We have seen 213 institutional investors add shares of $ENPH stock to their portfolio, and 371 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

HOLOCENE ADVISORS, LP added 3,390,078 shares (+5990.5%) to their portfolio in Q4 2025, for an estimated $108,651,999
NORGES BANK added 2,655,003 shares (+257.1%) to their portfolio in Q4 2025, for an estimated $85,092,846
GREENVALE CAPITAL LLP added 2,350,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $75,317,500
RENAISSANCE TECHNOLOGIES LLC removed 1,770,334 shares (-66.4%) from their portfolio in Q4 2025, for an estimated $56,739,204
QUBE RESEARCH & TECHNOLOGIES LTD removed 1,668,317 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $53,469,559
COATUE MANAGEMENT LLC removed 1,647,893 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $52,814,970
POINT72 ASSET MANAGEMENT, L.P. added 1,626,079 shares (+4277.2%) to their portfolio in Q4 2025, for an estimated $52,115,831

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$ENPH Analyst Ratings

Wall Street analysts have issued reports on $ENPH in the last several months. We have seen 2 firms issue buy ratings on the stock, and 4 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Buy" rating on 01/20/2026
Barclays issued a "Underweight" rating on 01/15/2026
Northland Capital Markets issued a "Outperform" rating on 12/29/2025
Morgan Stanley issued a "Underweight" rating on 10/30/2025
Citigroup issued a "Sell" rating on 10/29/2025
GLJ Research issued a "Sell" rating on 09/23/2025

To track analyst ratings and price targets for $ENPH, check out Quiver Quantitative's $ENPH forecast page.

$ENPH Price Targets

Multiple analysts have issued price targets for $ENPH recently. We have seen 16 analysts offer price targets for $ENPH in the last 6 months, with a median target of $40.5.

Here are some recent targets:

Julien Dumoulin-Smith from Jefferies set a target price of $57.0 on 02/25/2026
Colin Rusch from Oppenheimer set a target price of $68.0 on 02/04/2026
Mark Strouse from JP Morgan set a target price of $39.0 on 02/04/2026
Philip Shen from Roth Capital set a target price of $55.0 on 02/04/2026
Ameet Thakkar from BMO Capital set a target price of $41.0 on 02/04/2026
Praneeth Satish from Wells Fargo set a target price of $50.0 on 02/04/2026
Vikram Bagri from Citigroup set a target price of $41.0 on 02/04/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.