ENPH
Enphase Energy Inc. Technology - Solar Investor Relations →
Enphase Energy Inc. (ENPH) closed at $44.11 as of 2026-03-20, trading 64.8% below its 200-week moving average of $125.21. This places ENPH in the extreme value zone. The stock moved further from the line this week, up from -65.0% last week. The 14-week RSI sits at 64, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.29 ratio) is neutral — neither side is clearly dominating.
Over the past 681 weeks of data, ENPH has crossed below its 200-week moving average 4 times. On average, these episodes lasted 73 weeks. Historically, investors who bought ENPH at the start of these episodes saw an average one-year return of +162.7%.
With a market cap of $5.8 billion, ENPH is a mid-cap stock. The company generates a free cash flow yield of 0.7%. Return on equity stands at 17.9%, a solid level. The stock trades at 5.3x book value.
Over the past 13.1 years, a hypothetical investment of $100 in ENPH would have grown to $712, compared to $520 for the S&P 500. That represents an annualized return of 16.2% vs 13.4% for the index — confirming ENPH as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -48.4% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: ENPH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ENPH Crosses Below the Line?
Across 4 historical episodes, buying ENPH when it crossed below its 200-week moving average produced an average return of +97.5% after 12 months (median +105.0%), compared to +10.8% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +387.2% vs +24.8% for the index.
Each line shows $100 invested at the moment ENPH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ENPH has crossed below its 200-week MA 4 times with an average 1-year return of +162.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2013 | Dec 2013 | 4 | 5.6% | +114.3% | +635.2% |
| Jun 2015 | May 2018 | 150 | 88.5% | -74.2% | +447.3% |
| Sep 2018 | Sep 2018 | 1 | 4.1% | +447.9% | +994.5% |
| Jul 2023 | Ongoing | 138+ | 80.2% | Ongoing | -68.5% |
| Average | 73 | — | +162.7% | — |
Frequently Asked Questions
Is ENPH below its 200-week moving average?
Yes. As of 2026-03-20, Enphase Energy Inc. (ENPH) is trading 64.8% below its 200-week moving average of $125.21. The current price is $44.11.
What is ENPH's 200-week moving average price?
Enphase Energy Inc.'s 200-week moving average is $125.21 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when ENPH drops below its 200-week moving average?
ENPH has crossed below its 200-week moving average 4 times in our data. On average, buying at that moment produced a one-year return of +162.7%. These dips have historically been decent entry points. These episodes lasted 73 weeks on average.
Is ENPH a good value right now?
Here's what our data says about ENPH as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 64. Free cash flow yield is 0.7%. Return on equity is 17.9%. Price-to-book is 5.3x. This is not a buy or sell recommendation — always do your own research.
How does ENPH compare to the S&P 500?
Over the past 13.1 years, $100 invested in ENPH would have grown to $712, compared to $520 for the S&P 500. That's 16.2% annualized vs 13.4% for the index. ENPH has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20