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Enphase Energy, Inc. is a United States–based company operating in the energy sector, within the solar technology and distributed-energy industry. The company specializes in microinverters, home-energy systems, storage solutions and digital platforms for residential solar generation.
Founded in 2006 in California by Raghu Belur and Martin Fornage, Enphase emerged at a time when the solar market was expanding rapidly and required more efficient, safer and modular alternatives to traditional inverter systems.
Enphase’s portfolio includes advanced microinverters, residential battery systems, smart-energy management platforms, monitoring software, EV chargers and integrated home-energy solutions.
Its technological approach allows each solar module to operate independently, increasing overall efficiency, improving safety and enabling greater system resilience. The Enphase Energy System connects solar generation, storage, backup power and home-energy management through a unified digital interface.
The company operates globally across North America, Europe, Australia, Asia and Latin America. Its operational framework includes R&D centers, manufacturing partners, distributor networks, certified installers, remote technical support teams and cloud-based monitoring platforms.
Enphase collaborates with module manufacturers, energy retailers, installers and technology providers to expand its ecosystem.
Market forces shaping the company’s performance include solar-module pricing, renewable-energy incentives, interconnection regulations, residential-storage adoption, battery-cost trends, competition with string and hybrid inverters, EV-charging expansion and broader electrification of households.
Enphase also responds to global energy-transition trends, increasing digitalization and the rise of distributed-energy architectures.
Enphase Energy, Inc.’s shares trade on the Nasdaq under the ticker ENPH.
History and when Enphase Energy, Inc. was founded
Enphase Energy was founded in 2006 by Raghu Belur and Martin Fornage after identifying technical limitations in centralized inverter systems. The company’s core innovation—a microinverter installed on each individual solar module—offered improved reliability, higher energy yield and enhanced electrical safety.
In 2008, Enphase launched its first commercial product, the M175, which opened the path for widespread adoption of module-level power electronics.
During the 2010s, the company rapidly expanded in the United States as residential solar installations accelerated. In 2012, Enphase completed its initial public offering (IPO) on the Nasdaq, using the proceeds to strengthen manufacturing capacity, invest in engineering and expand internationally.
Subsequent microinverter generations, including the M-Series and IQ-Series, became industry benchmarks for efficiency and compatibility.
Beginning in 2017, Enphase undertook strategic restructuring to improve financial stability and concentrate on integrated energy ecosystems. In 2019, it entered the residential-storage market with the launch of its first battery systems, marking an important shift toward unified solar-plus-storage offerings.
Acquisitions in software and digital-energy tools further enhanced the company’s technological platform. Between 2020 and 2024, Enphase experienced strong growth driven by rising demand for backup energy systems, increased solar adoption and expansion into Europe and Australia.
The company released successive microinverter generations, expanded its battery portfolio, introduced integrated EV-charging capabilities and strengthened its global supply chain.
Despite fluctuations in component costs and market demand, Enphase solidified its position as one of the leading global providers of distributed solar and smart-home energy solutions.
Additional Information
The Company Enphase Energy Inc. (United States), is listed on Nasdaq with a market value of $ 5.17 Billions, having an equity of $ 995.02 Millions.
With a total of 577 employees, the company is listed in the sector of Technology and categorized in industry of Semiconductors.
In the last 12 months the Company had a revenue of $ 1.51 Billion, which generated a profit in the amount of $ 195.58 Millions.
As for its main indicators, the Company has a P/E ratio of 26.43, a P/BV ratio of 5.20 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker ENPH.
