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ENPH
Enphase Energy, Inc. · Information Technology / Energy - Solar Microinverters
$52.28
+11.80% this month
VERSUS
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COMPARE
SEDG
SolarEdge Technologies, Inc. · Information Technology / Energy - Solar Power Optimization
$58.05
+6.46% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
ENPH
4
SEDG
1
Comparison scoreboard
ENPH LEADS 4/5AI Score
ENPH ✓56.5
SEDG 40.5
1Y Return
ENPH +49.71%
SEDG ✓+241.87%
Fwd P/E
ENPH ✓22.56
SEDG 38.82
Target Up.
ENPH ✓-14.32%
SEDG -28.65%
Op. Margin
ENPH ✓-9.13%
SEDG -15.28%
Metrics last refreshed: 6/20/2026
Quick take
ENPH vs SEDG Stock Comparison: AI Score, Valuation, Performance and Upside
ENPH and SEDG are the two dominant Western solar inverter companies that both experienced significant downturns during the 2023-2024 solar industry correction driven by rising interest rates and installer inventory destocking. Enphase has generally navigated the downturn with stronger financial results than SolarEdge, which has required more significant restructuring.
ENPH vs SEDG compares the two leading residential solar inverter companies both recovering from a severe industry correction, with different technology approaches and financial resilience during the downturn.
Live analysis · updated 6/20/2026
ENPH holds the edge across 4 of 5 key metrics in this comparison. SEDG has delivered stronger 1-year price return (+241.87% vs +49.71%), though ENPH trades at the lower forward P/E (22.56x vs 38.82x). On fundamentals, SEDG is growing revenue faster (41.50%), while ENPH maintains the higher operating margin (-9.13%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for ENPH (-14.32%) than for SEDG (-28.65%).
Normalized 1Y performance
ENPH
SEDG
Recent returns
ENPH
SEDG
Analyst price targets & sentiment
ENPH · 33 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.7/5.0)
Price target range
analyst low$33.00
analyst high$95.00
analyst mean$46.77
current price$52.28
-14.3% upside to analyst mean
SEDG · 26 analysts
STRONG BUYHOLDSTRONG SELL
Hold (3.3/5.0)
Price target range
analyst low$5.00
analyst mean$43.38
current price$58.05
-28.6% upside to analyst mean
Who should consider this stock?
ENPH may suit investors who:
- →Want exposure to the residential solar equipment market through the microinverter technology leader
- →Believe U.S. and European residential solar installation recovery will drive demand growth
- →Value Enphase's expanding battery and energy management ecosystem beyond solar inverters alone
SEDG may suit investors who:
- →See potential recovery value in SolarEdge following a more severe business decline than Enphase
- →Believe SolarEdge's European market position and cost structure improvements will drive recovery
- →Are comfortable with higher near-term execution risk in exchange for potential valuation upside
Performance & AI score
| Metric | ENPH | SEDG |
|---|---|---|
| AI score | 56.5 | 40.5 |
| AI rank | #232 | #1038 |
| Latest close | $52.28 | $58.05 |
| 1M return | +11.80% | +6.46% |
| 6M return | +65.39% | +100.73% |
| 1Y return | +49.71% | +241.87% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | ENPH | SEDG |
|---|---|---|
| 1Y ago | $14.37K (+43.7%) started 2025-06-18 | $34.19K (+241.9%) started 2025-06-18 |
| 5Y ago | $3.21K (-67.9%) started 2021-06-21 | $2.2K (-78.0%) started 2021-06-18 |
| 10Y ago | $244.3K (+2343.0%) started 2016-06-20 | $28.02K (+180.2%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | ENPH | SEDG |
|---|---|---|
| Market cap | $7.19B | $3.7B |
| Trailing P/E | 54.05 | N/A |
| Forward P/E | 22.56 | 38.82 |
| Price/Sales | 3.80 | 1.17 |
| EV/Revenue | 4.91 | 2.79 |
| Analyst target | $46.77 | $43.38 |
| Target upside | -14.32% | -28.65% |
Growth, profitability & risk
| Metric | ENPH | SEDG |
|---|---|---|
| Revenue growth | -20.60% | 41.50% |
| Earnings growth | -36.40% | N/A |
| EPS growth | -36.40% | N/A |
| FCF margin | +6.54% | +21.78% |
| Operating margin | -9.13% | -15.28% |
| Profit margin | 9.64% | -28.56% |
| ROIC proxy | 14.11% | -72.50% |
| Return on equity | 14.11% | -72.50% |
| Dividend yield | N/A | N/A |
| Beta | 1.57 | 1.42 |
| Debt/equity | 55.53 | 98.45 |
| Current ratio | 3.80 | 2.02 |
| Quick ratio | 2.71 | 1.26 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
ENPH max drawdown39.65%
SEDG max drawdown37.26%
ENPH max wkly drop26.73%
SEDG max wkly drop26.38%
5Y risk snapshot
ENPH max drawdown92.23%
SEDG max drawdown97.16%
ENPH max wkly drop33.19%
SEDG max wkly drop35.14%
10Y risk snapshot
ENPH max drawdown92.23%
SEDG max drawdown97.16%
ENPH max wkly drop42.51%
SEDG max wkly drop35.14%
Performance metrics by period
| Period | Metric | ENPH | SEDG |
|---|---|---|---|
| 1Y | Growth | +43.71% | +241.87% |
| CAGR | +43.78% | +242.16% | |
| Sharpe ratio | 0.78 | 1.69 | |
| Max drawdown | 39.65% | 37.26% | |
| Max daily drop | 18.01% | 14.33% | |
| Max wkly drop | 26.73% | 26.38% | |
| 5Y | Growth | -67.94% | -78.03% |
| CAGR | -20.38% | -26.15% | |
| Sharpe ratio | -0.04 | 0.01 | |
| Max drawdown | 92.23% | 97.16% | |
| Max daily drop | 25.73% | 33.44% | |
| Max wkly drop | 33.19% | 35.14% | |
| 10Y | Growth | +2342.99% | +180.16% |
| CAGR | +37.68% | +10.86% | |
| Sharpe ratio | 0.74 | 0.45 | |
| Max drawdown | 92.23% | 97.16% | |
| Max daily drop | 28.14% | 33.44% | |
| Max wkly drop | 42.51% | 35.14% |
Business comparison
| Category | ENPH | SEDG |
|---|---|---|
| Company | Enphase Energy, Inc. | SolarEdge Technologies, Inc. |
| Sector | Technology | Technology |
| Industry | Solar | Solar |
| Core business | Enphase Energy designs and manufactures microinverter-based solar energy systems for residential and commercial installations, where each solar panel gets its own small microinverter, plus home batteries, EV chargers, and energy management software. | SolarEdge provides DC power optimizers and string inverters for residential and commercial solar installations, as well as grid services and commercial energy storage, with a particularly strong position in European residential solar markets. |
| Investor focus | Investors track Enphase's quarterly shipment volumes and revenue, residential solar installation demand in the U.S. and Europe, battery attachment rates with solar installations, and the recovery from a significant industry correction. | Investors track SolarEdge's revenue recovery from a severe inventory correction, European versus U.S. market performance, and the company's cost structure and profitability timeline. |
ENPH strengths
- →Microinverter technology provides panel-level optimization and monitoring advantages over string inverters
- →Strong U.S. residential solar market share with IQ8 microinverters and IQ battery storage products
- →Vertically integrated energy management ecosystem spanning solar, storage, and EV charging
SEDG strengths
- →DC power optimizer plus string inverter approach provides a cost-efficient alternative to microinverters for many installations
- →Strong European residential solar market presence
- →Commercial energy storage and grid services provide diversification beyond residential solar
Risks to watch — ENPH
- →Experienced a severe demand correction in 2023-2024 as high interest rates reduced residential solar installation rates
- →European market softness added to demand headwinds beyond the U.S. correction
- →Competition from SolarEdge and increasingly from Chinese inverter manufacturers entering Western markets
Risks to watch — SEDG
- →Experienced a more severe business decline than Enphase during the 2023-2024 solar demand correction, requiring significant restructuring
- →Competitive pricing pressure from Chinese inverter manufacturers has been intense in European markets
- →Profitability recovery has been challenging amid lower volumes and price pressure
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