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StocksMedium•4 May 2026•

1 min read

Enphase Energy Revenue Plummets 28.6% as Barclays Trims Price Target

Key Facts

1Enphase Energy reported a 28.6% year-over-year revenue decline to $282.9 million in its Q1 2026 earnings report.

2Barclays analyst Christine Cho lowered the price target for ENPH to $30 from $31.

3The company reported a GAAP loss of 6 cents per share, a shift from earnings of 22 cents per share in the previous year.

Enphase Energy faced significant selling pressure following disappointing Q1 2026 financial results, reporting a 28.6% year-over-year revenue decline to $282.9 million. The company posted a GAAP loss of 6 cents per share, a sharp reversal from the 22 cents per share profit recorded in the prior year. This downturn is primarily attributed to weakening demand within the U.S. solar market, which continues to weigh on operational performance. In response, Barclays analyst Christine Cho lowered the price target for ENPH to $30 from $31. While the company is strategically pivoting toward AI data center power equipment, the persistent slump in solar sales remains the dominant factor for investors. These results highlight the structural challenges facing the renewable energy sector amid shifting market dynamics.