ENPH Enphase Energy, Inc.

Last updated: Mar 16, 2026

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Execution Consistency

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $50M, Q2 2025: $100M, Q1 2025: $42M, Q3 2024: $110M

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Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $50M vs trailing avg $84M (-41%)

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What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-70M), cannot compute buyback ratio

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How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 0 shares = 0.0% of 132,448,000 outstanding (annualized)

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Are officers and directors buying stock with their own money on the open market?

6 open-market purchases by 1 insiders

Kothandaraman Badrinarayanan (President & CEO) bought 750 shares at $51.06 on 2026-02-05
Kothandaraman Badrinarayanan (President & CEO) bought 4,250 shares at $52.14 on 2026-02-05
Kothandaraman Badrinarayanan (President & CEO) bought 5,000 shares at $30.69 on 2025-11-10
Kothandaraman Badrinarayanan (President & CEO) bought 10,000 shares at $30.93 on 2025-10-31
Kothandaraman Badrinarayanan (President & CEO) bought 5,000 shares at $30.82 on 2025-08-06
Kothandaraman Badrinarayanan (President & CEO) bought 4,000 shares at $46.35 on 2025-04-25

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Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

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Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $1M, sold $5M (net selling)

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Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 4.4x more than bought. 1 C-suite officers among sellers