Enphase Energy Inc

ENPH remains in a Stage 4 decline with persistent lower highs and lower lows under declining EMAs and below the 50 DMA. Price is oversold and holding near the 200 DMA, creating no clear short-term sell trigger. The medium-term bias remains bearish; therefore, trimming into minor rallies up toward the 9 EMA, 21 EMA, and 50 DMA resistance zone is preferred.

• ↑Next-gen IQ9 microinverters & 5th-gen batteries boost energy density and lower install costs
• ↑Q1 free cash flow of $83M with cash position of $930.6M
• ↓Q1 revenue of $282.9M down 20.6% YoY; gross margin at 43.9%