New York, Feb 13, 2026, 05:46 EST — Premarket
- Enphase dropped 8.48% Thursday, deepening a slide that’s now stretched to three straight days.
- This week, a director unloaded 1,100 shares, according to a filing.
- Investors are on edge ahead of U.S. inflation numbers, which have the potential to jolt rate-sensitive solar stocks.
Enphase Energy (ENPH.O) dropped 8.48% to close at $44.14 on Thursday, capping off a three-day losing streak. Shares now sit 37.64% under their Feb. 19 52-week high of $70.78. Trading volumes pushed past the 50-day average, MarketWatch data shows.
Timing is key here. Global stocks slipped from their highs just before the latest U.S. consumer inflation numbers, with risk sentiment unsettled following the tech-heavy Nasdaq’s drop on Thursday. “Markets have had a healthy correction,” said Arun Sai, senior multi-asset strategist at Pictet Asset Management. He added, “the focus goes back to macro.” Reuters
Enphase has plenty in motion. CEO Badri Kothandaraman, in the company’s latest update, noted that U.S. sell-through demand is sitting at its “highest level in more than two years” — a boost driven by installations ahead of the Section 25D tax credit’s expiration. Fourth-quarter revenue landed at $343.3 million. For the first quarter, Enphase sees revenue between $270 million and $300 million, with roughly $35 million coming from “safe harbor” shipments, which let customers secure tax-credit eligibility by taking products early. Management also called out about a five percentage point margin hit from tariffs, and flagged weaker Europe revenue on softer demand. markets.businessinsider.com
Solar stocks mostly slid Thursday. First Solar (FSLR.O) gave up 3.20% to close at $220.45. Shares of SolarEdge (SEDG.O) dropped 5.28% to $34.41, and Sunrun (RUN.O) lost 5.01%, finishing at $18.20, according to MarketWatch data.
Insider moves caught some attention, too. Director Richard Mora unloaded 1,100 shares of Enphase at $52.0488 apiece on Feb. 10, according to a Form 4 filing posted Thursday. Mora’s stake stood at 9,370 shares after the sale.
The company’s been slashing expenses. Enphase announced Jan. 23 plans to eliminate around 160 positions—just under 6% of its staff—and shift some roles to cheaper locations. The estimated bill for all the restructuring and asset write-downs: about $4.6 million.
Stocks took a beating Thursday, with the main U.S. indexes deep in the red. Tech names led the pullback, while traders braced for Friday’s inflation numbers. “There is this defensive rotation going,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. Reuters
January’s Consumer Price Index is forecast to climb 0.3% from December, according to a Reuters poll. The same 0.3% increase is expected for “core” CPI, which strips out food and energy. “Firms tend to raise prices at the beginning of the year,” Morgan Stanley economist Diego Anzoategui told Reuters. Reuters
The setup isn’t one-sided. Hotter inflation sends bond yields jumping, hitting solar stocks—these names are essentially leveraged to falling rates and easier financing. On the flip side, let inflation ease and cyclicals that have been hammered can bounce back sharply, with short covering kicking in to accelerate things.
Friday brings the next obvious trigger: the CPI numbers. The Bureau of Labor Statistics plans to drop January 2026’s CPI report at 8:30 a.m. Eastern—data that could steer Enphase and similar names as the weekend approaches.
