Coperniq is an end-to-end operations and service platform for solar companies that manages fulfillment and service operations used by residential and commercial EPCs.

Coperniq

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

Raghu Belur

Martin Fornage

Enphase Energy, Inc.

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

Michael Ahearn

First Solar, Inc.

Workflow management software for solar & energy contractors ⚡️🌎

Coperniq Inc.

In case you missed it, website summer facelift: https://www.coperniq.io 😎

Coperniq is workflow management software for the top 1% solar installers (sorry sales orgs, gotta install to use us...)

Metric
Company Name	Coperniq	Enphase Energy, Inc.	First Solar, Inc.
Symbol		ENPH	FSLR
MSH ID	IO:COPERNIQ	COM:ENPHASE	COM:FIRSTSOLAR
Market	PRIVATE	STOCKS	STOCKS
Sector	Technology	Energy	Energy
Industry	Energy	Solar	Solar
Country	US	US	US
Stage
Employee Count		3.16K	6.70K
Website	coperniq.io	enphase.com	firstsolar.com
LinkedIn		enphase-energy
Founders

Metric
Market Cap	14.52B	24.47B
Enterprise Value
Monthly Web Traffic	1.06M
Web Traffic Growth	0.34
Valuation
Raised Capital	10M

Metric
Revenue	2.29B	3.32B
Revenue (LTM)
Revenue (NTM)
Gross Profit	1.06B	1.30B
EBITDA	445.74M	1.26B
Operating Income	445.74M	857.27M
Net Income	438.94M	830.78M
EPS	3.22	7.78
Diluted EPS	3.06	7.74
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.46	0.46
Operating Profit Margin	0.19	0.35
EBITDA Margin	0.19	0.38
Net Profit Margin	0.19	0.32
Return on Equity	0.45	0.18
Return on Assets	0.13	0.11
Return on Capital Employed	0.16	0.14

IO:COPERNIQ

Coperniq

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	23.23	31.44
P/B Ratio	13.09	2.36
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	11.86	8.84
EV Multiple	73.15	21.77

Metric
Days Sales Outstanding	75.38	93.36
Days Payables Outstanding	22.07	17.56
Days Inventory Outstanding	84.27	183.70
Operating Cycle	165.92	337.89
Cash Conversion Cycle	131.42	300.41
Asset Turnover	0.68	0.34

Metric
Operating Cash Flow	696.78M	602.26M
Free Cash Flow	586.38M	-784.51M
Cash Flow to Debt	0.54	2.08
Operating Cash Flow/Sales	0.30	0.32
Free Cash Flow Yield	0.06	-0.04

Metric
Cash & Equivalents	288.75M	1.95B
Accounts Receivable	-12.48M	-304.18M
Inventory	213.59M	1.01B
Goodwill	214.56M	29.69M
Debt to Capitalization	0.60	0.09
Debt to Assets	0.36	0.06
Current Ratio	3.36	3.19
Quick Ratio	4.02	2.69

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.08	0.01
R&D to Revenue	0.08	0.04
SG&A to Revenue	0.05