Enphase Energy drawdown: 89.7% below the all-time high
Enphase Energy is 89.7% below its all-time high, set Dec 2, 2022 (as of market close, Sep 18, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −89.7%
- 10.3% of ATH
- All-time high
- $336
- Dec 2, 2022
- Time below the high
- 3.8 yrs
- since Dec 2, 2022
- Worst-ever drawdown
- −96.0%
- May 18, 2017
- Longest underwater
- 4.7 yrs
- between all-time highs
- Today's level first reached
- Aug 21, 2019
- 7.1 yrs ago
- Last time this deep
- Nov 8, 2017
- in a previous episode
% of all-time high since 2012#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Sep 17, 2014 | May 18, 2017 | −96.0% | 2.7 yrs | Jun 13, 2019 | 4.7 yrs |
| Dec 2, 2022 | Nov 20, 2025 | −92.2% | 3.0 yrs | not yet | 3.8 yrs+ |
| May 3, 2012 | Nov 16, 2012 | −77.4% | 6 mo | May 13, 2013 | 12 mo |
| Feb 21, 2020 | Mar 18, 2020 | −59.4% | 26 days | May 11, 2020 | 3 mo |
| Nov 19, 2021 | Jan 27, 2022 | −55.2% | 2 mo | Jul 28, 2022 | 8 mo |
| May 14, 2013 | Dec 12, 2013 | −49.4% | 7 mo | Jul 14, 2014 | 14 mo |
| Aug 21, 2019 | Nov 4, 2019 | −48.5% | 2 mo | Feb 4, 2020 | 5 mo |
| Jan 7, 2021 | May 13, 2021 | −46.4% | 4 mo | Oct 27, 2021 | 10 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2012: how far Enphase Energy stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Enphase Energy from its all-time high?
- Enphase Energy is currently 89.7% below its all-time high, set Dec 2, 2022 (as of market close, Sep 18, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Enphase Energy drawdown ever?
- The deepest decline on record in our data (since 2012) took Enphase Energy 96.0% below its prior high, bottoming May 18, 2017. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from ENPH; no free deep history exists for Enphase Energy — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.