Table of Contents Enphase Stock Price vs. Indices December 31, 2018 - December 31, 2023 $7,500 $5,000 $2,500 $0 8 3 0 2 9 1 1 2 2 2 1 2 / / / / / / 1 1 1 1 1 1 3 3 3 3 3 3 / / / / / / 2 2 2 2 2 2 1 1 1 1 1 1 Enphase Energy S&P 500 Index Invesco Solar ETF December 31, December 31, December 31, December 31, December 31, December 31, 2018 2019 2020 2021 2022 2023 Enphase Energy, Inc. $ 100 $ 552 $ 3,710 $ 3,868 $ 5,602 $ 2,794 S&P 500 Index $ 100 $ 129 $ 150 $ 190 $ 153 $ 190 Invesco Solar ETF $ 100 $ 166 $ 554 $ 415 $ 393 $ 288 Item 6. [Reserved] Enphase Energy, Inc. | 2023 Form 10-K | 48