Enphase Energy Suffers -$16.1 Million Net Loss In Q1/2024
Softer Demand & Channel Inventory Management Impacted US Revenues Even As European Contribution Increased
Friday, 26 Apr 2024
US-based microinverter and storage company Enphase Energy saw its Q1/2024 revenues slipping by almost 13% sequentially and over 63% annually, blaming the decline on seasonality and further softening in US demand. The company says it also under-ship.
US Solar Microinverter Maker’s Q4 2023 Revenues Decline
Slowing Down Shipments To Clear Inventory Pulls Down Business, Says Enphase Energy
Wednesday, 07 Feb 2024
Enphase Energy says its Q4/2023 revenues declined significantly as the company continued to undership its products to manage high inventory levels at its distribution partners, while also attributing it to further softening in demand. Of the total .
Troubled Times For US Solar PV Industry?
Enphase Energy Cutting Down Global Workforce By 10%; SunPower Doubts Ability To Stay Afloat
Friday, 22 Dec 2023
One of the largest solar PV markets globally, the US seems to be going through a rough phase as microinverter manufacturer Enphase Energy has announced plans to lay off 10% of its global workforce.
Enphase Energy’s Q3/2023 Revenues Impacted
US Microinverter Supplier Undershipping To Europe To Normalize Inventory As US Market Declines
Friday, 27 Oct 2023
US-based global solar microinverter supplier Enphase Energy saw its Q3/2023 financials impacted by macroeconomic conditions in the US and Europe as its revenues dropped over 22% YoY to $551.1 million.
Grid Forming Microinverter IQ8 From Enphase
Enphase IQ8 Microinverters Offer 6 Variants with Wide Range of AC Output to Accommodate a Variety of Module Power Classes
Wednesday, 04 Oct 2023
Enphase has introduced its latest microinverter, IQ8, a grid forming microinverter – only one of its kind, according to the company.
US Market Pulls Down Enphase’s Q2/2023 Revenues
International Markets Lead Microinverter Supplier’s Business As Company Strategizes For US
Friday, 28 Jul 2023
Microinverter manufacturer Enphase Energy said its Q2/2023 business suffered a decline in the US, blaming high interest rates and lower utility rates here for the ‘broad-based slowdown’, but said its international business reported a record quart.
New Solar Inverter Production Launched in US
Enphase Energy Begins First US Manufacturing Of Microinverters In South Carolina With Partner Flex
Friday, 07 Jul 2023
US headquartered Enphase Energy has begun local microinverter production with its contract manufacturing partner Flex at the latter’s Columbia, South Carolina factory.
Enphase Q1/2023 Net Income Goes Down
Enphase Energy To Add New US Capacity To Take Global Quarterly Capacity To 10 Million+ By 2023-End
Wednesday, 26 Apr 2023
Spurred by growing demand for solar and incentives related to the Inflation Reduction Act (IRA), US based solar microinverter supplier Enphase Energy’s says it is expanding manufacturing capacity in the US in Q2/2023.
Enphase Exited 2022 With Over 68% Jump In Annual Revenues
Enphase Energy Reports ‘Record’ Revenues Of $724.7 Million In Q4/2022; Targets 10 Million Quarterly Microinverter Production Capacity By 2023-End
Wednesday, 08 Feb 2023
US based solar microinverter and battery supplier Enphase Energy, Inc has reported a strong Q4/2022 with a ‘record’ quarterly revenue of $724.7 million reflecting an annual improvement of more than 75%, contributing to its annual revenues for 2022 growing more than 68% to $2.3 billion.
Enphase Energy To Open Manufacturing Lines In US
Enphase Reports ‘Record’ Quarterly Revenues In Q3/2022; Driven By IRA, Plans To Enter Domestic Manufacturing In US
Wednesday, 26 Oct 2022
Solar microinverter manufacturer Enphase Energy has announced plans to start manufacturing in the US with 4 to 6 lines, starting from Q4/2023, buoyed by the $0.11 per W production-based tax credit on microinverters manufactured in the US under the Inflation Reduction Act (IRA).
Healthy Enphase Energy’s Q2/2022 Financial Results
Strong European Sales Lead Enphase Energy To Report Another Strong Quarter In Q2/2022
Wednesday, 27 Jul 2022
US based solar microinverter and storage systems supplier Enphase Energy, Inc reported another healthy quarter in Q2/2022 with 66% annual growth in the US and 89% in Europe contributing to total revenues of $530.19 million, while GAAP net income swelled to $76.97 million.
India’s ‘Largest’ Roof-Integrated Solar System
Ornate Solar Commissions 530 kW Indigenously Developed InRoof Solar System For Pangaea
Thursday, 23 Jun 2022
Solar panel and inverter supplier Ornate Solar has commissioned what it claims to be the ‘largest’ building integrated rooftop PV system in India with 530 kW system size, for Pangaea Natural Stone in Rajasthan, using Enphase Energy Inverters & Canadian Solar modules.
Enphase Energy’s Q1/2022 Financial Results
Enphase Improves Q1/2022 Revenues Having Shipped 1,029 MW DC Microinverters
Wednesday, 27 Apr 2022
US headquartered solar PV microinverter supplier Enphase Energy’s Q1/2022 revenues improved by 7% QoQ and 46% YoY despite the global supply chain being ‘under stress’ as the management remains confident of its supplier management and ‘qualification of alternate suppliers’.
North America PV News Snippets
Enphase Expands Manufacturing Footprint To Romania & More From Array, VUI, SEIA
Tuesday, 05 Apr 2022
Flex to manufacture Enphase Energy’s microinverters in Romania; Array to supply trackers for Gemini Solar & Storage Project; Canadian company wants solar for uranium in Virginia; SEIA launches survey to assess impacts of Auxin Solar petition on the solar industry.
North America PV News Snippets
Nextracker Lands Saudi Arabian Solar Project & More From SunPower, DESRI, Silicon Ranch, Enphase
Wednesday, 30 Mar 2022
Nextracker will supply its tracker technology for Saudi Arabia’s Sudair Solar Plant; SunPower’s SunVault Storage can cover entire home during outage; DESRI commissions 189 MW solar; Silicon Ranch starts construction of 70 MW project; Enphase & GMP partner for pilot program.
Enphase Acquires SolarLeadFactory
US Solar Microinverter Player Takes Over Solar Lead Generation Company
Thursday, 17 Mar 2022
Enphase Energy, Inc the solar PV microinverter supplier from the US, has announced the acquisition of SolarLeadFactory, a solar lead generation engine whose business model uses technological resources to provide high quality, real-time leads to solar installers in 50 states.
SMA Solar’s 2021 Preliminary Financial Results
German Inverter Maker Further Lowers 2021 EBITDA Guidance; Offers 2022 Annual Guidance
Friday, 04 Mar 2022
Solar inverter supplier from Germany, SMA Solar Technology AG has lowered its EBITDA guidance for 2021 the 3rd time since December 2021, down to about €9 million, from the previous guidance of €20 million to €30 million it offered in January 2022 (see SMA Solar Lowers 2021 Earnings Guidance).
Enphase Ships 1.1 GW in Q4/2021
As Financials Improve, Enphase Plans Microinverter Contract Manufacturing In Europe
Wednesday, 09 Feb 2022
US based solar microinverter supplier Enphase Energy, Inc has revealed its plans to expand its existing production capacity for microinverters with the addition of a new contract manufacturing facility in Europe, by the end of this year, which its Pr.
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